The luxury Phuket hotel hit by a political boycott
The globally renowned Sri Panwa resort is under an unwelcome spotlight after its owner, Vorasit Issara, criticised pro-democracy protesters, who promptly hit back by calling for a boycott on his hotel.
Sri Panwa is a luxury resort of private pool villas and spa located in the southwest of Phuket. The stunning scenery around the resort marks it as one of Thailand’s leading hotels.
Beach Tomato UK named Sri Panwa as the most beautiful hotel in the world, while Anywhere magazine said it was the most charming, and CNN International tagged it for housing one of the world’s three best beach bars in 2011.
The hotel was registered to Sri Panwa Management Ltd on July 18, 2013 with capital of Bt100 million.
Despite all the praise, it made a net loss of Bt157.5 million in 2019, up on the previous year’s loss of Bt75.9 million.
Vorasit Issara is a scion of the family that owns real-estate giant Charn Issara Development.
Thai netizens recently found out from SET that the Social Security Office was the biggest shareholder of Sri Panwa Hotel.