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