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Bangkok Luxury Hotel 1H 2021

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As a result of the impact of COVID-19 on travel, the demand for rooms continues to decline. Foreign tourists arriving in Thailand during the first six months of 2021 totalled only 40,447, a decrease of more than 99.40% y-o-y. Luxury Hotel operators are reliant on domestic tourists and offer special discounts.

The overall supply of luxury hotels in Bangkok in 1H 2021 remained stable at approximately 12,943 rooms. No new luxury hotels have been launched during 1H 2021. Most hotel operators postponed their launch from the first half of last year. The hotel operators may continue to postpone new launch plans as the future of international travel remains in question.

Colliers Thailand forecasts the luxury hotel business in 2H 2021 will continue to decline. However, if the government proceeds to procure vaccines and drive more comprehensive vaccination plans, then this may result in an increase of both domestic and international travel to Thailand. Perhaps luxury hotels will be able to resume >> Full Report in Thai >> DOWNLOAD


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Bangkok Luxury Hotel 1H 2021

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