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Results for "Bangkok" found 183 items
Hotel business in downtown Bangkok continues to grow through the period 2019-2021 in line with growth in the number of visitors to the capital, especially to the city center. It is forecast that in these three years, the number of foreign and domestic tourists staying in hotels in Bangkok will rise by 4% and 7% per year, respectively, and this will then help to lift the occupancy rate for hotel accommodation in downtown Bangkok to 79-80%, compared to a national occupancy rate of 71.5-72.5%.
The market for retail space in the Bangkok Metropolitan Region will remain flat or possibly weaken slightly from the position last year as it struggles against:
Including residences in Bangkok And metropolitan area, commercial buildings in Bangkok And perimeter, industrial estates
The modern trade industry can look forward to average annual growth of 5.0-5.5% over 2024 to 2026. Expansion will be driven by: (i) growth in the economy ; ii)(ii) the continuing rebound in the tourism sector; iii) ; (iii) progress on government-backed infrastructure megaprojects and the drafting of new planning regulations for Bangkok,
In 2021, the housing market in the Bangkok Metropolitan Region (BMR) will remain flat or see only mild growth, premised on: (i) the ongoing spread of COVID-19 and the effects of this on economic recovery, and (ii) steadily rising household debt that is undercutting consumer purchasing power and encouraging lenders to be more careful about the release of new credit.
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