TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Financial Crisis Woes Will Impact Phuket

Category: Tourism, Posted:08 Aug 2011 | 06:00 am

All eyes this week are turned to the financial markets today as jitters are being felt all over the globe.
There are no safe havens as was seen by the share hits taken on the Asian bourses late last week.
While Thailand now has reason to celebrate with peaceful elections and a clear mandate going forward, the question on many lips is – has the country waited to too long and is a late arrival at the cocktail party of booming regional economies?
Yingluck Shinawatra has her work cut out with the campaign promises of increased minimum wages.
Over the past few months building costs are already mounting and developers are expected overheads to inflate by the end of the year at 5-7%.
Tourism and property are key drivers for prosperity on the island and both sectors look to be impacted.
Hoteliers are anxiously looking toward the coming high season with worrisome optimism and a paranoid glance over their shoulders.
As the world goes, may very well affect how Phuket goes in the months ahead.

Other News

Read more

C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
Read more

Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
Read more

Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
SiaJai logo

Thailand's Leading Homecare Marketplace