Thailand Catering Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How the Thailand Catering Market is positioned? The economy of Thailand has gained momentum with the expansion of GDP by 3.3% in the first quarter of 2017 and 3.7% in the second quarter. The country’s GDP recorded a growth rate of 0.8% in 2014, 2.8% in 2015, and 2.5% in 2016. The World Bank projected economic growth of 3.5% for the year 2017. Apart from the growing agriculture sector, the tourism industry of Thailand has played a significant role in boosting the economy of the country. 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 as well. 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. Total exhibitions went up to ~ during 2017 from ~ exhibitions during 2014. The rise in the numbers of such grand events boosted the overall revenues of the catering market, wherein the players offered organizing, decoration, food and other allied services. The total numbers of MICE travelers for various corporate events augmented from ~ during 2012 to ~ during 2017. The increase in guests to serve in meetings, incentives, conventions and exhibitions contributed to the revenues of the market players by expanding their customer base. How Have the Different Sectors Performed Within the Market? 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. Almost all wedding ceremonies and corporate events are hosted by the hotels in the country. This has made hospitality sector the top end user of catering services. In-Flight catering services contributed USD ~ million to the overall revenues generated by the caterers in Thailand during 2017. As per Air Transport Information Division of the Airports of Thailand PCL, ~ million passengers travelled through air transport in the country between 1st January 2017 and 30th September 2017. This enhanced the customer base of the caterers offering food and other related services to passengers in flights, thereby adding to the overall market revenues. Market players offering catering services to schools and universities in the country constituted ~% in the overall revenues of Thailand catering market during 2017. Catering services offered to the healthcare sector in Thailand contributed ~% to the overall revenues generated by caterers in the country during 2017. How has the Hospitality Sector Performed? The hospitality sector of Thailand contributed the majority share of ~% to the overall revenues generated by the country’s catering market during 2017. 5 star 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. While, wedding halls and 3 star hotels generated USD ~ million and USD ~ from catering in 2017 respectively. How is the Competition Scenario in the Catering Industry of Thaland? Thailand catering market is highly competitive with few larger players acquiring the major chunk of the overall market revenues. The service providers in the industry include pure-play catering companies, wedding/event halls, 5 star hotels, 4 star hotels and 3 star hotels. All these caterers provide services to various sets of consumers across the country. Catering service providers operating in the space compete on various grounds to gain a higher share in the overall revenues. The major parameters which boosted the competition between various hotels offering catering services in Thailand included number and capacity of ballrooms, diversity in menu, location, per head cost, and number and capacity of meeting rooms within the hotel premises. What Parameters Do Customers Consider Before Selecting Caterer The parameters for selecting a particular catering company by the end user vary depending upon the type of audience to be catered and the amount which the ultimate consumers are willing to spend. Opting for the most suitable caterer often depends on price, the brand image of the company, quality of food and other catering service, proximity, variety of services offered, and references given by other companies associated with the caterer. Quality of food is the most important criteria for most of the customers in various sectors of the country. Growth Drivers There has been a continuous rise in the numbers of aircraft passengers in Thailand between 2012 and 2016. This has proved beneficial to in-flight catering services providers. With the registration of more numbers of passengers, the demand for caterers also increases, owing to the food requirements of passengers on board. The booming tourism industry has witnessed a continuous rise in the number of foreign tourists in the country over the last 15 years. Increasing numbers of foreign visitors have led to the augmented demand for catering services, majorly in the hospitality sector. The in-flight catering services have also risen due to the same reason. How Will the Growing Number of MICE Events Shape the Future of Industry, 2018-2022 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 he 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 Companies Cited in the Report List of Companies Companies Covered in the Report I Do Catering Impact Wedding Hall Millennium Hilton Intercontinental Lebua Major Players Pullman Vivace Wedding Hall Epicure Catering Gourmet Catering Key Factors Considered in the Report Comprehensive analysis of Thailand Catering Market and its segments Listed major players and their positioning in the market Identified major industry developments in last few years and assessed the future growth of the industry. Number of Hotels Thailand Catering business in Thailand Top Wedding Hotels Thailand Destination Wedding in Thailand Wedding Package Thailand Hospitality Market Thailand Wedding Planners in Thailand MICE Industry Thailand Number of MICE events Thailand Corporate Meetings Package Thailand Meal Menu In-flight Catering Thailand For more information on the research report, refer to below link: https://www.kenresearch.com/food-beverage-and-tobacco/food-services/thailand-catering-market/142999-11.html Related Reports https://www.kenresearch.com/food-beverage-and-tobacco/food-services/saudi-arabia-catering-services-market/129370-11.html https://www.kenresearch.com/food-beverage-and-tobacco/food-services/uae-catering-services-market/129798-11.html https://www.kenresearch.com/food-beverage-and-tobacco/food-services/qatar-catering-services-market/130092-11.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Catering business in Thailand, Corporate Meetings Package Thailand, Destination Wedding in Thailand, Hospitality Market Thailand, Meal Menu In-flight Catering Thailand, MICE Industry Thailand, Number of Hotels Thailand, Number of MICE events Thailand, Top Wedding Hotels Thailand, Wedding Package Thailand, Wedding Planners in Thailand