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  1. #1
    Thailand Expat Backspin's Avatar
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    Thailand to gain 31,000 new hotel rooms

    The TOPHOTELPROJECTS construction database reveals that Thailand’s hotel pipeline is looking promising, with established travel destinations set to see the most rapid growth.

    In the next few years, 126 hotels with 31,053 keys are due to open across Thailand, our research team reports. We take a closer look at these upcoming launches.

    Thailand’s hotel openings by date

    Despite the ongoing Covid-related travel restrictions facing many international tourists, Thailand’s hotel sector seems to have high hopes for the future. In the second half of 2021 alone, 32 properties with 2,400 rooms are scheduled to go live across the country.

    Another 27 projects with 6,977 rooms are in the works for 2022, while 22 schemes with 5,239 keys have been pencilled in for 2023. Meanwhile, 45 schemes and 12,437 rooms are already on the cards for 2024 and beyond.

    Of Thailand’s 126 new hotels, 55 will be in the five-star luxury segment, while the remaining 71 will be in the four-star category.

    Full story: Country overview: Thailand to gain 31,000 new hotel rooms [Infographic] | TOPHOTELNEWS

    -- Top Hotel News 22 Aug 21

  2. #2
    Thailand Expat Backspin's Avatar
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    Looks like insanity to me. We have hotels being closed down yet here they are building more.

    Its all the result of hot developer money sloshing around from the covid QE bailouts. And its not restricted to Thailand. Its happening all over. Just like 2007-2008 before the financial crisis. Or 1997.

  3. #3
    Thailand Expat havnfun's Avatar
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    No doubt Backspin, Money is sloshing around, and yet the good olle USA is about to flood us with another 3.5 Trillion US Dollars. If ever you wanted to take down a country?

  4. #4
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Backspin View Post
    Its all the result of hot developer money sloshing around from the covid QE bailouts. And its not restricted to Thailand.
    You seem unclear whether you're talking about the world or about Thailand, a mistake you make quite frequently.

    Your thread title is focussed on Thailand, then you're all over the shop. Then we've got deeks prattling on about the effect on 'us' of 3.5 trillion dollars.

    This thread has all the focus of a beagle on meth - after just three posts.

  5. #5
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    Hotels For Sale Thailand, 171 Available To Buy Now
    Hotels For Sale Thailand, 171 Available To Buy Now

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    Hotel / resort for Sale in Thailand | Dot Property

  6. #6
    Thailand Expat Backspin's Avatar
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    Quote Originally Posted by cyrille View Post
    You seem unclear whether you're talking about the world or about Thailand, a mistake you make quite frequently.

    Your thread title is focussed on Thailand, then you're all over the shop. Then we've got deeks prattling on about the effect on 'us' of 3.5 trillion dollars.

    This thread has all the focus of a beagle on meth - after just three posts.
    Fair point but there's a reason. Basically every country had the same reaction to covid. Expand money and credit. The developed world and especially the US has printed the most this time and this has a trickle down effect to countries like Thailand. Unlike the 90's , the hot money from the US and China is the main driver of this lunacy. Its not coming from an over levered Thai banking system.

    But basically the world financial system has gone Wiemar. Some places are worse than others.

  7. #7
    Thailand Expat Backspin's Avatar
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    Its hard to overstate how fuct up the financial system is. This makes zero sense. But its happening

  8. #8
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    Does anyone have experience of Alternative State Quarantine hotels?

  9. #9
    Thailand Expat
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    Quote Originally Posted by Switch View Post
    If he bothered to read the link, many of the places featured are existing hotels, who are reducing the number of rooms, and trying to take existing 4* hotels up market. The thread title is therefore erroneous. Not new additional hotel rooms at all. Simply a reduced number of rooms in failing hotels.

    Nothing new for Backspin.
    To befair, that isn't what I read in the article. Correct or not, I don't know, it refers to 'new' hotels in several places. Are they not new?:

    Of Thailand’s 126 new hotels, 55 will be in the five-star luxury segment, while the remaining 71 will be in the four-star category.
    Bangkok, the country’s capital, will see by far the highest number of openings – 46 new hotels will add 12,045 rooms to this well-established market.
    IHG’s signature brand, InterContinental Hotels & Resorts, will grow its local footprint by six hotels and 1,166 rooms. Another of the company’s flags, Holiday Inn Hotels & Resorts, will add five properties and 2,684 keys to its portfolio.
    Finally, Citadines Apart’hotels will also launch five new properties, catering to the rapidly increasing demand for extended-stay hotels in the country.
    Down in the capital, The Ritz-Carlton Bangkok will offer 259 rooms and suites within One Bangkok, a new lifestyle development currently being built near the city’s Embassy Row and Lumpini Park, by mid-2025.

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