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October 13th, 2018, 21:08
#27
Re: Money in bars
" I just think the whole boy bar scene is on its last legs - which is a great pity - and it's beyond saving "
There is a mentality problem when it comes to letting property in Thailand. When landlords see a tenant doing well, they want a bigger slice of the action, but when they are doing worse, reducing rents seems to involve loss of face and they will often leave property empty instead of dropping the rent.
Outside of BKK (which IS beyond salvation for nightlife I suspect) there is a dramatic drop in rents when you go just a couple of sois away from a nightlife area, and the owners of the property in those sois are only too aware of that, and are keen to get a share of the action.
The answer is for new bars to migrate a little, if the local burghers will allow it..
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User who gave Like to post:
christianpfc (October 18th, 2018)
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