Thailand’s hotel investment sector to reach a record high this year

Published on : Wednesday, February 15, 2017

thailandA property consultant has declared that the field of hotel investments in Thailand is quite likely to witness a record high in 2017 though there has been a sharp decline last year.


In terms of baht, the hotel investments have slumped from 11.3 billion in 2015 to 9.6 billion in 2016. However, this year, it is expected that the total would reach 20 billion baht, as believed by the JLL’S Hotels and Hospitality Group.


The firm has projected this kind of figures based on the number of hotel sales that are likely to be concluded this year. This includes the sale of the 10.8 billion baht Swissotel Nai Lert Park.


JLL said that Thailand had been a spectator to robust investment activity in the year 2016 with more than 10 hospitality and hotel assets that have been sold in Bangkok and major provinces. Out of these, five assets were brokered by JLL on behalf of the sellers.


However, the volume was down by 15% from last year.


This was mainly on account of a lack of hotels that were on sale after the Swissotel Nai Lert Park deal that was to be completed in 2017. The sale of hotels like Liberty Garden Hotel and Eight Thonglor were some of the key hotel sales that have been recorded over the year.


Other important hotel transactions were spread across other interesting tourist hubs that include Phuket, Pattaya, Chiang Rai, Hua Hin, Koh Samui and Phang Nga.


And the other hotel deals took place in Nakhon Ratchasima that is the northeast gateway city and the industrial town of Sri Racha. A majority of the hotels sold last year had been bought by Thais. On the other hand, institutional investors from Singapore and Hong Kong were also active buyers who were responsible for about 45% of the transaction volume.


The data released by the Tourism Authority of Thailand says that the increase in the number of tourists to Thailand has been constant with a 10-year compound annual growth rate of 8.9%.


For the first time in 2016, the total international arrivals in Thailand reached the 30 million mark.


It is expected to reach the 35 million mark in 2017. Mike Batchelor who is the managing director of Investment Sales Asia, JLL’s Hotels and Hospitality Group said that there has been a high degree of interest from both regional and international investors.


Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 11 MALT 2019
  • 13 ATRTCM 2019
  • 13 Food Hospitality2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019


    1. OTM Mumbai

      January 23 - January 25

      January 23 - January 24
    3. FITUR 2019

      January 23 - January 27

      January 24 - January 27
    5. FERIEN 2019

      January 24 - January 27
Get our toolbar!
Review on