Bangkok Hotels Market Update 2Q-2023

Tourism recovery is in line with the government’s forecast and should reach 25 million by end-2023.

August 28, 2023
  • Rathawat Kuvijitrsuwan
  • Visant Srimanothip
  • Arrivals show steady month to month recovery as at YTD June 2023

  • Bangkok welcomes four additional hotels in 2Q23

  • RevPAR of luxury hotels improves by 167.4% y-o-y

  • Outlook: Occupancy gradually closing gap with pre-pandemic levels

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