Siam Commercial Bank’s Economic Intelligence Center (SCB EIC) has projected a promising outlook for Thailand’s hospitality sector in 2025, driven by a robust influx of both domestic and international tourists.
Dr Kamolmal Chaenglom, senior analyst at SCB EIC, revealed in a recent study that the hotel industry is expected to experience significant growth in occupancy rates and average room prices. The forecast builds on the continued recovery of international tourism and increasing domestic travel.
In 2024, the nationwide average occupancy rate is anticipated to rise to about 72%, with average room rates projected to increase by 8% compared with 2019 levels. The…
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