Connect with us


Hotel investment in Thailand likely to decline on AEC opening



Hotel investment in Thailand likely to decline on AEC opening | Thaiger


– Thailand news selected by Gazette editors for Phuket’s international community

Hotel investment in Thailand likely to decline on AEC opening
The Nation / Phuket Gazette

PHUKET: Investment in new hotels in Thailand is expected to slow next year as many key players concentrate on newly opened markets to cash in on the opening of the Asean Economic Community (AEC), according to the president of the Thai Hotels Association (THA).

However, Thailand will remain one of the most attractive destinations in the region, with expectation of 28 million arrivals, up from a revised target of 25 million to 26 million this year.

THA president Surapong Techaruvichit said the formulation of the AEC next year would have both positive and negative impacts on the Thai tourism sector. On the negative side, new investment here will likely slow compared with earlier decades when hundreds of hotels opened. Operators, especially international chains, are now seeing big opportunities in other countries such as Laos, Vietnam and Myanmar.

In Laos alone, international brands such as Ramada, InterContinental, Crown Plaza, Sofitel and Marriott are set to open doors in Vientiane by 2019. Mercure, Ibis and Best Western are already there.

Investors from Thailand, Singapore, and other countries are also moving to newly opened markets including Myanmar, Vietnam and Cambodia.

“Many new international and local hotels have already opened in the Thai market. It’s time to expand into neighbouring countries,” Surapong said.

In the meantime, he said, the Thai tourism sector would gain a lot benefit from the AEC as many skilled workers would come in to fill jobs where local labour is in short supply, such as housekeeping, as well as medium and high management.

“Local workers need to improve their skills, especially languages,” Surapong added.

Thanate Vorasaran, vice president of the Tourism Council of Thailand, warned that illegal workers from Laos, Myanmar, Cambodia, Vietnam, India and Pakistan might arrive in increasing numbers after the AEC takes effect.

— Phuket Gazette Editors


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Video7 hours ago

Timeline of the mass shooting in Thailand

Crime8 hours ago

Finnish CEO detained for alleged mistreatment of 1,100 Thai berry pickers

Thailand8 hours ago

Thailand News Today | No drugs detected in system of daycare center killer

Sponsored2 days ago

Segafredo Zanetti Coffee teamed up with Bangkok Airways and hosted “Bangkok Airways Surf Festival 2022”

Myanmar8 hours ago

Burmese junta sentences Japanese journalist for sedition and other charges

Thailand9 hours ago

Thai woman & foreign men charged for child sex trafficking in Pattaya

Guides9 hours ago

10 strange laws to be aware of in Thailand

Join the conversation on the Thaiger Talk forums today!
Thailand9 hours ago

Love rat Thai soldier threaten’s Israeli husband of adulterous wife

Best of9 hours ago

Outstanding halal restaurants in Bangkok

Pattaya9 hours ago

Pattaya dwellers want public restrooms built faster at pier

Thailand9 hours ago

No Buddhist temples willing to cremate body of daycare centre killer

Phuket10 hours ago

AI upgrade planned for pier in Phuket

Medical10 hours ago

When snakes strike, why not call for the chicken-ass squad?

Crime10 hours ago

Massacre in Thailand: No drugs detected in system of daycare centre killer

Thailand11 hours ago

Woman’s body in suitcase identified as Lao millionaire

Crime11 hours ago

Massacre in Thailand raises questions on gun control

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11