Bangkok’s resort business reported the second-highest month-to-month common day by day charge (ADR) on document available in the market, in line with preliminary January 2023 knowledge from STR.
- Occupancy: 67.5%
- Common day by day charge (ADR): THB 4,338.82
- Income per obtainable room (RevPAR): THB 2,930.15
December 2022 was the one different month with ADR above THB 4,000 in Bangkok. The market’s January ADR degree was 21.5% above the pre-pandemic comparable from 2019, whereas occupancy and RevPAR remained beneath the 2019 comparables by 19.7% and a pair of.4%, respectively.
When taking a look at day by day knowledge, Bangkok’s highest occupancy ranges had been seen on Thursday, 26 January (77.1%) and Friday, 27 January (78.6%), helped by prolonged Chinese language New Yr celebrations and preliminary demand from worldwide Chinese language guests following the nation’s reopening. General, the market’s day by day occupancy ranges remained above the 60% mark all through the month.
STR offers premium knowledge benchmarking, analytics and market insights for international hospitality sectors. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of economic actual property data, analytics and on-line marketplaces. For extra data, please go to str.com and costargroup.com.