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Bangkok Hotel Negatively Affected By Political Unrest in Q4 2013

By on Mar 13, 2014 in Research

Bangkok Luxury Hotel MarketView Q4, 2013

Bangkok Luxury Hotel MarketView Q4 2013

  • The Average Daily Rate (ADR) of all grades of hotels in Bangkok was around THB 3,200, an increase of 7.0% from 2012.
  • Revenue per Available Room (RevPAR) of all grades of hotels in Bangkok was THB 2,400 in 2013, rising by 13.0% Y-o-Y.
  • CBRE forecasts that the supply of hotel rooms in Bangkok will increase 16% by 2017.
  • Tourist arrivals for the whole country increased by 20% Y-o-Y to 27 million. China was still the biggest feeder market, increasing by 70% Y-o-Y with 4.7 million arrivals in 2013 accounting for 17.5% share of total international tourist arrivals.

OUTLOOK

The short term outlooks for Bangkok is negative due to drops on visitor numbers caused by the protests, the longer that the situation remains unresolved the greater the impact will be.

This is an extract from Bangkok Luxury Hotel MarketView Q4 2013, click to download the full report at Bangkok Luxury Hotel MarketView.

Toby has been living in Bangkok for a number of years and has a strong research background. With his years in Thailand Toby brings a wide range of property knowledge to his research writing

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