{"id":1972,"date":"2018-07-09T05:49:34","date_gmt":"2018-07-09T05:49:34","guid":{"rendered":"https:\/\/ep.co.th\/?p=1972"},"modified":"2018-07-09T05:51:19","modified_gmt":"2018-07-09T05:51:19","slug":"bangkok-has-made-a-new-record-of-international-arrivals-again-so-whats-next","status":"publish","type":"post","link":"https:\/\/ep.co.th\/bangkok-has-made-a-new-record-of-international-arrivals-again-so-whats-next\/","title":{"rendered":"Bangkok has made a new record of international arrivals again, so what\u2019s next?"},"content":{"rendered":"

Bangkok has made a new record\u00a0of international arrivals again,\u00a0so what\u2019s next?<\/h3>\n

Following a robust year in 2016, the growth momentum\u00a0continued in 2017, and is fully expected to continue on\u00a0into 2018. The city\u2019s upbeat performance is a fruition of\u00a0hoteliers\u2019 hard work and a little bit of luck when China\u00a0shut the door to South Korea and Mount Agung in Bali did\u00a0Thailand a big favour. The Bangkok hotel market enjoyed\u00a0booming demand across the board with gravitation\u00a0toward intraregional travels.<\/p>\n

2018 outlook remains bright and positive but what lies ahead? One must ask oneself, \u201cAre we reaching the peak\u00a0after a long uphill battle or this is simply a moment before a
\nflight takes off?\u201d<\/p>\n

In all fairness, it is the million dollar question. Despite big numbers of visitation statistics, we must not forget that\u00a0the two Bangkok airports, the city\u2019s heart and soul feeding\u00a0tourists to all hotel submarkets, are operating beyond\u00a0capacity. Until bottlenecks are unlocked, we will likely see\u00a0smaller waves of single-digit growth for consecutive years.<\/p>\n

Mass tourism could lose its way to repeat success stories\u00a0as owners and developers, local and international, are\u00a0jumping on the bandwagon and supply is playing catchup.\u00a0 Identifying a niche spot and crafting an irreplicable\u00a0product would prove to be a strenuous task but eventually\u00a0rewarding with a competitive advantage from high
\nbarriers to entry.<\/p>\n

There are plenty of beautiful properties built without knowing customer profile and they are ready to undercut\u00a0one another for survival. When the going gets tough, the
\ntough get going.<\/p>\n

So, infrastructure is a first and foremost step to success. This is attested by developed metropolises like Singapore,\u00a0Tokyo and Hong Kong commanding big bucks of tourism\u00a0spending. New demand generators are being developed\u00a0as we see more (mega) mixed use complexes sprawling\u00a0throughout Bangkok.<\/p>\n

\"Premium<\/a>

Premium Beachfront land for large hospitality or residential development<\/a><\/p><\/div>\n

The goal is to capitalize on a new genre of discerning and\u00a0experiential travellers who pay for what they value rather\u00a0than a good value for money. If things go as planned\u00a0in an orderly and coherent fashion, everyone\u2019s hope of\u00a0witnessing Bangkok benchmarked with other big names\u00a0will not be just a dream.<\/p>\n

It is great to think long term, but regardless the city\u2019s\u00a0destiny may be decided at the upcoming election,\u00a0scheduled in early 2019. Another\u00a0domestic quarrel with bad press could send the hotel\u00a0market back to where it had been not long before. Then,\u00a0hoteliers can only wink and wait patiently for the blue sky\u00a0after a big storm as tourists start to play a merry-go-round\u00a0again.<\/p>\n

Bangkok Visitor Arrivals<\/h3>\n

Bangkok has gained significant popularity\u00a0in the travel and tourism industry.\u00a0MasterCard ranked Bangkok as the top destination city\u00a0by international visitor arrivals in its Global Destination\u00a0Cities Index, and Euromonitor International ranked\u00a0Bangkok fourth in its Top City Destinations Ranking.<\/p>\n

The city offers a wide range of tourism products from exquisite temples and palaces in the old quarter to modern recreational amenities including culinary\u00a0adventure, night life, shopping and spa. MICE (Meeting,\u00a0Incentive, Convention and Exhibition) and medical tourism\u00a0in Bangkok are also enjoying international presence.<\/p>\n

\"\"<\/p>\n

The city is a commercial and transport hub of Thailand\u00a0and the Indochina region where long-haul business\u00a0and leisure travellers fly into and\/or use as a base to\u00a0catch domestic or regional carriers to other destinations.\u00a0Thailand has been the largest feeder market for Myanmar,\u00a0Laos and Cambodia as local airlines in these countries\u00a0are at an inaugural stage. In return, Bangkok captures\u00a0their growing outbound travel demand.<\/p>\n

Bangkok is also a connecting hub for travellers from China and Australia to South Asia, particularly India\u00a0and Pakistan. Providing direct connectivity with these\u00a0major countries creates immense travel opportunities.\u00a0Furthermore, Bangkok is one of a few cities outside
\nSouth Asia that operates direct scheduled flights to\u00a0Bhutan, an upmarket vacation destination with a\u00a0minimum daily spending requirement.<\/p>\n

Credit to\u00a0Nikhom Jensiriratanakorn, Director, Horwath HTL<\/a><\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bangkok has made a new record\u00a0of international arrivals again,\u00a0so what\u2019s next? Following a robust year in 2016, the growth momentum\u00a0continued in 2017, and is fully expected to continue on\u00a0into 2018. The city\u2019s upbeat performance is a fruition of\u00a0hoteliers\u2019 hard work and a little bit of luck when China\u00a0shut the door to South Korea and Mount…<\/p>\n","protected":false},"author":5,"featured_media":1503,"comment_status":"open","ping_status":"open","sticky":false,"template":"tpl-full-width.php","format":"standard","meta":[],"categories":[13,46,45,44,47],"tags":[48,49],"yoast_head":"\nBangkok has made a new record of international arrivals again, so what\u2019s next? - Hospitality Property Thailand<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bangkok has made a new record of international arrivals again, so what\u2019s next? - Hospitality Property Thailand\" \/>\n<meta property=\"og:description\" content=\"Bangkok has made a new record\u00a0of international arrivals again,\u00a0so what\u2019s next? 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