Bangkok adds 15 new hotels in 2024

The city’s total room count is now at 84,789.

Bangkok added 15 new hotels in 2024 according to data from Knight Frank, contributing 3,226 additional keys and bringing the total room count to 84,789. The new supply reflects a diverse range of offerings, from economy hotels like Holiday Inn Express Bangkok Central Pier to luxury developments such as Dusit Central Park, The Ritz-Carlton, and Grande Centre Point Lumpini.

“The majority of new openings were concentrated in the upper-midscale and upscale segments, led by brands like Moxy, Mercure, Hilton Garden Inn, and The StandardX,” the report added.

Here’s more from Knight Frank:

Key areas for growth include Silom - Sathorn, which remains a prime location for hotel development, solidifying its position as both a business and leisure hub. Lumpini - Siam is also experiencing notable growth, while the Riverside area is increasingly attractive for upscale developments, with properties such as Hilton Garden Inn and Glow Bangkok Riverside enhancing the appeal of waterfront accommodations.

International hotel brands, including Marriott, Accor, Hilton, and IHG, continue to dominate the market, although local brands such as Dusit and Grande Centre Point remain competitive. Large-scale developments highlight the strong investor confidence in Bangkok’s hospitality sector, with significant openings like Moxy Ratchaprasong (532 keys) and Grande Centre Point Lumpini (512 keys) reflecting a trend toward high-capacity hotels in prime locations. Smaller boutique hotels, such as The StandardX (62 keys) and Lumen Udomsuk (102 keys), are targeting lifestyle-oriented travellers and niche markets.

There is also growing interest from regional and Japanese operators. This is reflected in the entry of Sotetsu Grand Fresa Bangkok (126 keys), signalling increased Japanese investment in the market. At the same time, Thai operators like Cross Hotels (Lumen Bangkok Udomsuk Station) and Baiyoke Group (Queensland Hotel Bangkok) are continuing to expand, adding diversity and fostering stronger competition in the midscale and upper-midscale segments.

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Knight Frank

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