In a survey conducted by RE real estate consultants shows that the ratio of hotel rooms is increasing at the rate of twelve percent approximately, as six new hotels are opened every year. It is also expected that almost forty four thousand rooms will be available in upcoming years, while previously this ratio was thirty three thousands. This show an increased ratio of i.e. eleven percent more rooms are available than previous years. Due to scarcity of land new hotel buildings are in tall shape, however still it is considered most popular investment field. About 4-6 hotels are opened in first half of the year in Ploenchit, showing about sixty five percent of hotels in this area. In addition to this about twenty one percent are available in silom river side, additionally fourteen percent are located in market area.
A large number of new openings are demanding high prices. Trend of investment in hotels in heading towards a right direction in this year. On the hand number of permits for construction are decreasing every year so renting a room is increasing day by day. Another major trend that has boosted room rental is increased number of tourist in Thailand, which is growing more rapidly than building of new hotels. These trends have a positive effect on room rental business.
As tourist from different countries is coming so demand for rooms on budget is increasing. There is lack of competition in this market and no brands are there. Although many entrepreneurs stated that they will open hotels in Central plaza as a result of it two new hotels Cozy and Gropu Plc were opened.
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