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Hotel Occupancy Shows Good Recovery in 2015

By on Jan 27, 2016 in Hotel-Tourism, Property News

Thailand’s hospitality industry reached new highs in 2015, enjoying its best year in more than two decades, according to research by STR Global.

Average occupancy for hotels in Thailand last year was 73.4 per cent, an increase of 13.6 percentage points over 2014 thanks to arrivals soaring to nearly 30 million, driven by the China market.

December alone was a particularly strong month as occupancy levels reached 77.4 per cent, the highest since 1995.

Jesper Palmqvist, Asia-Pacific area director for hotel-data analyst STR Global, said the number of arrivals to Thailand was expected to surpass 30 million this year, again driven by China despite the “new normal” of its economy.

Bill Barnett, managing director of C9 Hotelworks, said Thailand clearly enjoyed the most vibrant tourism industry in the region. It is attracting investment and is positioned as the tourism hub of the Asean Economic Community.

InterContinental Hotel Group yesterday unveiled the expansion plans of its Hotel Indigo brand in Phuket, after its Bangkok launch last year, and elsewhere in Southeast Asia.

Clarence Tan, IHG senior vice president for development in Asia, the Middle East and Africa, said the group would open the 180-room Hotel Indigo Phuket Patong in 2018 with its partner Kebsup Group Co. The brand will continue to expand across Southeast Asia this year with the opening of Hotel Indigo Katong in Singapore and Hotel Indigo Bali Seminyak.

Meanwhile Gaw Capital Partners, which handles more than US$10 billion (Bt360 billion) in hospitality and real-estate assets under management across the world, also has interests in Thailand.

These include Dusit Thani and Pullman G hotels in Bangkok and Pattaya and the upcoming Park Hyatt Phuket under the Pioneer Global Group.

Gaw Capital Partners also re-cently renovated the iconic The Strand Hotel Yangon in Myanmar, which it has owned for many years. It was built by the Sarkies Brothers, also famous for Singapore’s Raffles Hotel.

“As a destination for hotel investment, Thailand remains one of our preferred choices because it is one of the most attractive travel destinations in the region,” said Kenneth Gaw, president and managing principal of Gaw Capital Partners. “Operating costs are relatively low and there is an abundance of opportunities.”

Source: The Nation – 26 January 2016

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