QUARTERLY HIGHLIGHTS

‒  The number of tourist arrivals to Thailand in Q1 2022 increased by 45.5% Q-o-Q and 2,367.2% Y-o-Y from 342,024 tourists in Q4 2021 to 497,693 tourists this quarter. Notably, international tourist arrivals numbers in Q1 2022 exceeded the arrivals for all of 2021 (427,869 arrivals).

‒  Occupancy rate of Bangkok hotels in Q1 2022 was 32.9%, an increase of 5.9 percentage points Q-o-Q and 13.1 percentage points Y-o-Y.

‒  ADR was recorded at THB 2,379 Q1 2022 representing an increase of 3.8% Q-o-Q and 13.0% Y-o-Y.

‒  RevPAR was recorded at THB 786, indicating a growth of 24.5% Q-o-Q and 88.5% Y-o-Y.

‒  There were two new hotels opening this quarter adding 185 keys to the existing supply. The total hotel supply increased to 76,955 keys, in 396 properties.