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Bangkok Braces for Hotel Oversupply as Occupancy Drops Sharply

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Bangkok Braces for Hotel Oversupply as Occupancy Drops Sharply

Hotel occupancy in Bangkok dropped to 75.1% in the first half of the year, despite only modest growth in average daily rates. The sharp fall in Chinese visitors, down by 35%, has left domestic tourism unable to make up the shortfall. Over 5,100 new hotel rooms are due to open this year, creating fierce competition, particularly among mid-range operators. Luxury properties are performing better thanks to wealthier travellers from other markets, but the sector is still depending heavily on the holiday season and major events to boost numbers.

18 minutes ago, Explorator en Actione said:

Occupancy drops sharply, but prices for hotels never drop at all. -  you would think they would learn something from this.

Lowering prices is a loss of face. Look for higher prices.

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