HOTEL PIPELINE Bangkok Top's 9,032 New Rooms

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 29 Apr 2010 | 6:00 am

Despite nearly 24 months of political tension in Bangkok the hotel pipeline has continued to surge ahead with 9,032 new rooms now in development. According to data issued by STR Global, for the Asia Pacific region Thailand follows only China (131,175) and India (43,448) with active projects representing an increased supply of 15,449 rooms.

Based on C9 Hotelworks market research there are currently 31 properties with 4,600 rooms under planning and development in Phuket. The nearby resort island of Koh Samui will see 6 new branded hotels with 541 keys set to open over the next 15 months.

Thailand has continued to see substantial new activity for hospitality assets as indicated by strong domestic liquidity, dynamic performance of SET (Stock Exchange of Thailand) listed property firms and high net worth individuals becoming increasingly interested in diversifying into the sector.

While there look to be signs of hotel oversupply and continued trading volatility in many of the country's major tourism destinations; to date this has not severely dampened development.

Viewing STR's Asia Pacific report showing a pipeline of 976 hotels with 249,156 rooms the biggest chain scale segment activity is within luxury and upscale while the economy segment is seeing the smallest growth.

DO YOU LIKE THIS?

Hi Bill

Aside from Shangrila site at Bangtao/Layan what about the other areas next to Tamarind Hills??
Bill Barnett responds:
Assume you mean the Above and Beyond project. This appears to never have finalized. Long term Layan has good prospects as it's Bangtao North, once Shangri La gets untracked and Kajima get their residential development moving things will proceed faster.

Eddie, 30 Apr 2010 | 3:39 am

IT SURPRISES ME THAT THE GROWTH IS THE LUXERY MARKET,THIS HAS BEEN THE HARDEST HIT FOR THE LAST 2 YEARS,AND STILL IS, AS FAR AS REVENUE IS CONCERNED.

I HOPE THESE SPECULATORS HAVE GOT IT RIGHT FOR THERE SAKE.I THINK THERE ARE MORE TOP END HOTELS ETC UP FOR SALE AT THE MOMENT THAN THERE EVER HAS BEEN?.....

J D, 29 Apr 2010 | 12:58 pm

Shame as its the only way that road will get repaired.

Khun Karl, 29 Apr 2010 | 8:32 am

Hi Bill

Is there any news yet about the former Shangri-La site at Bangtao/Layan beach?

Bill Barnett responds:
Project remains suspended and no work on site nor any indications of resumption.

Stuart, 28 Apr 2010 | 11:14 am