Insight

Hotels & Hospitality

Thailand welcomed ~35.5M international arrivals in 2024 (vs 39.9M pre-COVID 2019 peak); tourism revenue ~THB 1.9T (~12-13% GDP including indirect). Listed hotel operators: MINT, CENTEL, AWC, DUSIT, ERW, SHR, LRH. Chinese, Indian, MICE, health-tourism demand drives 2026-2028 outlook; Phuket, Pattaya oversupply constrains aggregate ADR recovery.

Last updated: April 2026

Reports in this sector

5

Market profiles

9

Cited sources

71

Primary-grade share

79%

Key statistics

Public reference figures, each linked to source-level context.

2024
~35.5M

Thailand international arrivals

MOTS, TAT arrivals statistics

2024
~THB 1.9T

Thailand tourism revenue

MOTS, BOT Tourism BoP, NESDC

FY2024
~THB 150B

Minor International FY2024 revenue

Minor International FY2024 Form 56-1

FY2024
~THB 24B

CENTEL FY2024 revenue

CENTEL FY2024 Form 56-1

2024
~6.7M

Chinese arrivals to Thailand

MOTS Chinese arrival statistics

2024
~2.1M

India arrivals to Thailand

MOTS India arrival statistics, TAT

2024
~750K

Thailand registered hotel rooms

Thai Hotels Association, DBD hotel licensing

Market profiles in this sector

9 free profiles tied to reports, filings, regulations, and source-backed context.

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Company/operator
SET:MINT

Anantara Hotels, Resorts and Spas (Minor International)

Global luxury hotel brand operated by Minor Hotels (SET: MINT); 30-plus Anantara properties in Thailand and expanding Asian, Middle Eastern, and European footprint.

5 reports
Company/operator
SET:AWC

Asset World Corporation

TCC Group (Charoen Sirivadhanabhakdi) hotel, retail, mixed-use real-estate platform; FY2024 revenue ~THB 20B.

7 reports
Company/operator
SGX:B58

Banyan Tree Holdings

Singapore-listed luxury hotel group; Banyan Tree, Angsana, Cassia brands; operates Laguna Phuket integrated resort (SET: LRH).

4 reports
Company/operator

BKK Social Club (Four Seasons Bangkok)

Award-winning rooftop bar at Four Seasons Hotel Bangkok at Chao Phraya River; ranked in Asia's 50 Best Bars.

1 report
Company/operator
SET:ERW

The Erawan Group

Listed branded-hotel owner, Hop Inn economy chain; FY2024 revenue ~THB 7B.

7 reports
Company/operator

Mandarin Oriental Bangkok (MOHG)

Bangkok's landmark luxury riverfront hotel, operating since 1879; flagship property of Mandarin Oriental Hotel Group.

5 reports
Company/operator
SET:SHR

S Hotels & Resorts

Singha Corporation-linked hotel operator; Outrigger, SAii, Santiburi brands; FY2024 revenue ~THB 4B.

1 report
Company/operator

Six Senses Samui

Luxury wellness resort on Koh Samui operated by Six Senses Hotels Resorts Spas (IHG subsidiary); hilltop pool-villa design overlooking the Gulf of Thailand.

3 reports
Company/operator

Six Senses Yao Noi

Luxury eco-resort on Koh Yao Noi island (Phang Nga Bay) operated by Six Senses Hotels Resorts Spas (IHG subsidiary); private-villa format with Phang Nga Bay views.

8 reports

Available reports

Thailand Hotels & Hospitality Market Intelligence

Thailand welcomed ~35.5M international arrivals in 2024 (vs 39.9M 2019 peak); ~THB 1.9T tourism revenue. MINT, CENTEL, AWC, DUSIT, ERW, SHR are the listed operator layer. Chinese, Indian demand, MICE, health-tourism drive 2026-2028 outlook.

Thailand CLMV Migrant Workforce Deep Dive

Thailand's 3.0-3.5M CLMV migrant workforce. ~7-9% of employed. Construction, hospitality, seafood, agriculture dominant. Section 63/2, MoU Myanmar/Cambodia/Lao/Vietnam.

Thailand Duty-Free & Travel Retail Deep Dive

Thai duty-free, travel retail ~THB 50-60B. King Power AoT 10-yr concession dominant. Chinese tourist recovery, CDFG Hainan substitution, 2028-2030 concession renewal.

Thailand Hospitality Labor & Wages Deep Dive

Thai hotel staffing, CLMV migrant workforce, training pipeline, minimum wage. THB 400 floor, THB 600 political target, Myanmar/Cambodia/Lao MoU backbone.

Thailand Hotel ADR, Occupancy by Market Deep Dive

Thai hotel ADR, Occupancy, RevPAR by Bangkok, Phuket, Pattaya, Samui, Chiang Mai, Krabi. Chinese/Korean/Indian/European recovery. Minor, Centel, Dusit, Erawan, AWC, Singha.

What this report covers

Arrivals, revenue scale

MOTS arrivals (~35.5M 2024 vs 39.9M 2019 peak); TAT source-market mix; NESDC tourism-GDP contribution (~12-13%); BOT tourism balance-of-payments.

Operators

Listed: MINT (~THB 150B FY2024), CENTEL (~THB 24B), AWC (~THB 20B), DUSIT (~THB 9B), ERW (~THB 7B), SHR (~THB 4B), LRH (~THB 3B). International-brand-managed, independent inventory fills the rest.

Regulation, demand

Hotel Act B.E. 2547, DBD licensing, TAT campaigns (~THB 6-8B budget), TCEB MICE promotion, MoPH medical tourism, visa-free diplomacy (China, India, Russia), AOT airport-capacity constraints.

Full sector report

Thailand Hotels & Hospitality Market Intelligence

29 min read · 2026 Edition

Read report·$99
Hotels & Hospitality · Insight