The outlook for experiential luxury in Thailand is extremely promising, with predictions for further value growth (at constant 2024 prices) and an increasing number of new luxury hotels being built. Much of the growth is likely to be driven by inbound tourism, with the number of arrivals to Thailand set to quickly recover to pre-pandemic levels by 2025.
While luxury hotels is set to continue driving overall growth of experiential luxury in Thailand over the forecast period, the country is expected to see the stronger emergence of luxury foodservice. Already operating in this space at the end of the review period were global fashion house Louis Vuitton’s LV The Place Bangkok, offering both a café and restaurant, run by chef Gaggan Anand.
Experience-driven luxury will attract consumers seeking unique experiences. Affluent consumers increasingly value unique and personalised experiences over material possessions, which includes bespoke travel options, private events, and personalised services.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Thailand with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Thailand, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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