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The flood situation in the Southern region from November 17-25, 2025, has caused damage across 12 provinces. Currently, 9 provinces remain affected:

Demand to buy and lease industrial estate in Thailand in 2020-2022 will continue to grow from 2019 after the sluggish situation

The hotel business will enjoy a steadily improving outlook over the next three years. However, recovery will remain only sluggish through 2022 given the limited number of tourist arrivals, and in particular the continuing depressed state of the Chinese market, where the government is still strictly implementing Zero-COVID policy. In addition, the global economy is facing significant headwinds as a result of the outbreak of Russia-Ukraine war, and this too is weighing on the industry. Nevertheless, the number of foreign arrivals should build at an accelerating rate through 2023 and 2024, and by 2025, the industry is expected to return to its pre-COVID level of 38-40 million arrivals annually.

Over the next three years, domestic economic growth will translate into rising investment in the manufacturing sector, and this will in turn herald an improving outlook for operators of industrial estates. The total footprint of land sold and leased on industrial estates is therefore expected to surge by 18.0-20.0% annually over 2023-2025 to 2,200, 2,700, and 3,000 rai (1 rai = 0.16 hectares) in each of these years.

The hotel business is expected to continue growing well during 2019-2021, with foreign and Thai tourists expected to expand

Following a sharp contraction in 2020, over the period 2021 to 2023, demand for land (to buy or rent) on Thai industrial estates is forecast to grow by an average of 20% per year.

Business of retail space for rent in Bangkok And metropolitan areas during 2019-2021 are likely to grow in line with d

The hotel industry will continue to see improving conditions over 2024 to 2026, helped by ongoing government support for the industry and the annual foreign arrivals returning close to their pre-pandemic level of 38-40 million by 2025. Meanwhile, domestic tourists are also expected to be making 200 million trips annually by 2025

The retail rental market is expected to gradually recover from 2025 to 2027. This recovery will be driven by a slow rebound in consumer purchasing power due to a weakening domestic economic outlook impacted by ongoing escalation of global trade tensions. Nevertheless, well-designed sites in high-potential downtown locations that are popular with tourists and that serve office workers in the CBD will continue to see steady demand

Over 2022 to 2024, the warehousing industry will improve with recovery in manufacturing and exports, expansion in the online retail and logistics sectors, development of new projects in industrial estates, special economic zones, and the EEC, and investment by the government in infrastructure and transportations networks that will increase regional connectivity