THAILAND HOTEL MARKET

INTRODUCTION

 Thailand's hotel industry has been fueled by the country's burgeoning tourism sector, which currently holds the ninth position on the list of the world's most visited nations. The primary metrics pertaining to a hotel's efficacy are increasing, as are the number of visitors and the associated revenue. 

Since Bangkok is the country's center for travel and tourism, most hotel constructions in Thailand have historically been located there. In order to increase tourism and revenue from these visits, the government has concentrated on developing other parts of the nation. As a result, better transportation and connectivity infrastructure has been developed and upgraded to areas such as Pattaya, Chiang Mai, Phuket, Koh Samui (Surat Thani), and Karbi.

THAILAND HOTEL MARKET SIZE AND FORECAST

The Thailand hotel market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

THAILAND HOTEL MARKET RECENT DEVELOPMENT

YOTEL has announced the opening of its first hotel in Thailand. The state-of-the-art Cloud 11, a 250,000 square metre ground-up mixed-use development that will serve as a playground for Southeast Asia's makers, artists and digital entrepreneurs, will include the newly constructed hotel when it opens. The largest rooftop park in Thailand, Cloud 11, is a trailblazing sustainable project that serves as the city's urban lung.

Cloud 11 is set to serve as a link between the cutting edge entertainment technologies and the Asian creative industry. It was designed by the globally recognized Snøhetta and A49 Architects for Magnolia Quality Development Corporation Limited (MQDC), a prominent real estate developer in Thailand.

As a center for digital learning and tech innovation, Cloud 11 is the ideal venue for the initial hotel in Thailand and for hosting Generation Go visitors. Their principles are a wonderful fit with MQDC's vision and objective for Cloud 11, hence they are pleased to be the chosen brand for the development.

A significant increase in demand for hotel rooms is also anticipated as the region develops into a linked community for academic institutions, government agencies, commercial enterprises, start-ups, and the top technology firms in the globe. The hotel, which has 250 rooms, will incorporate the newest innovations from YOTEL, such as its renowned robotic concierge, motorized Smart Beds TM, and completely integrated technologies.

THIS THILAND HOTEL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many hotels are manufactured per annum in Thailand? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Thailand hotel and key vendor selection criteria
3. Where is the hotel manufactured? What is the average margin per unit?
4. Market share of Thailand hotel market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Thailand hotel in-house
6. key predictions for next 5 years in Thailand hotel market
7. Average B-2-B hotel market price in all segments
8. Latest trends in hotel market, by every market segment
9. The market size (both volume and value) of the hotel market in 2024-2030 and every year in between?
10. Production breakup of hotel market, by suppliers and their OEM relationship