Bangkok Hotel Figures Q4 2023

February 20, 2024 10 Minute Read

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-   The number of tourist arrivals to Thailand was 8,095,351, increasing 48.1% Y-o-Y, and 14.2% Q-o-Q from 7,089,281 in Q3 2023.
-   During this quarter, international tourist arrivals saw significant growth in numbers, attributing to year-end holidays, which reflected in a better hotel performance.
-   Occupancy of Bangkok hotels was recorded at 72.4%, increasing 1.3 percentage points Q-o-Q and 5.7 percentage points Y-o-Y.
-   ADR increased to THB 4,204, indicating an increase of 8.4% Q-o-Q and a 5.1% Y-o-Y growth.
-   RevPAR was THB 3,058, representing an increase of 10.7% Q-o-Q and 14.3% Y-o-Y.
-   There were six new hotel openings this quarter, adding 1,144 keys to the existing supply.