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Hawaii's Resort Market at Lowest Point in Over 20 Years

Category: Hotels, Posted:08 Jul 2009 | 08:52 am

One of the worlds leading resort destination Hawaii has seen its lowest performance since 1987. Industry media reports have highlighted that despite offering deep discounts, the tactic has not stimulated demand for hotel rooms. Speaking to local hoteliers their feeling is the bottom has not year been hit and that prospects for recovery in 2009 seem remote.
The Hawaii Visitors Bureau (HVB) is targeting inter-island travel and local tourism as a stop gap measure to shore up volume. The associated service industries such as restaurants and tourist attractions are feeling the bite and are hit hard on cash flow; hence targeting revenue at lower margins.
Here on another island sentiment on recovery of tourism this year looks to be pushing into next year, and occupancy over rate tactics look to dominate the short to medium term business strategies.

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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 […]
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Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
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Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
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