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The value of consumer expenditure on hotel accommodation in Thailand in 2019 amounted to approximately billion U.S. dollars. Such expenditures had slightly increased compared to the previous year. In the same year, the restaurant and hotel sector contributed around *** billion Thai baht to Thailand’s GDP. Tourism has been one of the major contributors to the country’s GDP.

Hotels in Thailand

  The hotel industry in Thailand mainly relies on the tourism sector, which has shown an increase in revenue in recent years. Major Thai hotel chains include Centara, Erawan, Dusit, Onyx and Minor. Some of these chains, especially for Centara and Dusit in particular, have expanded internationally to other holiday destinations. More than half of the hotels in Thailand are mid-ranged or budget accommodation types, which is the result of a booming budget hotel industry.

Thailand as a Destination

  Thailand has become one of the top destinations for travelers around the globe. In 2018, Bangkok, the capital of Thailand, was the most visited city in the world in terms of international overnight visitors. The main tourist destinations in Thailand include Bangkok, Pattaya, Phuket and Chiangmai. When compared to other provinces, these destinations generated the highest revenue from the tourism businesses in recent years. As of 2019, Phuket had the highest number of tourism related businesses , which is unsurprising given that the city is well-known for its beaches, cultural old towns and a bustling night life.