Rising frozen food market, number of weddings, corporate events, tourists, hospitals and schools will drive the catering market in Thailand.
According to Ken Research report titled “Thailand Catering Market by Type (5 Star Hotels, 4 Star Hotels, 3 Star Hotels, Wedding Halls, Inflight, Education, Healthcare, and Others) Outlook to 2022”, growing trend of destination weddings organized in Thailand is further projected to boost the requirement for catering services in the country, adding to the growth of hospitality caterers and pure-play catering players in the country.
Catering market in Thailand is at a mid growth stage with a continuous expectation of witnessing significant growth in the recent future. Expansions in caterers’ service portfolio to meet the changing preferences of various sectors across all regions of Thailand have led to a surge in the revenues of the overall catering industry. Growing tourism has significantly aided the market. The tourism industry has witnessed a continuous rise in the number of foreign tourists in the country over the last 15 years. Most international visitors in the country are from Asia Pacific region followed by the European tourists. Thailand’s capital city Bangkok is listed in the top 10 of the world’s most attractive cities to visit and saw an increase in the tourists from China, USA, India and the Middle East. Thailand witnessed over 32 million international visitors by in 2017.
Strong growth rates in Thailand’s tourism industry have resulted in increased investments in the hotels of the country. Major players which have led to an expansion of the hotel industry of Thailand are Accor, InterContinental, Starwood and Marriot. Some of domestic hotel groups have also gained significant popularity over the recent past. Such players include Centara Hotels and Resorts, Dusit International and Minor International. Apart from Bangkok, Phuket, and Pattaya, the regions of Koh Lak, Krabi and Koh Samui are emerging as the preferred locations for setting up new hotels. The continuous rise in the number of hotels over the years has assisted in the growth of revenues generated by the catering companies operating in Thailand. Increasing number of hotels reflected more number of ballrooms and event spaces being constructed, thus expanding the customer base for caterers in the country overtime. Hotels and resorts usually generate higher cross business revenue from hosting corporate parties, private events and weddings ceremonies along with accommodating the guest in the rooms.
There has been a continuous rise in the numbers of aircraft passengers in Thailand between 2012 and 2016. This has proved beneficial to in-flight catering services providers. With the registration of more numbers of passengers, the demand for caterers also increases, owing to the food requirements of passengers on board. Number of aircraft passengers has inclined from 36.4 million in 2012 to 60.4 million in 2016.
Key Topics Covered in the Report:
Top Wedding Hotels Thailand
Catering business in Thailand
Railway Catering Market Thailand
Number of Hotels Thailand
Hotel Industry Revenue Thailand
Hospitality Industry Revenue Thailand
Wedding Package Thailand
MICE Industry Thailand
Hospitality Market Thailand
Education Catering Thailand
Wedding Planners in Thailand
Number of MICE events Thailand
Corporate Meetings Package Thailand
Meal Menu In-flight Catering Thailand
Major Wedding Halls Thailand
Destination Wedding in Thailand
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications