Large supply threatens hotel growth
- 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
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Hotel Otaku. Hotel reviewer. Aspiring photographer. Xenodocheionologist.
Zac fuses his lifelong passions for 1. Beautiful Hotels & Resorts, 2. Thailand and 3. Website Design to bring NewThaiHotels to life, sharing the latest information on new and exciting luxury hotel openings in stunning tropical Thailand.