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HOTEL PIPELINE Bangkok Top's 9,032 New Rooms

Category: Hotels, Posted:29 Apr 2010 | 06:00 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.

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