Thailand with new super powers

Transcription

1 Thailand with new super powers Coveted demand and now stable performance growth Thailand Tourism Forum 2018 Jesper Palmqvist 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval of STR, Inc. or STR Global, Ltd. trading as STR (collectively STR ) is strictly prohibited. Any such reproduction shall specifically credit STR as the source. This presentation is based on data collected by STR. No strategic advice or marketing recommendation is intended or implied.

2 Asia Pacific Hotel Performance Another strong year for most countries around the region 12% 10% New Zealand Malaysia Vietnam 8% 6% 4% 2% Maldives Mainland China Hong Kong Thailand Philippines India Japan Australia Indonesia 0% -2% -4% Singapore Occupancy, ADR, RevPAR Growth FY 2017, Local Currency

3 ASEAN Hotel Performance Supply & Demand Growth, FY % Supply Demand 5% 4% 3% 2% 1% 0%

4 ASEAN Hotel Performance Supply & Demand Growth Selected Countries, FY

5 Thailand

6 For perspective - long term growth Thailand tourism super powers prevailing over time Total Thailand, Monthly Absolute RevPAR Performance, R12 Jan 2000 Dec 2017

7 Thailand Hotel Performance Chiang Mai -3.4% Bangkok +4.6% Hua Hin/Cha Am+5.4% +9.5% Pattaya Phuket +5.7% +0.8% Koh Samui Koh Phangan Krabi -5.7% Yearly RevPAR Growth in Thailand Key Markets, FY 2017, THB

8 Bangkok finding its stride with Australian growth lately Total Bangkok, Yearly Occupancy and ADR Performance, FY 2012 FY 2017, THB

9 Bangkok Hotel Performance Monthly Supply Growth, R12 Jan 2012 Dec 2017 The pace with which new rooms open is not constant

10 Bangkok Hotel Performance Demand keeping up the pace Total Bangkok, Monthly Supply and Demand Growth, R12 July 2016 Dec 2017

11 Alignment after varying journeys Bangkok Monthly RevPAR Growth vs Phuket and Thailand Regional, R12 Jan 2012 Dec 2017

12 Bangkok Hotel Performance Breaking 10yr records for 10 months of the year Total Bangkok, Monthly Absolute Historical RevPAR Range, Jan 2011 Dec 2017, THB

13 Bangkok areas - recent growth pace picking up outside city centre Yearly RevPAR Growth by Submarkets, FY , THB

14 Upper Upscale supply part of the pressure Yearly RevPAR Growth by Class, FY , THB

15 Bangkok Hotel Performance Monthly Demand Growth Transient vs Group, R

16 Independent hotels growing faster at the moment For the past two years pacing with 5-6% points faster compared to chain hotels Bangkok, Monthly RevPAR Growth Chain Hotels vs Independent Hotels, R12 Jan 2012 Dec 2017, THB

17 Bangkok weekdays evening out a bit Friday and Saturday remain the power days, with highest Occupancy Over 80% on an annual basis in 2017 But mid-week is catching up and grew faster in 2017 Saturday and Sunday sees the highest rates, but Monday grew very fast in 2017 New hotel ramp-up in Bangkok varies by class Across all hotels, Occupancy equals the Compset after 18 months and ADR after 2.5 years High-end hotels see both metrics in place after 2 years Upscale & Upper Midscale Hotels see Occupancy up after only a year, but RevPAR and ADR take more than 3 years

18 Bangkok Under Contract Pipeline Expected Additional Rooms in the Market FY , by Total Number of Rooms, as of December 2017

19 Highlights 2017 another solid year Stable performance growth! Demand keeping up with supply for now Planning pace slower New hotel ramp-up in Bangkok varies by class

20 Thank you 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval of STR, Inc. or STR Global, Ltd. trading as STR (collectively STR ) is strictly prohibited. Any such reproduction shall specifically credit STR as the source. This presentation is based on data collected by STR. No strategic advice or marketing recommendation is intended or implied.