Commercial Hotel

The luxury segment will account for over half of this new supply.

The hotels will add 1,031 rooms to the market.

One is The Standard at Mahanakorn which is set to be Bangkok’s tallest building.

Six properties are expected to open within this year.

Investment volumes increased 33% to $6.8b in H1 alone.

Room supply increased by 7.1% per annum between 2014 and 2019.

Despite high airline ticket prices and new widespread Covid-19 variants, we have seen a surge in the demand for travel across regions which have eased...

Over 2,000 rooms were added to the inventory in 2021.

Over 2,000 rooms were added to the inventory in 2021.

This is a 3% increase from the previous year.

One of the key openings will be the 527-room Parkroyal Collection.

Occupancy was at 37.4% in the same period last year.

This equates to 7,000 keys.

Approximately 1,550 new rooms will enter the market this year.

More investors are looking for suitable assets for such conversion.

There has not been any significant distressed assets in the sector despite the pandemic.