bangkok hotel market report q4 2010 year end
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8/7/2019 Bangkok Hotel Market Report Q4 2010 Year End
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Bangkok Luxury & upper ScaLeHoteL Market report
thailand
.es..
Bangkok Luxury & Upper ScaleHotel Market
ExEcutivE Summary
th L d u sl hl m id shw wss h
s h ail/M disbs d h diil hih ss Q4 did lil is siis.
o Q4 ws js d 60%, ll is blw h Q4
2009.
Middl es, Idi d chis visis i bls h B ism ids
whih is wlm s di h lw ss. Hwv diil is ms, h
mis h u/L sm, mi i h dldms.
F sl i 2011 d 2012 will h s hls’ bili bsb h shs h s 18
mhs.
u sl hls divi s dw m wih Mid hls h m i
sis is d bsisss. L hls hv ll miid hi s wih lss
iiv d hm.
year end 2010 | HOTeL
markEt indicatorS y/y
2009 - 2010
Supply
ratES
occupancy
repar
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BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
COLLIERS INTERNATIONAL | P. 2
hotEl claSSification
BaSic ovErviEw of hotEl claSSification
Whil h thild Hls assii (tHa) izs hls wih
s i, m hls d bid b s i. th i his
sd, cllis Iil thild hv dd lssii
bsd h qli h hl s s hh h s h hl
mm mis d h Biish Hsili assii
lssii.
Bd – hls wih limid iliis. rms siml wih bsi
ishis wih sizs i m 12 18 sq m.
em - mbl, wll qid mmdi, wih -si
Bh / shw m. ri d h s im ssil
si h s wid sihwd svis,
ildi d d di.
Mid sl - hls sll siz s hih s lvls,
d siil qli d iliis. ri d
h h bli ms will b m sis wih mb
ss. all bdms will hv ll si bhms d
d sdd m d qim, sh s hi d, lh
d ilis.
u sl - d l s wll s qli i h ishis,
d d qim, i v h hl. Bdms will ls
sll m s d b wll dsid wih -did
ishis d d. th -si bhms will hv bh bh d
d shw. I will i hih h s vid svis li
i d svi, 24-h m svi, ld d d-
li. th ss will vid hih qli isi.
L - sis d lis mmdi hh h hl,
mhi h hihs iil sdds. Ii dsi shld
imss wih is qli d i dil, m d shisii.
Fishis shld b imml. Svis shld b ml, wll
svisd d wlss i i ss’ ds, wih bi
isiv. th s will dms hih lvl hil
id, i dishs h hihs iil sdds. S will
b wldbl, hll, d id i ll ss sm
, mbii i wih s.
F h ss his h s h wd “hl” shll
h u Sl d L hl is h h sbj his
. Hls blw hs will b mid b hi il
.
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th B is h li’s sh L d u
sl hls i h i d i bi h h bh bsiss d
ism.
Shmvi d phm ph hs is w disi idi d
h li bi h mi ih li im i h i
is. as hs im iliis d sm w i m h sis, l mb hls ls ld w m h mi
Shmvi d. ev wihi his d m sis hv h w mi-
idiis sh s sis 4, 7, 8 11 d 22.
th nh cBD hs is bds dd b phhbi h h
chlmh essw dw rm VI b ls ildi
h rhdis sh Shmvi. this is
ms h l sl shi mlls s wll s s. th
mhsis is mi bsiss vls d mil iss.
th Sh cBD ilds h bdd b Si ph, h sh
sid rm IV, Sh d h s sid ch. I is
imil li s wih limid shi iliis d
sbl im s h ill ivl Shmvi.
th rivsid is h bis l i h u sl d L
sm d is iv li. Hwv sl is limid i hism d Mid-sl hls b d i h . th thbi
sid h is sidd s h sm m s h hl shl
bs h ll l bw h w bs ddd i
ms iss.
th Ws is h ld i s wll s h b
ld i Bmlm. Whils his is wsh wih hl ms,
h u L sl hls ld h d s sh is
sidd i his .
COLLIERS INTERNATIONAL | P. 4
I 2010 l d 1450 ms w ddd sl, wih d
330 ms ddd i Q4 2010. th l mb ms h d
2010 ws iml 15,000.
S: cllis Iil thild rsh
hiStorical Supply By yEar
hiStorical Supply
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
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additional Supply durinG thE yEarS 2000 – 2010
luxury & uppEr ScalE hotEl Supply in BanGkok By location
S : cllis Iil thild rsh
S : cllis Iil thild rsh
Si 2007 wds m h 1,000 ms w ddd v d iml 1,450 ms 2010.
a h il isis d mh di h s 1998 – 2005
w sl ws ddd i h rivsid, Shmvi d es s,
wih l h nh d Sh cBD s mmdi w
hls di his llw id. Sl i h nh cBD hs shw
h bis mvm i h s s m iml 2,650
ms i 2007 m h d 4,000 ms b Q4 2010, v
50% is.
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
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th hihs mb hl ms is ld i h nh cBD ,
si 27% h l. I h w h s h nh
cBD will sill hv h bis sh d m h
js bi ld i h . Sl i h rivsid sill
mis si il w hl is d b mld i 2013.
th l vilbl ld i his smll will sl hm
wh d i sm ws isi hls h rivsid m b
m his lsivi i h .
Whil i v u sl hl ms i sl, hi
i i li L hls s h h .
th nh cBD is h hih d shi mlls mbl
wh avid plis is S pl nji rd is Shhi.th m L sl hls ld h. th rivsid is
ls w s siis d is si li d i
L hls m l sli h hl m. th Sh
cBD is sli bw h s Sh d d rm IV
ii m L hls whils h ld cBD Silm
is mh sh u sl hls.
th Shmvi is i u Sl m
md L s. th m dw h his ms h w L hls ld h. th dis h
es d nh m h li wh L
hls ld i hs s d l limid mb u sl
ms. als hs s hv limid i is iliis.
S: cllis Iil thild rsh
S: cllis Iil thild rsh
BrEakdown of luxury & uppEr ScalE hotEl roomS in BanGkok By location, Q4 2010
Supply By ZonE, aS of Q4 2010
COLLIERS INTERNATIONAL | P. 6
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
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Shmvi is h ms l dvlms i h ,
si 34% ll sl B. M dvls
hv sld dvl hls i his d h vi h
BtS vidd l Shmvi d whih is sibl iss d
bsiss l li s wll s h vib h Shmvi dd is m livl b ss. th li Shmvi hs
m h i hs d sii mb biq sl hls
h hll d iv wihi h hih d sms. M i h
idd, bdd hls. this ss isi
ivsm ih h sbl . Hwv h nh cBD
is b h mi s L sl js d is
li ms h ms siis il , s, mbssis d
BtS is.
alhh thild hs b fid wih mid blms di
h s h s, B sill mis l dsii
i iss d bsiss l d s m ivss i
is i dvli hls i B.
S : cllis Iil thild rsh
cumulativE futurE Supply of hotEl By location, 2011 – 2013
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
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BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
dEmand – occupancy ratE
avEraGE occupancy ratE of luxury & uppEr ScalE hotEl durinG thE yEarS 2000 - 2010
S : cllis Iil thild rsh
av i h ls v s hs b i m lss
sd dli m h hihs 2004 m h 75% d
52% d liil s i B, h wh i w sl, h
l h iis i h i d h lbl mi slwdw.
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BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
avEraGE occupancy ratE of luxury & uppEr ScalE hotEl compariSon BEtwEEn Q4 2009 and Q4 2010 By location
S : cllis Iil thild rsh
I wh is sll h ss qs h
mid i h dldms md wih h vis Q4 i 2009. I
h s w v lw d sill i h nh cBD
whih b ms h b h ss i ail d M. cll h
s h vil i M sill hvi diml h
hl m. this is bbl d di i dv bis
m diil ism ms.
dEmand drivErS focuS
touriSm
GuESt arrivalS at accommodation EStaBliShmEntS in BanGkok durinG thE yEar 2007 –2010
S: Dm tism d cllis Iil thild rsh
rm: e = esimd b cllis Iil thild rsh
alhh ism mbs w s md h vis
q, h s i Q4 2010 sill lw h h s h
sm q. th l mb iss si i hls i 2010 ws
l 11 milli; ds iml 15% m 2009, d h
liil s i Q2. Sm s hv b md i iss
b h i b m hlls mi.
/
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F h s w s s hv b i sd dli s hls d
is i d m h w wh ms i Idi, chi
d rssi. B is isil bmi vl m
dsii sill m asi vls wh is hv
mid s i li h Bh. Hwv h s h
h m is shi h bm i lih id blms bh
iill d dmsill.
S : cllis Iil thild rsh
avEraGE daily ratE By GradE durinG thE yEar 2005 - 2010
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
micE markEt
ratES
th liv MIce m i B is s d h
ss d id i. M izs d w
h h bi i h i di li d h vis
S em md i dil bi is v. ev
sli is blms h i will sill dilis
i h MIce m. th limid hl iliis ls
isi vi s d v s mii m m
h iis i h i h MIce m.
I s bi md m h dmsi MIce m
whih sll bs h lw hl m.
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BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
I h L sm s w lw i 2010 h h sdi
q 2009 h rivsid. I h u sm s
mid il si.
S : cllis Iil thild rsh
avEraGE daily ratE of luxury & uppEr ScalE hotEl compariSon BEtwEEn Q4 2009 and Q4 2010 By location
th wi lls i d m s ld sbsq dmi
ll i rvpar b iml 28% m 2009. this s h ll
s h ail/M id h hl m i B.
S : cllis Iil thild rsh
rEvpar By QuartEr in BanGkok
rEvpar
rvpar is h aDr mlilid b h d is bl h
ms im mi lzi h hlh h hl
ids.
/
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BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
rEvpar of luxury hotElS By QuartEr & location, Q1 – Q4 2010
S : cllis Iil thild rsh
th s v i rvpar ws dd i v whil h
Sh cBD ws lws d s. th vll
m h Sh cBD is lil i d h li
iss h h mi bsiss vls i h h hls.
th rivsid isd s siil h Q4 whil
miii , h h sh is i rvpar.
rEvpar of uppEr ScalE hotElS By QuartEr & location, Q1 – Q4 2010
S: cllis Iil thild rsh
rvpar hls i h rivsid ws h lws i h u sl
. Shvi sd ms Q4 wih l dli i
rvp h Q4 hih ss.
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th will b si h L d u sl hl m i
2011 s d 2,150 ms shdld b mld i h .
Wih i ss i h , li , id lbl
il s d B’s dilis i i visis; i will
b dil s hw sh is b bsbd d
is lil i s. Hwv dvls d hl mm
mis sill h m d i sm ws h hls
bmi viim hi w sss.
th wi mbs iss m w ms sh s Idi, chi
d rssi l s sh h hl m i B. ths
visis l m mil sblishms d i s h
u sl hls i mii his wh m wihsdi dis i s. I h u sl hls ld
d h iliis i d b m i wh is lil b
m -ills sl i.
L hls hv lss m mv d lil mii
s s bs hi l ss d js h h wlhi iss
i mbs. th w sl L hls mi
li v h w s s ms blms his s
ld sli wih . tism mbs m diil
ms e, J d h uSa hw his sm
s. th MIce m is dmi d h liil blms
di iss m i h l. th d h S em ld hl i h .
Whil ism s thild h s l siiv h bi
mb hids blms B s ism dsii. o h
hd hs si iism d dv isil ld b
iis h hv md s is dsiis l l sh s
Hi, phm ph d Vii. F hs si m izd
i wih l is h Si d H k hv isd
hi ms. I Si, i js smll i ld
wih l bh, mmd l h sm mbs
iss s h whl thild. B s i mis mh h
sm s i ws iss s d hs ild sh isl
m visis d vid hm wih s visi
h s im.
piv is is w hd i h m, h i bss
s m iviv biq d s bdd hls h ss
i i isl. Hwv h i d h s whl
im h sms dis m h sii d. th s
“Ld Smils” d lhs is h d s h lishi
bw is d h i is lss wm h i h s; wiss h
m iss di h q wd lhl bs. B
is i h m s is ism l whil H chi Mih ci,
ml is i is l ss. this ss w hlls s h i
ms d m l visi is m hms.
forEcaSt
o s d aDrs h hl i Q4 2010 ws lw
h i h sm id 2009, s rvpar i Q4 2010 ws lss h
2009 m L hls i h rivsid whih dd slih
i.
S : cllis Iil thild rsh
rEvpar of luxury & uppEr ScalE hotEl compariSon BEtwEEn Q4 2009 and Q4 2010 By location
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
/
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BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010
colliErS intErnational thailand
manaGEmEnt tEam
aDVISory SerVIceS | HoSpItaLIty
J M g | Di
reSIDentIaL SaLeS & LeaSIng
n Jhsvsdil | M
oFFIce & InDuStrIaL SerVIceS
nm rdsivh | Si M
retaIL SerVIceS
ashw Wh | Si M
aDVISory SerVIceS
n tihim | assi Di
reaL eState ManageMent SerVIceS
Bdid chi | assi Di
InVeStMent SerVIceS
n Swil | assi Di
Ws rijjl | Si M
reSearcH
a pi | assi Di
Sh kh | Si M
VaLuatIon & aDVISory SerVIceSnihls Bw | assi Di
phhs phmh | assi Di
pattaya oFFIce
M Bwli | Si Sls M
S Sjisi | Si Bsiss Dvlm
M / o M
cOLLIerS InTernaTIOnaL THaILand:
Bo Of 17/F plhi c,2 Shmvi rd, kl,B 10110 thild
tEl +662 656 7000
fax +662 656 7111
Email [email protected]
ptt Of 519/4-5, p Sd rd (osi cl Fsivlp Bh), n, Blm, chbi 20150
tEl +6638 427 771fax +6638 427 772
Email [email protected]
rESEarchEr:
thilda piassi Di | rsh
Email [email protected]
rESEarchEr:
thildSh khSi M | rsh
Email [email protected]
480 s i 61 is 6 is
•th hid ls mmill s svis m ih wld
•th sd ms isdmmil l s bdlbll
•uS$2 billi i l v
•ov 2 billi sq dmm
•ov 15,000 ssils
this d h sh mils m b d wbsi www.llis..h. Qsis ld
imi hi shld b did h rsh Dm h mb idid bv. this dm hs
b d b cllis Iil dvisi d l imi l. cllis Iil ms
s, sis wis id, ssd imlid, di h imi ildi, b
limid , wis , d libili. a isd shld d hi w
iqiis s h h imi. cllis Iil lds qivll ll id imlid
ms, diis d wis isi his dm d lds ll libili lss d dms isi
h m. cllis Iil is wldwid lii iddl wd d d mis.
ali sss.
uid Ss: 135
cd: 39Li ami: 17
asi pi: 194
eMea: 95
BangkOk Luxury & upper ScaLe HOTeL MarkeT repOrT | Q4 2010