Repositioning for Value: The Strategic Role of Hotel Turnarounds in Thailand
🏨 Thailand's hospitality sector is evolving, with over 83,000 rooms in Bangkok and 751 new keys by 2025. As new luxury and lifestyle hotels emerge, older hotels face higher costs and uneven performance. Strategic turnarounds focus on cultural optimization, lifestyle repositioning, reflagging, and operational modernization. Effective asset management, financial strategies, and sustainability are key to success. The focus is on agility and alignment with shifting demand, operational costs, and brand relevance for future competitiveness.
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