Overall, the supply of luxury hotels in Bangkok at the end of 1H 2020 was approximately 12,269 rooms. There was new supply of luxury hotel in 2 new locations in the area of Lumpini and Sukhumvit with 687 rooms. It is currently under construction and is expected to be completed in 2H 2019 with approximately 1,329 rooms. Some hotels have been postponed from in 1H 2020 and the launch plans may be revised in the 2H 2020 if economy has not been improved.
Colliers International Thailand recommends that hoteliers should focus on minimizing cost savings during this period in order to sustain the business to go on. If the income operators are unable to adjust to accept them in a timely manner, it may result in the closure of the businesses. The hotel operators have to carefully pay attention to hygiene, including screening and health care for incoming tourists. This includes preparing personnel and actions after the business is resumed in order to prevent the spread of the COVID-19 to come back. Full Report in Thai >> DOWNLOAD