TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bali Forecasting 3.8 Million international Arrivals

Category: Tourism, Posted:27 Oct 2014 | 06:00 am

The tug a war between Phuket and Bali for international resort travelers could see the Island of the Gods nudge Thailand's leading resort destination in 2014.
According to data on BaliDiscovery.com mid-year foreign arrivals topped 2 million, and are expected to achieve over 3.8 million for the full year by the end of December.
One key take away from the Bali performance is that at mid-year regional visitors accounted for close to 90% of the market. To qualify this, it means the domestic segment plus Asia Pacific. Without a doubt the East is the new West.
Given the knock on effect on this year's Thai political issues and curfew, Phuket's numbers from May onwards year-on-year have seen negative growth.
Expectations remain strong that a fourth quarter surge will see the variance shored up, but from our discussions with hoteliers this year's high season is rebounding but majority of this is focused on peak demand periods.
Question marks remain over the impact the lack of beach facilities will have on the Euro-centric legacy snowbird market, and also the impact of a fast depreciating Russian Rouble.
Currency volatility and geopolitics issues could be tourism game changers for the foreseeable future.

Other News

Read more

MIRA Valley Phuket Preview Sessions This Friday

Category: Real estate|Tourism, Posted:22 Apr 2024 | 07:28 am Catch this special event this coming Friday 26th April with a special preview of the new MIRA Valley master-planned community in the heart of Phuket, Manik. This is an amazing opportunity to acquire a development plot in a larger high-quality community. This will be of special interest to property developers looking for land parcels, investors. […]
Read more

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
Read more

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
SiaJai logo

Thailand's Leading Homecare Marketplace