C9 Hotelworks has released a regional overview of the emerging hybrid hotel sector titled Southeast Asia Hostel Market Trends 2015. Over the past two years we have completed a number of research engagements in the hostel market and it’s clear … Continue reading
Prices of new “super prime” properties launched in Phuket this year show an increase of 120 per cent compared with similar ultra-high-end properties launched between 2007 and 2011, reports Knight Frank (Thailand). Selling prices of new super prime projects in … Continue reading
Thailand’s leading hotel investment event will discuss critical issues that are challenging and driving the country’s hospitality industry at the 5th edition of the annual Thailand Tourism Forum (TTF 2016) to be held Monday 25 January. Thailand Tourism Forum 2016 … Continue reading
The incredible new destinations of Phuket and Mauritius will be launched next winter by Thomson Airlines on the their fuel-efficient Boeing 787s Passengers will soon be able to fly DIRECT from Manchester to Thailand and Mauritius on the Dreamliner. The … Continue reading
About 5.2 million tourists mostly Chinese are expected to visit Thailand during November and December bringing the total number of incoming tourist for the whole year to 29.5 million, said tourism and sports deputy permanent secretary Ms Wannaseri Morakul on … Continue reading
Thailand, and more specifically Phuket, is leading a strong Southeast Asia trend in hotel residences to the tune of US$3.5 billion in properties currently up for sale. Overall the SEA regional market inventory is valued at a whopping US$16 billion.Recently, … Continue reading
Guest speakers at the Greater Phuket Chapter of the American Chamber of Commerce (AMCHAM) business seminar at the Outrigger Resort Laguna Phuket on Friday (Oct 30) delivered a stunning presentation outlining the current state of Phuket’s tourism industry. In introducing … Continue reading
THE GENERATION COMMONLY referred to as millennials, defined as adults from 18 to 33 years of age, represent the primary target that companies in nearly every industry are currently focussed on to either grow or secure the health of their … Continue reading
ARDA, the American Resort Development Association, recently reported that timeshare owners can holiday in over 100 countries at more than 5,000 resorts worldwide, so the saying “the world is your oyster” really does ring true for shared ownership. From tropical … Continue reading
Southeast Asia’s hotel residences real estate market has topped the USD16 billion level and is growing. Spurring the trend is an emerging synergy between the region’s property developers and international hotel chains. According to new research by hospitality consulting group … Continue reading
The budget condominium segment in Phuket and many other cities in Thailand is now suffering from the large supply that has inundated the market over the past 5 to 7 years, Phanom Kanjanathiemthao, Managing Director of Knight Frank Chartered Company, … Continue reading
While it’s encouraging that passenger arrivals at the island’s airport jumped by 11% during the first half (H1) of this year, compared to the same period last year, the flip side shows that hotels in all tiers tumbled with average … Continue reading
The sustained downturn of hotel rates in Phuket should be a cause of concern for island hoteliers and developers alike. According to C9 Hotelworks new Phuket Mid-Year Hotel Market Update market wide average room rates shifted downward by 9% in … Continue reading
Tourism directly accounts for 35.6% of Phuket’s economy according to a new report released by hospitality consulting firm C9 Hotelworks. Whereas the sector is the leading indicator of GPP (Gross Provincial Product), the reality is that once you add in … Continue reading
Like many Phuketians, I took a ‘green season’ break with my family. I chose Sydney and the Gold Coast, and inevitably a visit of this nature leads to comparisons with my home island of Phuket.Property investors interested in Phuket will … Continue reading