The number of hotel rooms in Bangkok grew 12.1 percent year-on-year with the completion of six new hotels in the first half of 2013, lifting the total to 37,500 in downtown Bangkok, according to the latest survey by CBRE Thailand, a leading international property consultant.
CBRE estimated the would be an 4,400 additional keys by the end of 2015, bringing the total to almost 42,000. This projection represents an 11.9% increase on current figures.
Almost all of the new hotels are high-rise buildings. The most popular area for hotel development remains the Ploenchit/Sukhumvit area with 65% of the total hotel supply and four out of six new hotels opened in this area. The Silom/Sathorn area accounted for 21% of the total hotel stock while the Riverside area accounted for 14%.
Approximately 2,250 new rooms at various levels of accommodation will be completed in the second half of 2013.
CBRE said the level of competition due to new openings is still high, although the supply trend this year is certainly encouraging for the industry with the number of construction permits declining significant over the past two years, the Bangkok Post reported.
