Quarterly Highlights

•   Thailand tourism was hit badly in Q1 2020 by the COVID-19 outbreak and travel restrictions. Tourist arrivals to Thailand decreased 38.0% Y-o-Y from 10.8 million arrivals to 6.7 million arrivals.

•   Chinese tourist numbers plunged 60% Y-o-Y from 3.1 million arrivals to 1.2 million arrivals, the lowest figure in six years.

•   Q1 occupancy rate was 54.7%, decreasing 29.0 percentage points Y-o-Y. ADR decreased 11.9% Y-o-Y to THB 3,209 and RevPAR had a significant drop of 40.0%       Y-o-Y to THB 1,831 in the quarter.

•   There were 6 new hotel openings in Q1 2020 with 1,165 keys.

•   Hotel supply in Downtown Bangkok was 49,559 keys in Q1 2020, increasing 4.0%     Y-o-Y.