Research

Bangkok Hotels Market Update Q3 2023

Rising occupancy in line with increased tourism arrivals sustains

December 01, 2023
Contributors:
  • Rathawat Kuvijitrsuwan
  • Visant Srimanothip
Highlights
  • Arrivals show steady month to month recovery as at YTD Aug 2023

  • Bangkok welcomes three additional hotels in 3Q23

  • RevPAR improves, supported by higher occupancy and ADR

  • Outlook: Occupancy to gradually close gap with pre-pandemic levels in 2023

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