Bangkok, May 27 -- Thailand's luxury retail market is valued at 4.4 billion USD and projected to grow by approximately 5% annually through 2028, placing the country at the forefront of luxury retail in Southeast Asia and seventh in Asia-Pacific, according to property consultant CBRE Thailand.
CBRE Thailand's 2025 Real Estate Market Outlook highlights a strong synergy between tourism and retail, supported by 35.5 million international arrivals in 2024 and the addition of over 410,000 sq.m of downtown Bangkok shopping mall space between 2024 and 2025, the Bangkok Post reported on May 27.
This robust expansion is providing luxury retailers with new strategic opportunities as demand from both affluent locals and international visitors rises....