The latter half of 2018 showed local and foreign investors displaying robust demand for the hotel business despite a dip in Chinese tourists denting the inbound market. Japanese hotel chain Nikko Hotels International (NHI) has announced that it will open a hotel in Bangkok in early 2019. Supawan Tanomkieatipume, president of the Thai Hotels Association (THA), said a big challenge for the hotel sector in Thailand is pricing. The THA reckons that the hotel business will continue to grow if there's no political crisis after the election in 2019 and the global economy stabilises. "After all, making predictions or forming a clear picture is difficult for the hotel business for 2019," Mrs Supawan said.

Source: Bangkok Post December 21, 2018 23:40 UTC