webfact Posted March 9, 2023 Share Posted March 9, 2023 file photo for reference only by Monica PitrelliFinding a great hotel deal may be harder than ever before. Hotel rates are at an “all-time high,” Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” on Thursday. Rates are being fueled by travel demand that is like “a feast … to offset the famine,” he said, referencing the pandemic. According to earnings reports, Hilton’s average daily rates increased by 8% in the fourth quarter of 2022, compared with the same period in 2019. Similarly, Marriott and IHG hiked prices by 13%, while Hyatt had a 14% daily rate increase. It's more expensive to travel in Southeast Asia, especially in these four places WATCH NOW VIDEO 0 2:51 It’s more expensive to travel in Southeast Asia, especially in these 4 places (Bali, Bangkok, Phuket and Singapore) That’s globally. In parts of Asia Pacific, hotel rates are climbing even higher. Rates in Asia are skyrocketing The travel boom in Asia Pacific has been “phenomenal,” said Watts. Data shows this is especially true in places where Chinese travelers are going. Average hotel rates across Southeast Asia have gone up more than 10% since 2022, according to data from the travel booking company Traveloka. But rates have climbed more than 45% in destinations that are attracting the most Chinese travelers, said the company’s chief strategy officer, Joydeep Chakraborty. “The most significant increase was recorded in Bali, Bangkok, Phuket and Singapore, with Bangkok topping the charts at over 70% and Singapore coming in at over 40%,” he said. Full story: https://www.cnbc.com/2023/03/05/hotel-rooms-are-getting-more-expensive-in-thailand-singapore-and-japan.html -- © Copyright CNBC 2023-03-09 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information 1 1 Link to comment Share on other sites More sharing options...
proton Posted March 9, 2023 Share Posted March 9, 2023 What will the backpackers do? no more 200 baht a night hostels ???? 1 Link to comment Share on other sites More sharing options...
Tom H Posted March 9, 2023 Share Posted March 9, 2023 70% up from nearly nothing as a basis? Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted March 9, 2023 Popular Post Share Posted March 9, 2023 1 hour ago, webfact said: Rates are being fueled by travel demand that is like “a feast … to offset the famine,” he said, referencing the pandemic AKA gouging... 2 2 1 Link to comment Share on other sites More sharing options...
Robert Tyrrell Posted March 9, 2023 Share Posted March 9, 2023 Good Afternoon, 70% Hotel cost up, Are certainly not because of Tourists demand in Thailand, There up because of dismal Tourist numbers !! And TAT spewing there inaccurate Tourism numbers in hopes of stimulating more Tourism in Thailand ???? 1 2 Link to comment Share on other sites More sharing options...
Peterphuket Posted March 9, 2023 Share Posted March 9, 2023 I agree with my experience, the prices are higher and the service lower. Recently I booked a hotel that used to have a shuttle service to the airport and now without mentioning no more. With a kind of attitude it is your problem not ours. 1 Link to comment Share on other sites More sharing options...
Popular Post Xonax Posted March 9, 2023 Popular Post Share Posted March 9, 2023 (edited) The Honeymoon will be over again, as soon as we get past Songkran. I have given up travel this year, but I am happy to stay at home, rather than to support those greedy hotels. It is not just the hotel rates, but everything connected to tourism that have gone up, like car and bike rental, tours and even restaurant prices. Edited March 9, 2023 by Xonax 2 2 Link to comment Share on other sites More sharing options...
Popular Post BestB Posted March 9, 2023 Popular Post Share Posted March 9, 2023 If I am not mistaken they are comparing rates 3 years apart, leaving out 2 years where prices were slashed by as much as 90%. what they have also failed to note now it is shoulder season going into low season in 2019 but remains high season in 2023 due to 2 years of restrictions. better would be to compare prices in January 2019 to prices in January 2023 to see if any changes doing a light search to me prices look about the same and plenty of cheap rooms around. but most importantly to note costs have also gone up, electric almost doubled , so unsure why anyone expects for rates to remain the same 2 1 1 Link to comment Share on other sites More sharing options...
koolkarl Posted March 9, 2023 Share Posted March 9, 2023 Long haul airfares are up 70 to 100% to most places too. Incredible inflation. Now the international media has to widely educate people that the air in Thailand, everywhere, is highly toxic and nothing ever gets done about it. 2 Link to comment Share on other sites More sharing options...
jacko45k Posted March 9, 2023 Share Posted March 9, 2023 3 hours ago, proton said: What will the backpackers do? no more 200 baht a night hostels ???? I think this data is more about 5 star places. Quick to respond to demand...... not saying there will not be a trickle down to 4 star and onward. My usual Bolt Hole in Pattaya via Agoda is about where it was a month back. Link to comment Share on other sites More sharing options...
nigelforbes Posted March 9, 2023 Share Posted March 9, 2023 1 hour ago, Robert Tyrrell said: Good Afternoon, 70% Hotel cost up, Are certainly not because of Tourists demand in Thailand, There up because of dismal Tourist numbers !! And TAT spewing there inaccurate Tourism numbers in hopes of stimulating more Tourism in Thailand ???? Nonsense! We've just returned from Hua Hin and Bangkok, high tourist volumes are evident everywhere. Where are you based, in the middle of nowhere! 2 Link to comment Share on other sites More sharing options...
Popular Post Chongalulu Posted March 9, 2023 Popular Post Share Posted March 9, 2023 3 hours ago, hotchilli said: AKA gouging... Responding to supply and demand is not 'gouging'. It is really how it works almost everywhere and in most markets. That’s why your energy costs are multiples of what they were during the pandemic. What do you call it when it works in your favour-are you gouging the hotel? Exactly at this time last year I booked great accommodation in Phuket that was half what you’d normally pay and plenty of availability.This year the price is double and I struggled to get my dates. This is because it’s full of Russians stoking demand ,why should the hotel sell at less than what they can get ? It works both ways. 2 1 Link to comment Share on other sites More sharing options...
shackleton Posted March 9, 2023 Share Posted March 9, 2023 The influx of Russians and Chinese is probably causing the rates to rise Has to be good for Thai Tourism Wait until Songkran ???? 1 Link to comment Share on other sites More sharing options...
superal Posted March 9, 2023 Share Posted March 9, 2023 Strange that Booking.com sent me two 5 star hotels @£23 and £25 a night , below . That price is no boom , rather a reduction . So OK , not in the middle of Pattaya but not far Link to comment Share on other sites More sharing options...
Popular Post nigelforbes Posted March 9, 2023 Popular Post Share Posted March 9, 2023 20 minutes ago, superal said: Strange that Booking.com sent me two 5 star hotels @£23 and £25 a night , below . That price is no boom , rather a reduction . So OK , not in the middle of Pattaya but not far I wouldn't call those 5 star, not by any means, one of them shows up at 885 baht per night! 1 2 Link to comment Share on other sites More sharing options...
Lee65 Posted March 9, 2023 Share Posted March 9, 2023 (edited) Chinese are graciously showing others where not to go. Edited March 9, 2023 by Lee65 1 Link to comment Share on other sites More sharing options...
CartagenaWarlock Posted March 9, 2023 Share Posted March 9, 2023 (edited) They are comparing expensive hotels also. I used to pay $60 for Sofitel during the Pandemic and now I checked in agoda it shows $170. Jasmine city hotel $40 vs $70 now. A cheap hotel like Grand President (closed during the Pandemic) is around $50 which was around $50 in 2019. Bangkok offers a variety of decent hotels at a reasonable price, unlike singapore where low cost hotels are 18 sqm and most probably Geylang neighborhood. Edited March 9, 2023 by CartagenaWarlock Link to comment Share on other sites More sharing options...
sandyf Posted March 10, 2023 Share Posted March 10, 2023 19 hours ago, BestB said: but most importantly to note costs have also gone up, electric almost doubled , so unsure why anyone expects for rates to remain the same It is the same old hypocritical rhetoric. Last year this forum was all for the rise in minimum wage and now complaining about the knock on effect. Larger hotels have always had to follow wage rises, does not affect the smaller ones to the same extent. A couple of years ago I went to my nephew's wedding in NE Scotland, an area that is highly dependent on tourism. I paid more for a B&B in Forres than I did in the Pattaya Holiday Inn a few weeks later, things should be kept in perspective. Scotland justifies the high rates on the basis they only get tourists for part of the year, maybe Thailand plans to follow suit. Link to comment Share on other sites More sharing options...
superal Posted March 10, 2023 Share Posted March 10, 2023 16 hours ago, nigelforbes said: I wouldn't call those 5 star, not by any means, one of them shows up at 885 baht per night! Link please for the 885 baht per night . I have just been online to look at direct booking with the 2 hotels which have some promo . Hotel Alyara starts at 1650 , 1950 & 3500 baht a night . Hotel Crystal Palace stars at 2500 , 3500 & 3800 bahta night . Link to comment Share on other sites More sharing options...
nigelforbes Posted March 10, 2023 Share Posted March 10, 2023 5 minutes ago, superal said: Link please for the 885 baht per night . I have just been online to look at direct booking with the 2 hotels which have some promo . Hotel Alyara starts at 1650 , 1950 & 3500 baht a night . Hotel Crystal Palace stars at 2500 , 3500 & 3800 bahta night . 1 Link to comment Share on other sites More sharing options...
h90 Posted March 10, 2023 Share Posted March 10, 2023 my parents just stay in a hotel...same price as 2019 for the same room. only less staff...the luggage and open the door guys are missing Link to comment Share on other sites More sharing options...
superal Posted March 10, 2023 Share Posted March 10, 2023 14 minutes ago, nigelforbes said: Thanks , what a surprise . Cannot trust theses hotel agencies . 1 Link to comment Share on other sites More sharing options...
NextG Posted March 10, 2023 Share Posted March 10, 2023 18 hours ago, superal said: Strange that Booking.com sent me two 5 star hotels @£23 and £25 a night , below . That price is no boom , rather a reduction . So OK , not in the middle of Pattaya but not far I think they would be happy to describe themselves as 4*. Link to comment Share on other sites More sharing options...
Stargeezr Posted March 10, 2023 Share Posted March 10, 2023 It seems to be the high end hotels that jacked up their prices. I checked with a few guest houses in some places in Thailand and their rates are the same as before. I do not stay in 4 or 5 star hotels anyway. Harvey M Link to comment Share on other sites More sharing options...
Artisi Posted March 10, 2023 Share Posted March 10, 2023 On 3/9/2023 at 5:18 PM, hotchilli said: AKA gouging... Correct, gouging in the extreme - what demands, tourist numbers are down - so it's all bull$hit. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 10, 2023 Share Posted March 10, 2023 57 minutes ago, Artisi said: Correct, gouging in the extreme - what demands, tourist numbers are down - so it's all bull$hit. Some sense spoken at last, you're correct. Tourist numbers are down, and yet they boast of demand for rooms? BS Link to comment Share on other sites More sharing options...
Chongalulu Posted March 11, 2023 Share Posted March 11, 2023 4 hours ago, Artisi said: Correct, gouging in the extreme - what demands, tourist numbers are down - so it's all bull$hit. If the demand isn’t there how are they able to get those prices? -otherwise their hotel would be empty. You may want to inform yourself of the many more Russians (1 million reported fleeing the country ) widely reported filling major Thai (and other) tourist resorts- it’s not difficult. I’m afraid the only bull ???? is your economic understanding. 1 Link to comment Share on other sites More sharing options...
crouchpeter Posted March 12, 2023 Share Posted March 12, 2023 Time to cut right down on international travel unless you're very well-off. Singapore, pre covid was $100 for a clean hotel. Got back yesterday after a month in Europe, and the Singapore hotels were $180 and $300 each. Both excellent. (Wanderlust and Owens House). The $100 hotels come with dirt, cockroaches, an old sock and ants. Disgusting! Singapore: the worlds biggest con. 1 Link to comment Share on other sites More sharing options...
jacko45k Posted March 12, 2023 Share Posted March 12, 2023 30 minutes ago, crouchpeter said: Disgusting! Singapore: the worlds biggest con. There is a big difference between cheap and nice hotels in Singapore..... the price very much so, along with the quality. I always just pay and suck it up.... Link to comment Share on other sites More sharing options...
stoner Posted March 12, 2023 Share Posted March 12, 2023 good morning little buddy. Link to comment Share on other sites More sharing options...
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