![\"Bangkok-Luxury-Hotels-Supply-2018\"](\"https:\/\/ep.co.th\/wp-content\/uploads\/Bangkok-Luxury-Hotels-Supply-2018.jpg\" "\\"Bangkok-Luxury-Hotels-Supply-2018\\"")
<\/p>\nBANGKOK LUXURY HOTELS<\/p>\n
\u201cAlthough overall the Thailand tourism market\u00a0is getting better in 2017, Bangkok luxury hotels still\u00a0could not dramatically increase their rates in\u00a02017.\u201d<\/p>\n
Although many foreign tourists are arriving\u00a0in Thailand, less than half choose to stay in Bangkok luxury hotels<\/p>\n
There are nine to ten Bangkok luxury hotels in the\u00a0pipeline expected to be completed within the\u00a02018\u20132019 period.<\/p>\n
The average occupancy rate for all hotel\u00a0grades in 1H 2018 is also on a positive trend,\u00a0including for luxury hotels.<\/p>\n
The average daily rate in the first half of\u00a02018 may increase from the second half by\u00a0around 2\u20135%, but Bangkok luxury hotels still cannot dramatically increase their rates in 2017<\/p>\n
\t\t\t\t<\/p>\n
The total Bangkok luxury hotel supply as of 2H 2017 was\u00a0approximately 10,689 rooms, with around 473 luxury hotel\u00a0rooms scheduled to be opened in the first half of 2018.<\/p>\n
Luxury hotels in Bangkok became more popular again in 2016, with that trend continuing in 2017 and expected\u00a0beyond, after very limited new luxury hotels were added in\u00a0the market between 2013 \u2013 2015.<\/p>\n
Approximately 2,478 luxury hotel rooms are under construction and expected to be completed in 2018\u20132019.\u00a0Many developers are more focused on upscale hotels or\u00a0lower, which have lower rates compared to luxury hotels and\u00a0are suitable for independent foreign travelers.<\/p>\n
Most new\u00a0hotels completed in the past few years are upscale hotels,\u00a0pushing the total number of upscale hotel rooms in Bangkok\u00a0to 17,343 rooms significantly higher than the number of\u00a0luxury hotel rooms.<\/p>\n
\t\t\t\t![\"Bangkok-Luxury-Hotels-Supply-By-Area-2018\"](\"https:\/\/ep.co.th\/wp-content\/uploads\/Bangkok-Luxury-Hotels-Supply-By-Area-2018.jpg\" "\\"Bangkok-Luxury-Hotels-Supply-By-Area-2018\\"")
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In the past, the Riverside area has been the most popular\u00a0location for Bangkok luxury hotels, due to foreign tourists looking to\u00a0stay in the area near the Chaophraya River and its many\u00a0nearby landmarks of Thai identity. Although most luxury\u00a0hotels were in Riverside area, after the BTS Skytrain opened\u00a0in 1999 many hotels gradually opened in the 2001\u20132017\u00a0period in the Sukhumvit area.<\/p>\n
Approximately 71% of the total of future luxury hotels in\u00a0Bangkok is located in Bangkok\u2019s centre, such as the area\u00a0around Lumpini Park, Silom or Sathorn, and the Sukhumvit\u00a0area. Therefore, these three locations will continue to grow\u00a0in the future, especially the Lumpini area due to the many\u00a0luxury hotels opening there, pushing the total number of\u00a0luxury hotel rooms to 4,066.<\/p>\n
Bangkok\u2019s city centre is most suitable for foreign tourists, due\u00a0to the many shopping malls in the area and the convenience\u00a0of transportation (BTS) to other locales in the city. Therefore,\u00a0most new hotels opened after 2008 have been located in\u00a0Bangkok\u2019s city centre, especially in the area around Lumpini\u00a0Park. In addition, those mixed-use project in Bangkok which\u00a0include, in part, a hotel, mostly have upscale and luxury\u00a0hotels.<\/p>\n
\t\t\t\t![\"Bangkok-Hotel-Arrivals-by-year\"](\"https:\/\/ep.co.th\/wp-content\/uploads\/Bangkok-Hotel-Arrivals-by-year.jpg\" "\\"Bangkok-Hotel-Arrivals-by-year\\"")
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The number of foreign tourists in 2017 was higher than expected\u00a0of the Tourism Authority of Thailand (TAT). The number of\u00a0foreign tourists arrivals in 2017 was around 35 million, a rise\u00a0above 5% from 2016 and foreign tourist revenue from 1.82-1.85\u00a0trillion baht, growing around 8.98-10.78% from 2016. Although\u00a0the Chinese tour group is affected by the policy of illegal tours\u00a0by the government, the Tourism Authority of Thailand<\/a> (TAT)\u00a0see that the policy will be beneficial to the tourism sector in the\u00a0long term. By the year 2018, The Tourism Authority of Thailand\u00a0(TAT) aims to push Thailand\u2019s tourism revenues to Bt2.1 trillion\u00a0or an increase of about 10% from 2017.<\/p>\n The total number of foreign tourists staying in hotels in Bangkok in 2017 was approximately 35 million. Government offices as\u00a0well as hotel owners are forecasting the total number in 2018\u00a0to possibly rise above 5% from 2017. This increasing trend is\u00a0due to many positive factors boosting foreign confidence, both\u00a0for tourists and business persons. All luxury hotels in Bangkok\u00a0are suitable for foreign business persons and investors coming\u00a0to Thailand for short-term business trips.<\/p>\n Thailand is ideally located for all foreign tourists needing to visit ASEAN countries, both for leisure travel and business purposes.\u00a0Therefore, many foreigners have used Thailand as a gateway in\u00a0the past few years, and that trend will continue to grow.<\/p>\n In 2018, the TAT will use food as a way to draw tourists to Thailand to eat and travel and further increase tourist numbers.<\/p>\n \t\t\t\t The average occupancy rate for all Bangkok luxury hotels as of 2H 2017 was around 81%, an increase of around 6%\u00a0from the average rate in 1H 2017. The average occupancy\u00a0rate of all hotel grades in 2H 2017 was approximately 84%,\u00a0also an increase from the average occupancy rate as of\u00a01H 2017, which was approximately 76%. Meanwhile, the\u00a0average occupancy rate for all hotels grades in 1H 2018\u00a0is also trending positively, included for luxury hotels. The\u00a0overall atmosphere regarding Thailand suggests a better\u00a0mood compared to the past few years, although Thailand is\u00a0still waiting for a government election; political and tourism\u00a0outlooks, however, are along positive lines.<\/p>\n Although there\u2019s a tendency of growth in tourists in 2017 luxury hotels are also facing increasing pressure from hotel\u00a0operators, especially ones entering the market who see the\u00a0opportunity to invest in the hotel business.<\/p>\n \t\t\t\t The average daily rate (ADR) of all Bangkok luxury hotels as\u00a0of 2H 2017 was higher than 1H of 2017 of by around 5\u20137%, due\u00a0to luxury hotels gradually increasing their daily rate over the past\u00a0one to two years following more stability in the political arena.\u00a0But the ADR for luxury hotels in Thailand is still dramatically\u00a0lower than in some\u00a0ASEAN countries, such as Singapore and\u00a0Malaysia. Because the political situation in the past few years\u00a0directly affected the daily rate, hotels in Bangkok could not\u00a0increase their rates during the period of political instability.<\/p>\n The ADR in first half of 2018 may see an increase from the second half of 2017 by around 3\u20135%, depending on the tourism market,\u00a0currency exchange, and internal political situation. Even though\u00a0the tourism market may grow in 2018, many foreign tourists will\u00a0choose not to stay in luxury hotels. Therefore, luxury hotels in\u00a0Bangkok still cannot dramatically increase their rates in 2018.<\/p>\nOCCUPANCY<\/h1>\n
Average occupancy rate<\/h2>\n
![\"Bangkok-Hotels-Occupancy-Rate-by-Year\"](\"https:\/\/ep.co.th\/wp-content\/uploads\/Bangkok-Hotels-Occupancy-Rate-by-Year.jpg\" "\\"Bangkok-Hotels-Occupancy-Rate-by-Year\\"")
<\/p>\nADR and RevPAR<\/h1>\n
ADR and RevPar of all luxury hotels<\/h2>\n
![\"Bangkok-Luxury-Hotels-ADR\"](\"https:\/\/ep.co.th\/wp-content\/uploads\/Bangkok-Luxury-Hotels-ADR.jpg\" "\\"Bangkok-Luxury-Hotels-ADR\\"")
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