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Irish Doomsday Hotel Oversupply Offers Thailand Lessons

Category: Hotels, Posted:28 Nov 2009 | 07:32 am

A new report coordinated by the Irish Hotels Federation has recommended the closure of 25% or 15,000 of the countries hotel rooms due to a staggering oversupply situation. Back of an economic boom situation during much of this decade which featured significant tax breaks for developers, the end result is project's which are not economically realistic nor can they sustain the high debt ratios from over leveraging.
With current market wide occupancies in the mid 50% region, the industry is at great peril unless some dramatic reforms are adopted. The legacy of easy financing has resulted in many properties now operating with negative equity, meaning the value of the property is less then the debt owed on it.
Certainly this lesson is one that can easily be applied across the board in many counties in Asia including Thailand where banks continue to fund new hotel projects in market which are well past saturation and over the next decade the possibility of oversupply is a real and present danger to the overall health of hotel grade assets.

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]