Research

Bangkok Hotels Market Update Q4 2023

Intra-regional travel remains key as Chinese travellers gradually ramp up.

February 13, 2024
Contributors:
  • Rathawat Kuvijitrsuwan
  • Visant Srimanothip
Highlights
  • Arrivals show steady monthly recovery as of YTD Nov-2023

  • Bangkok welcomes five additional hotels in 4Q23

  • RevPAR of luxury hotels improves by 28.1% from 2019

  • Outlook: Occupancy set to be key driver behind RevPAR growth in 2024

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