Large supply threatens hotel growth
- Filed under News
- Posted on Thursday, 28 September 2017 00:10
- By Zac Erawan
Tourism to Thailand has been growing, causing Thailand’s hotel sector to be one of the few sectors to experience growth. Bangkok hotel’s had a 73% occupancy rate in the second quarter, their best in several years.
Unlike the situation in other countries, hotels in Thailand have not had to deal with competition from Airbnb. This is because Thailand prohibits rentals of less than one month without a hotel license.
Developers are building new hotels to keep up with demand. Over the next four years, approximately 10,600 new rooms are scheduled to be completed.
Read more: Large supply threatens hotel growth – Bangkok Post
Zac Erawan
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