Health & Wellness Market Reports: Bangkok

By On 28th April 2016

Bell Tanyatanaboon and Matthew Brennan of Horwath HTL Health and Wellness, Thailand, have written the next in our series of Health & Wellness Market Reports, focusing on Bangkok.

In 2015, Bangkok realized year-over-year growth in its tourism industry. In 2016, the Ministry of Tourism and Sports reported that Bangkok’s tourism industry grew by 10.9% in 2015, primarily attributing the growth to the increased number of international arrivals to the capital city. In 2015 and according to the Ministry of Tourism and Sports, a total of 20.87 million foreigners visited Bangkok (15% growth), while their spending grew by 35.4%. This trend continued into the first quarter of 2016; Bangkok, in quarter 1, recorded 9.5% more international visitors than in the same period in 2015. Bangkok hotels are benefiting from more international arrivals, occupancy in Bangkok in the first quarter was 82.9%, 2.86% higher than Q1 2015. Given the increase in international arrivals and higher hotel occupancies, Horwath HTL Health and Wellness set out to determine if Bangkok’s luxury spa facilities are also “cashing in.

Click here to download Bell and Matthew’s report

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Matthew Brennan

Matthew Brennan, a Co-Founder and Director of Horwath HTL Health & Wellness, directs the market research team who author the market research and feasibility studies prepared for spas, wellness centers, bathhouses and wellness-centric hotels and resorts, and leads other administrative functions of the business. Since receiving his BSBA in Finance from The University of Denver in Colorado, USA, Matt has worked in a consulting role on four different continents, including Asia, Europe, Africa and North America, for private property developers, institutional investors and the world’s leading hospitality management companies. Matt co-authored the chapter “Spa Feasibility – Steps and Processes” included in the first spa management textbook titled "Understanding The Global Spa Industry: Spa Management", published by Oxford University Press, and routinely contributes to other industry publications. Matt has been in Asia for nine years and enjoys golfing during his free time.
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