Bangkok hotel sector goes from strength to strength

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Bangkok hotel sector goes from strength to strength

By Xinyi Liang-Pholsena

 

Business optimsim runs high for Centara Grand at CentralWorld

 

Political stability and surging international visitors arrivals are proving a potent mix for Bangkok, as the Thai capital is poised to achieve its strongest performance in recent years in 2018 with no disruptive events anticipated.

 

“Thailand has seen a lot of ups and downs over the past 10 years but it’s on a clear path of growth (in the hotel sector),” STR’s area director Asia-Pacific Jesper Palmqvist projected at Thailand Tourism Forum earlier this year.

 

Bangkok’s hotel sector is “finding its strides”, reflected in the steady rise of its ADR and occupancy rates in the past three years.

 

RevPAR, for instance, broke 10-year records for 10 months out of 12 in 2017, Palmqvist shared.

 

Full Story: https://www.ttgasia.com/2018/09/21/bangkok-hotel-sector-goes-from-strength-to-strength/

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