QUARTERLY HIGHLIGHTS

‒  The number of tourist arrivals to Thailand in Q3 2022 increased by 128.0% Q-o-Q from 1,582,257 tourists in Q2 2022 to 3,608,085 tourists this quarter.

‒  Occupancy rate of Bangkok hotels in Q3 2022 was 57.2%, an increase of 11.3 percentage points Q-o-Q and 35.6 percentage points Y-o-Y.

‒  ADR was recorded at THB 3,267 in Q3 2022 representing an increase of 15.9% Q-o-Q and 70.2% Y-o-Y.

‒  RevPAR was recorded at THB 1,870, indicating a growth of 44.1% Q-o-Q and 351.6% Y-o-Y.

‒  There were three new hotels opening this quarter adding 579 keys to the existing supply. The total hotel supply increased to 77,514 keys, in 399 properties.