TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

C9 HOTELWORKS REPORT 28% First Half Surge – Phuket Arrivals

Category: Hotels, Posted:18 Aug 2010 | 06:00 am

Phuket hotels are back on track from the low point of last year according to mid-year figures. Passenger traffic through Phuket International Airport in the first half this year surged 28% from a year earlier, and 13% from the latter half of 2009 signaling a solid return in its tourism industry.
A significant sign of recovery can be seen in the improvement of hotel wide performance. Hoteliers saw higher occupancies rise from 61% in H1 2009 to 70% in the same period this year. This did come at a cost resulting in a decrease in room rates by 9%. Industry metric RevPAR posted growth over the same period last year by 4%.
Market dynamics are evolving with a game changing shift in tourist profile from a historical 'Eurocentric' dependence on long haul European visitors to short haul Asian travelers. Driving this trend is a weakening of the euro and pound which have jolted traditional market sentiment and transformed travel patterns to the resort island destination.
There might be blood as the hotel pipeline still shows development resilience and investment confidence with an additional 4,538 rooms or an 11% spike over the next four years. A concern on oversupply could be cushioned by induced demand and larger trading volumes come into play in the long term prospects.
The key storyline of infrastructure enhancements aimed at supporting a mass tourism model continues to create controversy about the future of Phuket 2.0.
To view the C9 Hotelworks 'Phuket Hotel Market Report 2010 Mid-Year Edition' <link>http://www.c9hotelworks.com/downloads/phuket-hotel-update-august-2010.pdf*CLICK</link>

Other News

Read more

Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
Read more

Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
Read more

UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
SiaJai logo

Thailand's Leading Homecare Marketplace