Hotels in Thailand reach new heights

Thai market always seems to recover strongly from crises
Despite the problems and negative publicity Thailand faced in 2015, stats show that hotels achieved record occupancy rates during the year.
Presenting the figures at the Thailand Tourism Forum 2016, STR Global said there had always been fluctuations in occupancy during times of crisis and political unrest, but “the main strength of the Thai market is how fast it can recover,” said STR’s Asia-Pacific area director, Jesper Palmqvist.
A panel discussion at the event agreed, arguing that no matter how unstable Thai politics becomes, the economy had somehow always survived the setback and rebounded.
However, there are concerns that the market is becoming stale. Tim Hansing, chief executive of Red Planet Hotels, suggested the Thai market had already reached maturity and is becoming less attractive than other emerging markets in the region for hotels to invest in.
“It is bland,” he said. “There are more opportunities elsewhere.”
Emerging beachfront destinations such as Samui, Hua Hin and Krabi remain the only bright spots for growth, he added.
Meanwhile, there is still more unfulfilled demand in the midscale segment, even in Bangkok, said Mike Batchelor, managing director of investment sales Asia at JLL.
TTG Asia

x

Check Also

Farnborough airshow day 3, a slow day for new orders.

After 2 days with more than USD 98 billion of new aircraft and services contracts, it slowed down on day 3.

Singapore Airlines, business, premium economy, product, long-haul, Stockholm, first class

Skytrax 2018 airline awards, the best airline in world is Singapore Airlines.

The Skytrax awards were presented this week at the Langham Hotel in London and one Nordic carrier did well.

Forenom opened 163 brand new residences for business travellers in Oslo.

Nordic region’s leading serviced apartment company Forenom opened 163 fully furnished and serviced residences in the heart of Oslo. The first customers entered the location in the beginning of July.

Radisson Blu opens up the biggest hotel in Vilnius.

The Radisson Blu Hotel Lietuva, located on the right bank of the River Neris in Vilnius, has successfully completed a large-scale development project and is now the biggest hotel in the city.

Farnborough Airshow day 2, a record of 530 new aircraft ordered and valued to USD 51.4 billion.

Another good day for aircraft producers Boeing, Airbus and Embraer, during the first 2 days they have signed new aircraft orders for a massive USD 95.5 billion.

City Jet and Air Nostrum to merge, the consolidation in European aviation is on-going.

Irish City Jet and Spanish Air Nostrum join forces and when merged under a holding company it will emerge as the largest regional airline in Europe.