Thailand's Hotels in Record Territory

(Source: Travel Weekly China)

Latest STR figures show Thailand's absolute occupancy level in August 2017 was the highest for any August on record in the country.

According to Thailand's Ministry of Tourism and Sports, the country welcomed a record 3.13 million tourists in August, which falls in the market's typical low tourism season.

STR analysts note that a stronger Thai baht has yet to deter international visitors, and demand growth (+5.3%) outpaced supply growth (+2.9%) for the month.

Thailand currently has 100 hotel projects in the pipeline, accounting for 21,615 rooms, which represents 11% of the country's existing hotel supply.