• Thailand’s tourist arrivals in Q3 2018 grew by 3.2% Y-o-Y to 9.1 million arrivals. Chinese tourist arrivals fell by 8.8% Y-o-Y at 2.4 million arrivals compared to 2.7 million arrivals in the same period last year due to the tragic boat incident in Phuket. Part of the growth was due to a 40.5% increase in Malaysian arrivals.
• The occupancy rate for downtown Bangkok hotels was 79.7%, increasing by 0.9 percentage points Y-o-Y. ADR increased by 4.3% Y-o-Y to THB 3,320.
• Five downtown Bangkok hotels opened in Q3 2018 with 959 keys.
• Total hotel supply in downtown Bangkok was 46,460 keys in Q3 2018, increasing by 6.6% Y-o-Y.