Bankok: Budget, mid-range hotels to boom as new markets emerge | bangkokpost.com

With luxury hotels in Bangkok oversupplied and room rates falling, more owners have shifted their focus to mid-range offerings that better match the emerging tourism trend from fast-growing markets such as India and China. The upscale room glut shows no sign of easing while demand from clients for no-frills accommodation is on the rise, says a new report by the property services company Colliers International.