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Quarterly growth rate of number of new hotel rooms Thailand 2017-2020

In the first quarter of 2020, the number of new hotel rooms in Thailand decreased by 65.5 percent compared to the previous quarter. This was due to the coronavirus (COVID-19) pandemic. However, it was expected that the Thai hotel industry would slowly recover after the travel restrictions and measures are lifted.

The expansion of the hotel industry

With growing number of foreign visitors annually, the hotel industry has expanded to meet these demands, gradually increasing the number of hotel rooms since 2017. The Thai hotel industry offers a variety of choices in terms of hotel scales, whether it be luxury, upscale, or midscale hotels.

Hotel chains in Thailand

The hotel industry in Thailand comprises of major international chains, domestic chains, as well as independent domestic hotel brands. As one of the world’s leading multinational hotel chains, Accor is considered the major player in the hotel industry in Thailand. In recent years, the number of Accor hotels has increased globally, as a result of expansion in Thailand. Another domestic hotel chain leading the country’s hotel industry is Centara Hotel and Resort (CHR). The chain has also expanded internationally to other holiday destinations around the world.

Quarterly growth rate of the number of new hotel rooms in Thailand from 2017 to 2019 with a forecast for 2020

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Release date

July 2020



Survey time period

Q1 2018 to Q1 2020

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Statistics on "Hotel industry in Thailand"

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