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Hotel Sector Property News - Thailand, Bangkok

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 improvement even allowing for the ... Read More >
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 last year. There were signs ... Read More >
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 end destination. The Phulay Bay ... Read More >
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 has clearly had a dramatic ... Read More >
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 suspended soon after People’s Alliance ... Read More >
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 as the UK have fallen ... Read More >
  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, with 17 hotels to be ... Read More >
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 individuals who choose Thailand as ... Read More >
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, as well as to Khao ... Read More >
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 and the resort markets. Investors ... Read More >
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 due to lack of hotel ... Read More >
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 and property markets in Spain, ... Read More >

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