Bangkok blast will hit earnings, hoteliers warn

Bangkok

TWO top Thai hotel operators warned on Friday that a bomb attack in Bangkok this week would have an impact on earnings, and reduced revenue growth forecasts this year after signs of slower foreign tourist arrivals.

The Erawan Group, one of Thailand's top five hotel operators, is expected to be most hit given that its flagship Grand Hyatt Erawan is next to the religious shrine where a bomb went off on Monday, killing 20 people.