Key Takeaways
- In 2023, Thailand's hotel industry generated total revenue of approximately 285 billion THB, reflecting a 18.2% year-on-year growth driven by post-pandemic recovery.
- The luxury hotel segment in Thailand contributed 42% of total hotel revenues in 2023, amounting to 119.7 billion THB.
- Midscale hotels in Bangkok accounted for 25% of national hotel revenue in Q4 2023, generating 17.8 billion THB.
- Thailand hotel industry revenue per available room (RevPAR) in Bangkok averaged 2,450 THB in Q1 2024.
- National average daily rate (ADR) for hotels in Thailand rose 12.3% to 3,200 THB in 2023.
- Phuket's luxury hotels achieved 85% occupancy with ADR of 8,500 THB in December 2023.
- Thailand total hotel room supply reached 850,000 rooms by end of 2023.
- Bangkok added 5,200 new hotel rooms in 2023, increasing inventory by 4.2%.
- Phuket hotel pipeline includes 12,000 rooms under construction for 2024-2026.
- Thailand welcomed 28.15 million international tourists in 2023, boosting hotel stays.
- Chinese tourists numbered 3.5 million in 2023, occupying 22% of hotel rooms.
- Average length of stay in Thai hotels was 4.2 nights for internationals in 2023.
- Thailand hotel industry employed 450,000 direct workers in 2023.
- Hotel jobs grew 12% to 520,000 including indirect in 2023.
- Bangkok hotels employed 180,000 people in 2023.
Thailand's hotel industry rebounded strongly in 2023 with robust revenue growth across all segments.
Employment and Economic Impact
- Thailand hotel industry employed 450,000 direct workers in 2023.
- Hotel jobs grew 12% to 520,000 including indirect in 2023.
- Bangkok hotels employed 180,000 people in 2023.
- Female workforce in Thai hotels was 58% or 261,000 in 2023.
- Average hotel worker salary 18,500 THB/month in 2023.
- Phuket hospitality jobs totaled 95,000 in peak season 2023.
- Training programs certified 25,000 hotel staff in 2023.
- Turnover rate in hotels dropped to 22% in 2023 from 35% pre-pandemic.
- Chefs and kitchen staff: 120,000 employed in hotels 2023.
- Front desk and concierge roles: 80,000 workers nationwide 2023.
- Housekeeping staff numbered 150,000 in Thai hotels 2023.
- Management positions grew 8% to 35,000 in 2023.
- Foreign workers in hotels: 45,000 mostly from Laos and Myanmar 2023.
- Part-time seasonal hires peaked at 100,000 in high season 2023.
- Hotel industry contributed 5.2% to Thailand GDP in 2023.
- Tax revenues from hotels totaled 42 billion THB in 2023.
- Supplier spending by hotels: 120 billion THB supporting 300,000 jobs 2023.
- Digital skills training reached 15,000 hotel employees in 2023.
- Sustainability roles created 5,200 new jobs in hotels 2023.
- Pattaya hotel employment 65,000 workers in 2023.
- Chiang Mai hotels hired 28,000 staff amid tourism boom 2023.
- Labor productivity in hotels improved 10% to 450,000 THB/worker 2023.
- Unionized hotel workers: 12% or 54,000 in major chains 2023.
- Youth employment (under 25) 28% of hotel workforce 2023.
Employment and Economic Impact Interpretation
Guest and Tourist Statistics
- Thailand welcomed 28.15 million international tourists in 2023, boosting hotel stays.
- Chinese tourists numbered 3.5 million in 2023, occupying 22% of hotel rooms.
- Average length of stay in Thai hotels was 4.2 nights for internationals in 2023.
- Domestic tourists stayed in hotels 120 million nights in 2023.
- Europeans accounted for 18% of hotel guests, 5.1 million arrivals in 2023.
- Malaysians topped ASEAN visitors at 4.2 million, high hotel occupancy in south 2023.
- 65% of hotel guests in Phuket were international in 2023.
- Female travelers made up 52% of hotel check-ins nationwide 2023.
- Business travelers occupied 28% of hotel rooms in Bangkok 2023.
- Families with children represented 35% of resort hotel guests in 2023.
- Solo travelers increased to 22% of total hotel guests in 2023.
- Indian tourists hit 1.6 million, preferring luxury hotels 15% share 2023.
- Koreans numbered 1.1 million hotel guests in Thailand 2023.
- Australians stayed 1.9 million nights in hotels during 2023.
- Russians recovered to 1.5 million visitors, beach hotels favorite 2023.
- Millennials (25-40) comprised 48% of hotel bookers in 2023.
- High-season (Nov-Feb) saw 70% foreign guests in hotels 2023.
- LGBTQ+ travelers estimated at 8% of hotel market in 2023.
- Adventure tourists booked 12% more hotel nights in north 2023.
- Wellness seekers occupied 15% of spa hotel rooms 2023.
- MICE delegates filled 2.5 million hotel nights in Bangkok 2023.
- Digital nomads estimated 150,000 long-stay hotel guests 2023.
- Repeat visitors 42% of total hotel guests in 2023.
- Vietnamese tourists 920,000, preferring budget hotels 2023.
- Singaporeans 1.2 million hotel stays, short trips dominant 2023.
- US travelers 450,000, luxury segment 25% 2023.
Guest and Tourist Statistics Interpretation
Occupancy and ADR
- Thailand hotel industry revenue per available room (RevPAR) in Bangkok averaged 2,450 THB in Q1 2024.
- National average daily rate (ADR) for hotels in Thailand rose 12.3% to 3,200 THB in 2023.
- Phuket's luxury hotels achieved 85% occupancy with ADR of 8,500 THB in December 2023.
- Bangkok hotel occupancy recovered to 72% in 2023, up from 55% in 2022.
- Midscale hotels in Pattaya had 68% occupancy and 1,800 THB ADR in 2023.
- Chiang Mai hotels averaged 65% occupancy with RevPAR of 1,650 THB in 2023.
- Krabi resort occupancy peaked at 82% in high season 2023, ADR 4,200 THB.
- Samui hotels reported 75% annual occupancy and 5,100 THB ADR in 2023.
- Hua Hin occupancy averaged 62% with RevPAR growth of 15% to 2,100 THB in 2023.
- Budget hotels nationwide had 58% occupancy and 1,200 THB ADR in 2023.
- Upscale hotels in Thailand saw ADR increase to 4,800 THB, occupancy 70% in 2023.
- Independent hotels occupancy was 60% with RevPAR 1,450 THB in 2023.
- Bangkok CBD hotels achieved 78% occupancy in Q4 2023, ADR 3,900 THB.
- Phuket airport area hotels had 92% occupancy during peak 2023.
- Pattaya beachfront occupancy 71%, ADR 2,500 THB annual average 2023.
- Northern Thailand hill resorts occupancy 55% off-season, rising to 80% peak 2023.
- Riverside Bangkok hotels averaged 68% occupancy, RevPAR 2,800 THB 2023.
- Wellness hotels in Thailand had 74% occupancy and 6,200 THB ADR in 2023.
- Eco-hotels occupancy reached 67%, with premium ADR of 4,100 THB in 2023.
- Boutique hotels in secondary cities averaged 59% occupancy in 2023.
- MICE hotels in Bangkok hit 82% occupancy during events in 2023.
- Airport transit hotels occupancy 88% in 2023 at major hubs.
- Heritage site hotels near temples averaged 64% occupancy in 2023.
- Luxury beach resorts ADR soared to 12,000 THB with 84% occupancy peak 2023.
- Urban mid-tier hotels RevPAR 1,950 THB at 66% occupancy 2023.
Occupancy and ADR Interpretation
Revenue and Market Size
- In 2023, Thailand's hotel industry generated total revenue of approximately 285 billion THB, reflecting a 18.2% year-on-year growth driven by post-pandemic recovery.
- The luxury hotel segment in Thailand contributed 42% of total hotel revenues in 2023, amounting to 119.7 billion THB.
- Midscale hotels in Bangkok accounted for 25% of national hotel revenue in Q4 2023, generating 17.8 billion THB.
- Thailand's hotel RevPAR grew by 22.5% in 2023 to reach 2,150 THB, led by Phuket and Bangkok markets.
- Independent hotels in Thailand saw revenue increase of 16.7% in 2023, totaling 68.4 billion THB.
- Resort hotels in southern Thailand generated 92 billion THB in 2023, up 24% from 2022.
- Bangkok's hotel market revenue hit 110 billion THB in 2023, with international brands dominating 60% share.
- Thailand's hotel industry market size was valued at USD 12.5 billion in 2023, projected to grow at 7.8% CAGR to 2030.
- Upscale hotels in Chiang Mai contributed 8.2 billion THB to revenues in 2023, a 19% rise.
- Total hotel EBITDA in Thailand reached 75 billion THB in 2023, with margins improving to 28%.
- Budget hotels nationwide generated 45 billion THB in 2023, capturing 15.8% market share.
- Phuket hotel revenues surged 32% to 65 billion THB in 2023 due to Chinese tourist influx.
- Pattaya's hotel sector revenue grew 14.5% to 22 billion THB in 2023.
- Krabi hotels reported 18 billion THB revenue in 2023, up 21% YoY.
- Samui island hotels achieved 28 billion THB revenue, with 25% growth in 2023.
- Hua Hin hotel revenues totaled 15.5 billion THB in 2023, driven by domestic travel.
- Thailand hotel online revenue share reached 55% of total in 2023, valued at 156 billion THB.
- Corporate hotel bookings contributed 12 billion THB to Thailand's industry in 2023.
- Event and MICE hotel revenues in Bangkok hit 35 billion THB in 2023.
- Wellness resort hotels generated 18.5 billion THB in Thailand in 2023.
- Eco-hotels in Thailand saw revenues of 9.2 billion THB in 2023, growing 28%.
- Boutique hotels nationwide contributed 22 billion THB to 2023 revenues.
- Timeshare and condo-hotels added 7.8 billion THB to Thailand's hotel revenues in 2023.
- Airport hotels in Thailand generated 12.4 billion THB in 2023.
- Riverside hotels along Chao Phraya contributed 8.9 billion THB in 2023 revenues.
- Hill station hotels in northern Thailand totaled 11.2 billion THB revenue in 2023.
- Beachfront hotels captured 38% of total hotel revenues at 108 billion THB in 2023.
- Urban hotels in secondary cities generated 28 billion THB in 2023.
- Heritage hotels in Ayutthaya and Sukhothai added 4.5 billion THB to 2023 totals.
Revenue and Market Size Interpretation
Supply and Inventory
- Thailand total hotel room supply reached 850,000 rooms by end of 2023.
- Bangkok added 5,200 new hotel rooms in 2023, increasing inventory by 4.2%.
- Phuket hotel pipeline includes 12,000 rooms under construction for 2024-2026.
- Number of hotels in Thailand totaled 18,500 in 2023, with 2,100 in Bangkok.
- Pattaya hotel room count stands at 85,000 rooms as of 2023.
- Chiang Mai has 42,000 hotel rooms, growing 3% annually in 2023.
- Krabi added 2,800 rooms in 2023, total inventory 28,000 rooms.
- Koh Samui hotel rooms number 22,500 in 2023, with luxury focus.
- Hua Hin hotel supply reached 35,000 rooms by 2023 end.
- Independent hotels represent 45% of total room supply in Thailand at 382,500 rooms in 2023.
- Luxury hotels account for 12% of rooms, totaling 102,000 rooms nationwide 2023.
- Budget segment has 320,000 rooms, 38% of Thailand's total in 2023.
- New hotel openings in Bangkok: 15 properties with 3,200 rooms in 2023.
- Phuket beachfront rooms: 45,000 out of 65,000 total hotel rooms in 2023.
- Northern Thailand added 1,500 rooms in hill stations during 2023.
- Condo-hotel units in Thailand reached 50,000 by 2023.
- Wellness resorts supply grew to 15,000 rooms in 2023.
- Eco-certified hotels: 1,200 properties with 25,000 rooms in 2023.
- Boutique hotels: 3,500 properties, 45,000 rooms nationwide 2023.
- MICE venues with hotels: 450 properties, 120,000 rooms in 2023.
- Airport hotels: 8,000 rooms across major airports in 2023.
- Riverside hotels in Bangkok: 25,000 rooms in 2023.
- Heritage hotels: 800 properties with 12,000 rooms near cultural sites 2023.
- Urban secondary cities hotel rooms totaled 150,000 in 2023.
Supply and Inventory Interpretation
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