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Passenger arrivals show more signs of recovery

By James Pitchon on Dec 17, 2009 in Hotel-Tourism

Airports of Thailand Public Company Limited recently released November statistics. International passenger disembarkations at Suvarnabhumi Airport were 1,368,833 in November 2009 compared to 1,023,014 in November 2008 (Suvarnabhumi Airport was closed from November 25th in 2008 after anti-government protestors occupied the airport). The year on year increase was 34% which was a significant [...]

Good News for Thai Tourism

By James Pitchon on Nov 25, 2009 in Hotel-Tourism

Airports of Thailand Public Company Limited reported October 2009 passenger numbers and flights. The statistics show significant improvements over the last three months which is positive news for Thailand’s tourism industry. At Suwanaphoomi Airport there were 149,535 international aircraft movement (arrivals and departures) in the period January to October down 8.08% on the same period [...]

Ritz Carlton Krabi to open December 2009

By James Pitchon on Oct 22, 2009 in Hotel-Tourism

The Ritz Carlton Hotel Group announced that they will open the Phulay Bay Ritz Carton Reserve in Krabi on December 22nd 2009. The positive news for Thailand is that adding one of the world’s leading luxury hotel brands to Thailand’s portfolio will increase the both marketing and image of the Andaman Coast as a high [...]

Bangkok Luxury Hotel – Q 2 2009

By Bangkok Condo Editor on Oct 20, 2009 in Hotel-Tourism, Research

Summary The major talking point in this quarter is the decline in the number of international tourists. Numbers fell 18.6% Q-o-Q and 14.4% Y-o-Y to around 3 million from 3.5 million in Q2 2008. Political instability and the global economic recession continued to be the main factor with the addition of Influenza A (H1N1). This [...]

Good News for Phuket

By James Pitchon on Oct 17, 2009 in Hotel-Tourism

Thai Airways International will resume its Phuket-Hong Kong service later this month according to the Bangkok Post on October 16 2009. “Industry observers say the move is to combat the budget carrier Thai AirAsia’s impending launch of flights on the high-potential route.” The flag carrier on Oct 25 will restart the non-stop flights, which were [...]

Bangkok Luxury Hotel – Market View Q1 2009

By Bangkok Condo Editor on Jun 12, 2009 in Hotel-Tourism, Research

The Thai hotel sector is facing the twin challenges of increased supply and a falling demand. Demand is declining due to a number of factors. – the global recession has cut business travel and MICE events. – the global recession has reduced personal travel and the currencies of several of Thailand’s major feeder markets such [...]

Over 3,900 hotel rooms to be completed in Phuket

By Bangkok Condo Editor on Jan 08, 2009 in Hotel-Tourism, Research

The latest CBRE Phuket Property Report estimates there will be 3,977 hotel keys added to the upscale hotel market in Phuket, bringing the total to 12,292 keys in the next three to four years. This includes new hotels and expansion of existing hotels. The West coast continues to be the key area of development, [...]

Long Lease In Thai Property Market

By Bangkok Condo Editor on May 26, 2008 in Hotel-Tourism, Residential

Tourism is a critical element of the Thai economy, with income generated from tourism contributing significantly to the country’s GDP and likely to grow further. In line with global trends, there is a growing demand for resort homes among longer stay tourists and expatriate retirees who are typically American, European and Asian high net worth [...]

Airlift Upgrades in Thai Resort Markets

By Bangkok Condo Editor on Mar 26, 2008 in Hotel-Tourism

The areas of Greater Phuket are now well connected by Destination Air’s sea plane service which provides an alternative means of transport within the Andaman Sea region. It offers services to many outlaying islands in the Andaman Sea such as Koh Yao Noi, Phi Phi Islands, Koh Lanta, Koh Racha Yai, Koh Mook, Similan Islands, [...]

HOTEL MARKET: LOOKING TOWARD THE END OF 2007

By Bangkok Condo Editor on Oct 30, 2007 in Hotel-Tourism

Total tourist arrivals to Thailand increased by only 2.3% in the first eight months of 2007, compared to the first eight months of 2006. The resort hotel markets performed well, but Bangkok suffered with lower occupancy rates, according to the latest CB Richard Ellis’ Thai hotel report. More hotels are being built in both Bangkok [...]

PHUKET REAL ESTATE RESILIENT TO POLITICAL UNCERTAINTY

By Bangkok Condo Editor on Sep 25, 2007 in Hotel-Tourism

Phuket is experiencing a buzzing low season with hotel occupancy rates up 20%-30% from last year. The term ‘low season’ may no longer be applicable based on visitor arrivals in the past several months. “During a recent site inspection with a group of Middle Eastern investors, it was impossible for them to extend their trip [...]

ASIA’S GROWING RETIREMENT AND SECOND HOME MARKET

By Bangkok Condo Editor on Jul 18, 2007 in Hotel-Tourism, Residential

For the last 30 years South East Asian countries have competed to attract tourists. Today the focus is on quality not just quantity. Part of this strategy is to attract retirement and second home (RSH) purchasers, according to a recent report from CB Richard Ellis Thailand. RSH purchasers have become major components in the tourism [...]