2025-01-17-莱坊-Bangkok_Retail_Market_1H_2024_6页_2mb

Bangkok Retail Market Summary: 1H 2024

Bangkok's retail market is showing strong recovery, primarily driven by a significant rebound in international tourism and ongoing developments. Projections for 2024 indicate an 88% recovery in tourist arrivals, reaching 35.99 million visitors, with the largest groups from China, Malaysia, and India.

Retail supply has grown by 4% year-on-year as of mid-2024, mainly due to new projects like One Bangkok. Additionally, large-scale township developments, including One Bangkok and Dusit Central Park, are set to launch in 2024, attracting international investments, particularly in data centers from companies such as Google, Microsoft, Amazon, and NVIDIA.

In Q1 2024, shopping center operators reported a 25% revenue increase and a 31% profit rise, with hardline goods, food, and fashion sectors as key drivers. Profit margins improved by 5-9%, and rental rates saw modest increases for new leases.

Looking ahead, the market is expected to continue growing with rising tourist numbers, especially during peak periods, new mall expansions, and sustained investment in data centers, boosting overall consumption and patronage.