TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

C9 Hotelworks Releases Thonglor Bangkok Market Update

Category: Hotels, Posted:27 Jul 2018 | 15:40 pm

More branded serviced apartment operators to enter expat-oriented Thonglor market in Bangkok as demand shifts to short-stay due to surging leisure market and lagging number of Japanese expatriates according to C9 Hotelworks new Thonglor Bangkok Serviced Apartment Market Review.

For at least a decade, Thonglor has been known to be Bangkok’s trendiest neighborhood. However, what really makes the area unique is the perfect combination of urban peace and chic nightlife, which is not commonly found in Sathorn or Asoke.

Thonglor today though is an expat-oriented district in contrast with the past when it was Japanese-centric. Thus, the demand of serviced apartments has been driven by expatriates, the majority of which are Asian. Japanese residents once accounted for 90% of the market while their share today has reduced to 65% according to our market research. Many serviced apartments, therefore, have adjusted their business model and designs to short/leisure-stay transient focused guests versus the traditional Japanese long-stay business client.

Two notable projects in the pipeline to keep an eye on are Ascott Thonglor and Staybridge Suites. With a total of 753 units entering the market, competition is ramping up. Moving forward, we expect as lower growth in supply of serviced apartments challenged by a scarcity of land and higher development costs.

To download the full report CLICK

Other News

Read more

New C9 Hotelworks Bali Report Released

Category: , Posted:16 Mar 2024 | 08:49 am Bali is back and tourism is booming. Did you know in 2023 5.3 million international visitor arrivals and nearly 10 million domestic travelers went to Bali? Read the latest on one of Asia’s best-known travel destinations in C9 Hotelworks and Horwath HTL Bali Hotel and Branded Residences 2024 report. Top tourism source markets include Australia, […]
Read more

C9 Hotelwork’s Releases Philippines Branded Residences Report

Category: Real estate, Posted:25 Feb 2024 | 19:51 pm The Philippines branded residences market is experiencing a significant maturation, impacted by urbanization and a post-pandemic shift in lifestyle changes. The market is poised for a high level of growth. C9 Hotelworks newly released Philippines Branded Residences Market Update shows a 105% increase in the pipeline, translating to an additional 5,599 units supplementing the current […]
Read more

Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
SiaJai logo

Thailand's Leading Homecare Marketplace