Global News

Bangkok hotels posted second-highest ADR on record in January

Bangkok’s hotel industry reported the second-highest monthly average daily rate (ADR) on record in the market, according toThe Standard Bangkok Mahanakhon preliminary January 2023 data from STR.

  • Occupancy: 67.5%
  • Average daily rate (ADR): THB 4,338.82
  • Revenue per available room (RevPAR): THB 2,930.15

December 2022 was the only other month with ADR above THB 4,000 in Bangkok. The market’s January ADR level was 21.5% above the pre-pandemic comparable from 2019, while occupancy and RevPAR remained below the 2019 comparables by 19.7% and 2.4%, respectively. When looking at daily data, Bangkok’s highest occupancy levels were seen on Thursday, 26 January (77.1%) and Friday, 27 January (78.6%), helped by extended Chinese New Year celebrations and initial demand from international Chinese visitors following the country’s reopening. Overall, the market’s daily occupancy levels remained above the 60% mark throughout the month.

Tags: ADR, Bangkok hotels, January, second-highest

Media,

Related Articles

Related Courses

You might also like:

Advertisements
  • Cendyn 240 400 2404
  • Duetto Trends
Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Leading solution providers:

Advertisements