Quarterly Highlights

•   Tourist arrivals reached 10.6 million in Q1 2018, increasing Y-o-Y by 15.4%. Chinese tourist arrivals continued to grow at a staggering rate, with a 30.2% Y-o-Y at 3.2 million compared to 2.4 million last year.

•   Q1 occupancy increased by 2.4 percentage points Y-o-Y to 85%, best Q1 performance since 2008. ADR performance was strong, increasing by 7% Y-o-Y to THB 3,749. This was the highest Y-o-Y increase for Q1 in the past five years.

•   Three new hotels were opened in Q1 2018 with 274 keys: Hotel Tranz, Akara Bangkok and Vince Hotel Elite Tower.

•   Hotel supply in downtown Bangkok was 45,006 keys in Q1 2018, a 5.8% increase from Q1 2017.