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Dubai Liquidity Issues Mute Hotel Transactions

Category: Hotels, Posted:12 Sep 2009 | 09:49 am

Despite many institutions turning to developed hotel markets to buy assets for long term yield potential the current lack of liquidity in Dubai is limiting hotel transaction volume. Unlike the flight of a great deal of hotel investment capital from Asia to purchase hotels in Australia with the promise of a solid developed market and ongoing yields, these buyers are coming up short in the Middle East.
Sellers are also a scarce breed with operating margins in the market retaining reasonable levels of profitability so while there may be some stress, there is little distress. It's not unlike the current transaction market in Thailand or Phuket for that matter and we are still seeing few banner hotel sales similar to the 1997 Asian financial crises. At that time many thought hotel trading would be fast and furious but it simply did not happen. What we do see is smaller assets trading though pricing is not rock bottom and the more developed markets attracting increasingly cautious buyers.

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The Green Minute – PHIST 2023

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TG’s Big Birds Set To Fly Phuket Bangkok Route Again

Category: Tourism, Posted:08 Sep 2023 | 16:14 pm One good indication of Phuket’s return to tourism recovery is airlift growth. Making news this week is Thai Airways International’s reported resumption of service on the high-traffic Phuket Bangkok route. The airline will start a once-daily right on 1st October 2023. Thai Smile (WE) will still operate other flights til the end of November when […]
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