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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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Bid Now. Only 8 Days Left For the PHAB Great Travel Auction

Category: Hotels, Posted:04 Jun 2024 | 07:52 am There are only 8 days left to bid on this year’s non-profit Phuket Hotels Association online charity travel auction. Amazing travel stays from London, Australia, Bali, Dubai, Paris, Maldives, and of course Phuket, Bangkok, and Koh Samui. There is even a vacation stay in Bhutan. All of the proceeds go to support the hospitality scholarship […]
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Dusit Ties Up With Layan Verde Phuket Branded Residences

Category: Hotels|Real estate, Posted:26 May 2024 | 16:53 pm Thai hospitality group Dusit International has signed a deal with VillaCarte Group for their upcoming Layan Verde project in Bangtao Phuket. The agreement covers 633 units under two brands – Dusit Residences and a Dusit Collection Hotel. An opening is planned in 2027 with a key highlight being an EDGE environmental certificate. VillaCarte Group has […]
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Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
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