THAILAND will get its first-ever Park Hyatt hotel when Hyatt Hotels Corporation opens the Park Hyatt Bangkok in 2014.
Located within Central Embassy, a mixed-use commercial development incorporating a retail mall and office tower on Wireless Road, Park Hyatt Bangkok will be the third hotel under Hyatt management in Thailand, adding to Grand Hyatt Erawan Bangkok and Hyatt Regency Hua Hin.
Room rates will be over US$300 a night – higher than the average for five-star hotels in the capital, and on par with the St. Regis Bangkok and Mandarin Oriental Bangkok.
The focus for Park Hyatt Bangkok will be on the Asian market, especially China, followed by the US and Europe. Clientele is expected to consist of 60 per cent corporate, 10 per cent MICE and 30 per cent leisure, compared to half corporate, 25 per cent MICE and 25 per cent leisure for Grand Hyatt Erawan Bangkok.
A second Park Hyatt in Thailand is currently being negotiated with a developer in Phuket.
Reporting by Chami Jotisalikorn
