Research

Bangkok Hotels Market Update Q1 2024

Significant rebound in foreign visitation stirs optimism for 2024.

May 16, 2024
Contributors:
  • Rathawat Kuvijitrsuwan
  • Marina Bracciani
Highlights

  • Tourist arrivals rise strongly with higher foreign visitation

  • More than 1,100 new rooms in Q1 2024

  • Performance continues improving with rising occupancy and rates

  • Outlook: Continued improvement in performance with rising occupancy

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