top of page
03_Ananda CH70_Running rooftop_Hires.jpg

Local Real Estate News

Thailand's hotel market ignites once again with increased tourists  and travel restrictions gone

landmark-pagoda-doi-inthanon-national-park-chiang-mai-thailand (1).jpg

Thailand's tourism industry is a major contributor to its economy. The country has always been a top destination for tourists due to its white sandy beaches, crystal-clear waters, vibrant nightlife, and delicious food. However, the pandemic halted the tourism industry for almost two years, causing significant losses to the country. After much anticipation and preparation, Thailand is all set to welcome tourists back as restrictions are lifted and borders are reopening. This has led to a significant surge in the hotel market during the year-end.

 

Table of Contents

 

- Introduction

- Impact of the pandemic on the tourism industry in Thailand

- Reopening of Thailand

- Tourist arrivals in Thailand

- Hotel market in Thailand

 

Introduction

 

The tourism industry plays a vital role in Thailand's economy. It accounts for around 20% of the country's GDP and provides employment to millions of people. The pandemic had a severe impact on the industry, causing many hotels to close down and people losing their jobs.

 

Impact of the pandemic on the tourism industry in Thailand

 

The pandemic severely affected the tourism industry in Thailand. The government had to close the borders, cancel flights, and implement strict measures to control the spread of the virus. This led to a significant drop in the number of tourists, causing many hotels to shut down. The government introduced several measures to help the tourism industry during the pandemic, such as providing financial aid to the hotels and promoting domestic tourism.

 

Reopening of Thailand

 

After much anticipation, Thailand has reopened its borders to tourists, with certain measures in place to ensure the safety of everyone. The government has implemented several protocols, such as requiring a negative Covid-19 test report and mandatory quarantine, to prevent the spread of the virus. These measures have given tourists the confidence to visit Thailand as they feel safe.

Tourist arrivals in Thailand

 

The reopening of Thailand has led to a significant surge in tourist arrivals. According to the Tourism Authority of Thailand (TAT), more than 875,000 tourists visited the country between July and September 2021. This is the highest number of tourist arrivals since the pandemic began.

 

Hotel market in Thailand

 

The surge in tourist arrivals has led to a significant increase in the hotel market in Thailand. Hotels are seeing high occupancy rates during the year-end, and many are even fully booked. According to a survey conducted by Hotelbeds, Thailand is one of the top destinations for tourists during this year-end, with bookings increasing by more than 200% compared to 2020. The demand is so high that several hotels have increased their prices during this time.

 

Conclusion

 

The reopening of Thailand has brought much-needed relief to the tourism industry, and the surge in tourist arrivals has led to a significant increase in the hotel market during the year-end. It's a promising sign for everyone associated with the tourism industry in Thailand.

 

FAQs

 

Q1. Is it safe to travel to Thailand during the pandemic?

 

Yes, the government has implemented several measures to ensure the safety of everyone. Tourists are required to follow the protocols, such as mandatory quarantine and negative Covid-19 test reports.

 

Q2. What is the current occupancy rate of hotels in Thailand?

 

The current occupancy rate of hotels in Thailand is high, and many are even fully booked.

 

Q3. Has the reopening of Thailand affected prices in hotels?

 

Yes, due to the high demand, several hotels have increased their prices during this time.

 

Q4. What measures has the government implemented to help the tourism industry during the pandemic?

 

The government has provided financial aid to the hotels and has been promoting domestic tourism.

 

Q5. Is Thailand a safe destination for tourists?

 

Yes, Thailand is a safe destination for tourists. The country has a low crime rate, and the people are friendly and welcoming.

PUBLISHED : 25 DEC 2022

After much anticipation and preparation, Thailand is all set to welcome tourists back as restrictions are lifted and borders are reopening.

© Revenue Real Estate editorial team 

bottom of page