After the death of the King of Thailand last year, the government asked the people and businesses to avoid over-the-top festivities and celebration for the next 12 months. The cremation ceremony was completed last month and the mourning face is over for the Kingdom of Thailand. Events and celebrations are expected to come back more lively than ever this month of November until December. It is also predicted that affordable hotel in Bangkok will be fully booked for the coming holiday season.
Thai Hotels Association’s president, Supawan Tanomkieatipume, said that businesses from both local and international scene are planning to hold a variety of celebrations and events before the year ends. Business is booming once more for hotels and business meeting rooms alongside the food and beverage sector.
Mrs. Supawan added that majority of the companies in the city are planning to have their annual meetings in the last two months of 2017. They are planning to bid this year goodbye through lavish parties and events.
There were no extravagant celebrations the previous year because of the government’s mandate and it is expected to resume in 2017.
Thai Hotels Association is expecting the increase of arrivals in foreign travellers especially from countries such as China, Hong Kong and Southeast Asia. They are expected to spend their New Year’s in the city of Bangkok while demand will also increase for other parts of Thailand such as Chiang Mao, Pattaya and Phuket.
There is an overflowing demand for advanced bookings and the average rate for occupancy in the hospitality sector is predicted to grow 5 per cent compared to the last quarter of the previous year which sets it to 60 per cent. The occupancy rate in Thailand as a whole is expected to increase between 65 and 70 per cent for this year.
The hotel and entertainment industry of the country felt a decline in revenue from October of 2016 until September of 2017. They are now bouncing back to life as bookings in affordable hotel in Bangkok starts to roll in. it is expected that the hotel industry will be able to recover before the start of next year as the tourists come flocking back in the country.