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China Stocks Plunge In Pandemic

Category: Real estate, Posted:08 Jul 2015 | 11:29 am

All eyes today in the financial markets are looking at China, which is seeing a massive devaluation of stocks.
Hundreds of companies have requested that their traded shares be suspended.
Over the last month nearly 30% of the market value has evaporated.
While the impending Grexit was thought to have been this week's top news story, China is now front and center stage.
For tourism players the downturn may very well be immense.
Again 2015 is shaping up by disruptive events across the globe.
Should the Euro drop and the Chinese travel market retract, Phuket may soon be wishing for a return to the good old days.

Other News

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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 […]
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Travel Between Bangkok and Phuket Without Quarantine Allowed

Category: Tourism, Posted:13 Jan 2021 | 10:40 am There is currently a lot of confusion on whether travel between Phuket and Bangkok is allowed, and whether a 14-day quarantine is required. The Phuket Covid-19 Information Centre have posted in Thai language only that temporary visitation is allowed (not more than 14 days). Those coming from the maximum controlled areas, high-risk areas and four […]
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Is A Forced Closure Order For Phuket Hotels Needed?

Category: Hotels, Posted:10 Jan 2021 | 18:18 pm On Saturday 9th January a new order from the Phuket governor that requires a 14-day quarantine for arrivals from Thailand’s ‘red zone’ areas has thrust the island’s hotel and tourism sector into unknown territory. The impact over the past week, post-New Year on travel to the island has methodically ground down airlift to the point […]