The report 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
" provides a comprehensive analysis of catering market introduction and genesis, market size by revenue and Hotels and Wedding Hall catering market. The report also provides data points on Thailand Catering market by sector (Hospitality and Wedding Halls, In-flight, Education, Healthcare and others), Hotels and Wedding Halls Market by type (5 star, 4 star, 3 star and wedding halls) along with company profile of major hotels and wedding halls (Impact Wedding Hall, Vivace Wedding Hall, Conrad, Pullman, Marriot Queens, Milennium Hilton, Shangrila, So Sofitel, Lebua, Intercontinental and Anantas Riverside Resort) and pure play catering companies (I Do Catering, NCC Catering, White Café Catering, Epicure Catering, Gourmet Catering, Mongkol Catering and others). The report also covers SWOT analysis, Rules and regulation, snapshot on hotels and wedding halls market and inflight catering market along with analyst recommendation and macroeconomic variables.
The report is useful for hotels, wedding halls, catering companies, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Thailand Catering Market Size and Overview
Market Size: Catering services offered to domestic and foreign population in the nation have expanded phenomenally over the years. The overall size of Thailand catering market was recorded at USD ~ million during 2017, increasing from USD ~ million during 2012, at a robust CAGR of ~% during the same period. The market is at a mid growth stage with a continuous expectation of witnessing significant growth in the recent future. Expansions in caterers’ service portfolio to meet the changing preferences of various sectors across all major and minor regions of Thailand have led to a surge in the revenues of the overall catering industry.
Market Segmentation: The hospitality sector (hotels and wedding/event halls) of Thailand contributed the majority share of USD ~ million to the overall revenues generated by the country’s catering market during 2017. In-Flight catering services contributed USD ~ million to the overall revenues generated by the caterers in Thailand during 2017. Market players offering catering services to schools and universities in the country constituted ~% in the overall revenues of Thailand catering market during 2017. Offering food services to the growing numbers of students in various educational institutions across Thailand aided the growth of market players. Catering services offered to the healthcare sector in Thailand contributed ~% to the overall revenues generated by caterers in the country during 2017. These catering services included offering food to in-patients and staff members of various hospitals, clinics and other healthcare centers in the country.
Thailand Hotels and Wedding Halls Market Snapshot
The hospitality sector of Thailand contributed the majority share of ~% to the overall revenues generated by the country’s catering market during 2017. The largest share of hospitality sector was contributed by the hotels and event halls in Bangkok (Khao San, Sukhumvit, Bangkok Riverside, Silom. Siam, Pratunam, Chinatown, and near Suvarnabhumi Airport) and Pattaya region (Banglamung, Nong Prue, South Pattaya, and Central Pattaya), owing to more local and foreign population in such areas, as compared to other regions of the country. The revenues from hospitality catering services were dominated by the 5 star hotels during 2017. These hotels collectively generated USD ~ million from their food and event catering services during 2017. 4 star hotels on the other hand accounted for the second largest share, adding USD ~ Million in hospitality catering market revenues during 2017. 3 star hotels focus on hosting all types of events hosting events at a reasonable price, which limits their revenues in comparison to other players operating in the space. Such entities contributed USD ~ million to the market revenues during 2017.
Future Outlook to Thailand Catering Market
The revenues generated by catering market players in Thailand are projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a robust CAGR of ~% during the same period. Surging numbers of MICE events from ~ during 2017 to ~ during 2022 is also expected to expand the customer base of the caterers during the same period. The rising numbers of marriages from ~ during 2017 to ~ during 2022 is expected to be the major reason behind the dominant share of hospitality sector in the revenues of overall catering market on Thailand by 2022. This is also projected to be accompanied by the rising numbers of MICE events at a CAGR of ~% between 2017 and 2022. In-flight catering services are expected to constitute ~% in the overall revenues during 2022.
Key Topics Covered in the Report
- Thailand Catering market introduction
- Thailand Catering market size
- Thailand Catering market segmentation by Sector
- Thailand Hotels and Wedding Halls segmentation by type.
- Thailand Hotels and Wedding Halls Market Snapshot
- Thailand In Flight Catering Market snapshot
- Company Profiles of Major Hotels, Wedding Halls and Pure Play Caterers in Thailand (Impact Wedding Hall, Vivace Wedding Hall, Conrad, Pullman, Marriot Queens, Milennium Hilton, Shangrila, So Sofitel, Lebua, Intercontinental and Anantas Riverside Resort, I Do Catering, NCC Catering, White Café Catering, Epicure Catering, Gourmet Catering, Mongkol Catering and others)
- Rules and regulations in Thailand Catering market
- Growth drivers in Thailand Catering market
- Future Outlook to Thailand Catering Market
- Macro economic factors affecting Thailand Catering Market