Health & Wellness Market Reports: Bangkok
By Matthew Brennan on April 28, 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.‘