Pattaya Hotel Market Report H2 2010
by Colliers International Thailand on Mar 25, 2011
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Issues relating to Bangkok are a thing of the past as tourists flock once again to Pattaya....
Issues relating to Bangkok are a thing of the past as tourists flock once again to Pattaya.
Limited new supply over the past few years has allowed for some breathing space for the hotel industry during the difficulties in Thailand since 2006. Around 1,950 rooms were added to supply in all categories for 2010 raising the total number of rooms to 45,600.
The greater range of Mid Scale hotels has allowed the industry to compete on price to a greater extent than Bangkok. However more Upper and Luxury scale hotels are expected to enter the market as the city continues to redefine itself as an international resort with top class facilities.
Russians and Chinese are the dominant foreign tourism markets for Pattaya while new growth markets from India, Iran and Vietnam are beginning to emerge.
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