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Bangkok poised to become global ‘mega city’, say tourism key players

BANGKOK: Industry experts at the Thailand Tourism Forum (TTF) 2018 predict that Bangkok is on the cusp of emerging as the world’s next “mega-city” and that within five years the rapid expansion of Bangkok’s Metro systems will succeed in opening up unprecedented spaces in the city and with it huge opportunities for the travel and tourism industry.


By The Phuket News

Monday 22 January 2018, 07:40PM


From left: STR Global Area Director Asia Pacific Jesper Palmqvist; Sansiri CEO Apichart Chutrakul; and TTF 2018 Co-Organiser and Managing Director of C9 Hotelworks Bill Barnett.

From left: STR Global Area Director Asia Pacific Jesper Palmqvist; Sansiri CEO Apichart Chutrakul; and TTF 2018 Co-Organiser and Managing Director of C9 Hotelworks Bill Barnett.

Sansiri CEO Apichart Chutrakul gave the key note interview to open TTF 2018 on ‘MEGACITY BANGKOK – A Tourism and Hotel Futurescape’ to a packed ballroom of almost 700 travel industry delegates from Thailand and across the region at the InterContinental Bangkok, notes a release issued today (Jan 22).

As such, Sansiri PLC, one of Thailand’s most prominent real estate developers, will bring one of the most dynamic New York hospitality brands to Bangkok – The Standard – in a major foray into hospitality as they seek to bring new cutting edge brands to the city, noted the release.

In the opening remarks to the forum, TTF 2018 Co-Organiser and Managing Director of C9 Hotelworks Bill Barnett said, “In five short years the electric metro across Greater Bangkok will reach a length of 464 kilometres. This will surpass London who stand at 402 km with their underground and New York City’s subway which measures 380km.

“The great promise of the East has now become the new West. Important will be the access to three international interconnected airports – Suvarnabhumi, Don Mueang and U-Tapao.” he added.

Global research firm STR’s Area Director for Asia-Pacific Jesper Palmqvist added that Bangkok was on a strong growth trajectory in terms of hotel performance and infrastructure development would only support this further.

New Paths Retreat

“With almost three years of stable growth in terms of hotel performance, Bangkok has firmly put the 2014 decline far behind. By November 2017, RevPAR had grown 3.4% year-over-year, and this against a backdrop of some reasonable strong supply increase at 4.1%,” Mr Palmqvist explained.

“The impressive numbers are held up by an ever-stable demand growth of around 5% for 18 months after the comeback in 2015, but hotels have also been able to increase rates by more than 2% even with new competing product coming to market.

“But it’s not just short-term – no less than seven of the months in 2017 saw 10-year records in absolute RevPAR performance – that’s a sign of very strong growth during the past 10 years for the mega city,” he added.

In addition to Sansiri CEO Mr Apichart and STR Global’s Mr Palmqvist, speakers and panellists at TTF 2018 included: Minor Hotel Group CEO Dillip Rajakarier, ICONSIAM Managing Director Supoj Chaiwatsirikul, Horwath HTL Director Nikhom Jensiriratanakorn, IHG Director of Operations for Thailand & Indochina Thomas Schmelter, JLL’s Managing Director for Investment Sales for Asia Mike Batchelor, IHG Group’s Director of Operations - Thailand & IndoChina Thomas Schmelter, and many more.

Thailand Tourism Forum is an annual event held every January and organised by the American Chamber of Commerce (Amcham) Thailand and hospitality consultancy C9 Hotelworks. Now in its sixth year, the event attracts leading industry speakers and a growing number of delegates from around the region. Thailand Tourism Forum offers delegates a unique opportunity to hear hospitality leaders and experts candidly discuss the industry and a forum to take a closer look at numbers, evaluate risk and learn more about important new trends in tourism across all Thai travel destinations.

 

 

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