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Thailand catering industry is projected to grow at a robust CAGR of 20.7% during the period 2017-2022

Author: Tatiana Rokou / Date: Tue, 04/10/2018 - 11:32
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The hospitality sector (hotels and wedding/event halls) of Thailand contributed the majority share to the overall revenues generated by the country's catering market during 2017. The total numbers of MICE travelers for various corporate events augmented from 5.2 million during 2012 to 37.2 million during 2017.

GURUGRAM, INDIA - Catering market in Thailand has surged owing to the growing number of international visitors, domestic travelers, wedding ceremonies in the country and the inclining number of meetings, incentives, conferences and exhibitions (MICE) events being hosted in various event halls across various regions. The increase in number of guests to serve in meetings, incentives, conventions and exhibitions contributed to the revenues of the market players by expanding their customer base. Rising number of marriages was another reason which incentivized the revenues of caterers in Thailand. Two world-class food shows, World of Food Asia 2017, and Food & Hotel Thailand (FHT) 2017, were organized in the country during 2017, which led to the growth of the country's catering market size.

The growing tourism in the city of Bangkok led to the existence of most numbers of 5 star hotels in the city. Majority of the 4 star hotels were located in Phuket, whereas the region of Pattaya had the maximum number of 3 star hotels by the end of 2017.

Schools, universities and other education institutes emphasize more on the quality of food, which can meet the nutrition demand of the students. Educational institutes are also accountable for the food safety of the students and thus make sure that they provide the best quality food within the premises. The caterer should be able to provide the required cutlery and should have a flexible production capacity to cater to the needs of the students at all times of the day which include lunch meals, snacks and refreshments.

According to the report by Ken Research 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", during 2018, the country will be hosting some significant food and beverages events including World of Food Service Expo, Chiang Mai Flower Festival, Phuket Boat Show, Phuket RendezVous (PRV), Thailand Bakery and Ice Cream Fair (Bakery and Ice Cream Show), Dairy Focus Asia, and Thailand Retail Food & Hospitality Services (TRAFS). Such events are anticipated to raise the demand for caterers in the space, having a positive impact on the overall catering market in Thailand during the outlook period.

ABOUT THE AUTHOR

Tatiana Rokou

NEWS EDITOR

Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.