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Thailand Viewpoint – Retail Occupiers and Landlords must adapt to Chinese Tourism Growth October 2017
Tourist arrivals to Thailand have continued to set new records in 2017, with 26.1 million arrivals up to the end of September, an increase of 5.2% y-o-y. Around 28% of tourist arrivals this year have come from China, with Q3 2017 arrivals up 11% y-o-y.
The increase in the number of Chinese tourists has greatly benefitted retailers in Bangkok and Thailand’s major resort destinations. This ViewPoint by CBRE Thailand Research explains Thailand’s popularity as a shopping destination for Chinese tourists; analyses Chinese tourists’ spending patterns and its impact on retailers; and identifies the strategies adopted by retail landlords seeking to capitalise on the rapid growth in Chinese arrivals.