Suvarnabhumi airport is packed with travellers after the country opened its borders.
Confidence in the hotel and hospitality market in Asia Pacific continues to grow as borders reopen and operating performance recovers to pre-pandemic levels, according to a new report by the international property consultancy CBRE.
The recovery is still largely driven by domestic demand, with international arrivals accelerating in markets, including Southeast Asia, that have loosened entry and quarantine restrictions and are now open to all arrivals.
CBRE forecasts tourism arrivals within the region will reach pre-pandemic levels by 2024, with hotel performance to reach 2019 levels in the same period.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
