Festive season lights – Every year around Christmas and New Year, Ratchaprasong is heavily decorated with lights. The decorations were started by Peninsular Plaza and The Regent hotel (now Four Seasons Hotel Bangkok), and later expanded to Sogo (now a part of Amarin Plaza), CentralWorld, Central Chidlom, and Gaysorn. Bangkok Metropolitan Administration also provides lights along the BTS Skytrain pillars. During the period, it is the brightest lit area of Bangkok.
Foreign Correspondents' Club Thailand – Located in the penthouse of the Maneeya Building, the FCCT hosts guest speakers, talks on current events, movie screenings, and art and photographic exhibitions.
Central Chidlom – Flagship department store of Thailand's biggest retail chain.
CentralWorld – Southeast Asia's second largest shopping mall.
Gaysorn – An upscale shopping centre devoted to designer-label luxury goods.
Amarin Plaza – Formerly the Sogo Department Store, has shops devoted to Thai traditional arts and handicrafts as well as restaurants and other retailers.
Big C Ratchadamri – Has shops, fitness centre, and 10-screen EGV Metropolis cineplex.
Grand Hyatt Erawan Bangkok – Built on the site of the original Erawan Bangkok; also has a shopping arcade
Holiday Inn Bangkok
Intercontinental Bangkok – Has connecting bridge to Gaysorn through its President Tower shopping arcade.
BMTA city buses – more than 20 bus lines pass through the area.
In 2010, the Ratchaprasong intersection was one of the main sites of the 2010 Thai political protests. From March to May the "Red Shirt" protesters occupied a large area around Ratchaprasong intersection in a political campaign aimed at reinstalling the government under Thaksin Shinawatra. The stage area and the surrounding tent city became known as "the red city." The major shopping malls and five-star hotels in the vicinity were forced to close during the occupation. Most residents of the area moved out for security concerns and because of the inconvenience.
After weeks of failed negotiations, the Thai army moved in to clear the Ratchaprasong intersection on May 19, 2010. The violent government crackdown against the "Red Shirt" protesters resulted in the deaths of about 90 civilians and soldiers. Protestors set fire to buildings in the area; this resulted in the partial destruction of Bangkok's largest shopping mall, the CentralWorld complex. As of June 2012, reconstruction at the Ratchaprasong intersection is complete.