Bangkok Hotel Market Report Q4 2010 Year End

8/7/2019 Bangkok Hotel Market Report Q4 2010 Year End

http://slidepdf.com/reader/full/bangkok-hotel-market-report-q4-2010-year-end 1/17

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



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

.





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 .


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



http://slidepdf.com/reader/full/bangkok-hotel-market-report-q4-2010-year-end 5/17COLLIERS INTERNATIONAL | P. 5

additional Supply durinG thE yEarS 2000 – 2010

luxury & uppEr ScalE hotEl Supply in BanGkok By location

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.




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.



BrEakdown of luxury & uppEr ScalE hotEl roomS in BanGkok By location, Q4 2010

Supply By ZonE, aS of Q4 2010







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.


cumulativE futurE Supply of hotEl By location, 2011 – 2013





dEmand – occupancy ratE

avEraGE occupancy ratE of luxury & uppEr ScalE hotEl durinG thE yEarS 2000 - 2010


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.






avEraGE occupancy ratE of luxury & uppEr ScalE hotEl compariSon BEtwEEn Q4 2009 and Q4 2010 By location


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.

/



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.


avEraGE daily ratE By GradE durinG thE yEar 2005 - 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.






I h L sm s w lw i 2010 h h sdi

q 2009 h rivsid. I h u sm s

mid il si.


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.


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.

/




rEvpar of luxury hotElS By QuartEr & location, Q1 – Q4 2010


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


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.



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.


rEvpar of luxury & uppEr ScalE hotEl compariSon BEtwEEn Q4 2009 and Q4 2010 By location


/




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


rESEarchEr:

thilda piassi Di | rsh


rESEarchEr:

thildSh khSi M | rsh


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


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Bangkok Hotel Market Report Q4 2010 Year End