The cost of business travel to Bangkok has risen moderately by 4%, making it the 24th most expensive destination in Asia, while Singapore ranks second after Hong Kong this year, says ECA International (ECA).
According to the Daily Rates report by ECA, the typical daily cost of business travel to Bangkok has risen to US$278 a day. The marginal uptick was caused by a slower post-pandemic recovery in popular Thai cities.
Lee Quane, regional director, said cities such as Pattaya and Chiang Mai all witnessed small rates of growth in local currency terms in 2022, ranging from 1-3%. Meanwhile, hotel rates have been suppressed by low demand compared to pre-pandemic levels.
In 2023, Bangkok’s rank for business travel cost declined from the previous year. The Thai capital fell four spots…
