According to STR Global, Thailand's RevPAR grew
15.4% to THB2,232 in 2012.
The returning demand levels (+13.3%)
helped boost occupancy 10.0% to 69.2% and grew ADR 4.9% to
Thailand has been undergoing a strong recovery from
recent political turbulences and severe flooding, as Bangkok,
Phuket, Koh Samui, Pattaya and Chiang Mai illustrated growth in
all three performance metrics.
"The increase in hotel
performance was underlined by the growing numbers of visitors to
the country as
Thailand welcomed 22.3 million visitors in 2012,"
said Elizabeth Randall Winkle, managing director of STR Global.
Koh Samui achieved the highest ADR (THB6,910) out of all Thai
markets, due to a concentration of luxury hotels. A substantial
occupancy growth of 27.1% helped fuel a RevPAR increase of 29.4%
to THB4,224. This was accelerated by demand growth
of 31.3%, while supply saw a comparatively moderate increase
Although Hua Hin/Cha Am was the only market to
experience a decline in ADR (-2.2%); its RevPAR was sustained
(5.0%) by an increase in occupancy of 7.3%.
increases were most prominent in the country's capital of Bangkok
(+4.3%), where 2,993 rooms were opened in 2012. However, the
capital still achieved the second highest demand increase (+15.6%)
behind Koh Samui (+31.3%), followed by Chiang Mai (+14.3%), Hua Hin/Cha Am (+11.5%), Pattaya (+9.8%) and Phuket (+4.4%).
After Koh Samui, Chiang Mai exhibited the strongest RevPAR growth
(+19.3% to THB1,721) and occupancy growth (+13.4%).
"Tourism in places like Chiang Mai, located in the northern
mountainous part of Thailand, is not as popular of a location as Bangkok and other sought-after beach destinations," Randall Winkle
said. "However, despite Chiang Mai having the lowest ADR
(THB2,825) of the key cities, it showed growth in all three
performance metrics, illustrating promising demand for this market
and type of destination."
STR Global currently tracks hotel
performance from more than 49,000 rooms across Thailand.
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