Experts say Bangkok about to become Global Mega City

The sixth annual Thailand Tourism Forum was held in Bangkok earlier this month where participants at the high-level forum hailed Bangkok as a future global mega-city due to its impressive growth in key hospitality sectors and planned infrastructure projects.

The forum held by the American Chamber of Commerce (AMCHAM) attracted over 700 travel industry shareholders as well as some of Thailand’s top property developers.

According to one of the speakers at the forum, Jesper Palmqvist director of the Asia-Pacific global research firm STR, Bangkok’s revenue per available room has increased at a rate of 3.4 percent per year with demand increasing at a rate of 5 percent per year since 2014.

Experts say Bangkok about to become Global Mega City

He noted that throughout 2018 Bangkok generated 10-year record highs for revenue generated in seven out of the 12 months of the year.

Along with Bangkok’s upmarket property development projects the city is also improving its connections throughout the kingdom with the construction of a high-speed railway line from the capital to Rayong, Laos and further afield China.

Experts say Bangkok about to become Global Mega City

Increasing investment in Thailand’s Eastern Economic Corridor is also bolstering investor confidence along with improvements to U-Tapao airport.

Two high-level projects in Bangkok that investors are watching closely are the Bangkok Observation Tower which is planned to stand 459-metres-tall and the Grand Rama 9 Super Tower which when complete will stand 615-meters-tall and be Thailand’s tallest building and the third tallest building in the world.

Source : Property Report

Content : LovePattayaThailand

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