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Asia's Hotel Pipeline Retracts 17% in Third Quarter

Category: Hotels, Posted:10 Dec 2009 | 04:08 am

For Q3 Asia's hotel pipeline has retracted by 17% for projects versus Q2 of 2009 according to figures released by Lodging Economics. Development went from 2,226 project down to 1,841; though in terms of total rooms the downward trend was 13%. The regions two bull markets India and China account for 81% of the new supply in hotel projects.
Asia has continued to lead the world with its continued pipeline sustained during the global recession but at the same time while projects at more advanced phases of development are continuing, those still in early planning are where the write off's are for the moment. At the same time many Asian high net worth hotel owners have elected to look at stressed existing assets with developing market such as Australia favored.

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Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
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Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
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Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]