The BigChilli
  • Home
  • ONLINE MAGAZINE
  • News
  • Promotions
  • Features
  • Restaurant Reviews
  • What's on
  • Social Events
  • The BigChilli TV
  • About Us
    • About Us
    • Social Media
    • Pricavy Policy
  • Contact us

Bangkok tourism on the up, says experts

3/2/2015

Comments

 
Picture
THAILAND’S tourism industry has turned the corner after a very difficult 2014, bouncing back in the fourth quarter with strong growth, according to data released exclusively at Thailand Tourism Forum 2015 by STR Global.

Held at InterContinental Bangkok and now in its fourth year, a record number of delegates totalling over 500 from throughout Asia gathered to gleam insights from industry leaders on Thailand’s tourism industry at the hospitality event. 
STR’s Area Director for Asia Pacific, Jesper Palmqvist, revealed the staggering decline for most of 2014 with year-over-year (YoY) occupancy falling by -11.3%, mostly driven by Bangkok, which saw a decline YoY of -16.2%. This is against a backdrop of almost half the year at -20% and worst months where it was over 30% down. 

However, recovery started to emerge late Q3, and in Q4 numbers really turned around for Bangkok. After the dismal start to the year, RevPAR (Revenue Per Available Room) increased by +2.5% YoY in the last quarter. 

Occupancy in December for Bangkok was one of the highest ever recorded by STR Global since 2000 and, when comparing quarters, Q4 2014 showed the best occupancy Bangkok has seen since 2006. Moreover, RevPAR was the second best Q4 for the last decade suggesting that six to nine months is the new recovery time norm for Bangkok. 

Organised by AMCHAM Thailand and leading hospitality consultancy C9 Hotelworks, ThailandTourism Forum 2015 was opened by SC Capital Partners Founder and Chairman, Suchad Chiaranussati. 
Comments
    Picture
    Picture
    Picture
    Picture

    Calendar of events



    Picture
Picture
About  |   Emag  |  Subscribe (print)  |  Newsletter |  Contact Us  | Advertise 

FOLLOW US

CURRENT ISSUE

2019 - 2021 so Far

The BigChilli July 2020
Jan 2021
FEB 2021
March 2021
April 2021
May 2021
June 2021
August
October
November 2021
December 2021
March- April 2022
Copyright © 2018 The BigChilli Co., Ltd. All Rights Reserved.
No. 8/2 FMA Group Bldg., 4th Floor, Room 401
Convent Road, Silom, Bangrak, Bangkok 10500

Tel: 02 635 5085 Fax: 02 635 5086  email: thebigchillimagazine@gmail.com

  • Home
  • ONLINE MAGAZINE
  • News
  • Promotions
  • Features
  • Restaurant Reviews
  • What's on
  • Social Events
  • The BigChilli TV
  • About Us
    • About Us
    • Social Media
    • Pricavy Policy
  • Contact us