Daily Archives: January 30, 2018

Bangkok To Become A Megacity In The Next Five Years

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If you are a business traveller, one of the best places where you can stay is business district hotel in Bangkok to save on the time and effort of travelling. The hotel is also near several places of entertainment including shopping malls so that you can relax after meetings and conferences. The Lumpini Park is just opposite the hotel if you want a taste of nature.

According to industry experts, Bangkok has to leverage on tourism and the hospitality industry if it wants to become a megacity in the next 5 years. According to Jesper Palmqvist, area director for Asia-Pacific at global research firm STR, hotel performance and infrastructure development will continue to grow in Bangkok because of positive investor and consumer sentiment. This will also strengthen tourism and hotel business as well as major tourist destinations in the country.

Bangkok has enjoyed 3 years of stable growth in terms of hotel performance. Last November 2017, revenue per available room grew by 3.4% year-on-year with a reasonable supply increase of 4.1%. Growth is supported by a stable demand of about 5%. Hotels were able to increase rates by more than 2% even with the presence of competing products in the market.

According to Mr. Palmqvist tourism will continue to grow forward because of the wide range of tourist products and services that are being offered most particularly gastronomy. Thai cuisine is known all over the world unlike local cuisines from other countries in Southeast Asia. However, not all hotels will enjoy the advantages of large tourist arrivals. In the Sukhumvit area of Bangkok, some of the hotels may underperform compared to other hotels in the city because of competition.

Bill Burnett, managing director of C9 Hotelworks, in the next 5 years, the electric subway of Bangkok will span 464 kilometres. It will be longer than London’s 402km and New York’s 380km subways.

In order to stay competitive, business district hotel in Bangkok offers discounts and benefits to those who book directly through the hotel website. The hotel also offers exquisitely designed and furnished rooms that will ensure your comfort for the duration of your stay in Bangkok.