by Bill Barnett Thailand’s idyllic Koh Phangan island is renowned globally for its marque Full Moon parties. On the heels of soaring demand for the big event, visitor numbers surpassed the one million ceiling two years ago and over a five-year period registered compound annual growth rate of 17%. While the numbers are impressive, the reality for resorts on the ground is one of disruptive trading. Accommodation establishments are continually being forced to deal with high occupancy that often surpasses 80% in peak periods but rapidly falls off as soon as the Full Moon event tapers off each month.
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Koh Phangan and Koh Tao try to shake off monthly boom and bust
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