THAILAND: 74 New Hotels For Thailand

Tourism is booming worldwide - and especially in Thailand. The tourism revenue is growing in the Southeast Asian country annually by more than six percent. This attracts also new investments, currently 74 new hotels and resorts with a total of more than 15,200 rooms are in the pipeline for Thailand.

The InterContinental Hotels Group relies on the holiday destination of Phuket and develops a resort with 454 rooms. The resort will include 75 private apartments and 13 hillside villas as well as gardens. The opening is planned for 2019. The group already operates 19 properties in Thailand.

Another major project is the Grand Hotel Eastin Grand Phayathai in the capital Bangkok, a luxury hotel with 569 rooms opening should be end of 2019. Also in the capital, a new business hotel with 442 rooms, the Grande Centre Point Hotel will open its doors at the end of this year.

The number of foreign guests recently grew in Thailand by around three percent. It has been estimated that this number will increase by another 17 percent within the next ten years. Currently Chinese guests are, with 25 percent, the largest group of tourists in Thailand.