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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