Kata's Club Med Renovating

Category: Hotels, Posted:28 Feb 2011 | 06:00 am

The Club Med resort on Kata beach is set to be renovated this year according to the company.
While the group continues to prosper in Southeast Asia one of its primary growth targets is into China.
Privately held Chinese firm Fosun which acquired a 10% equity stake is spearheading development which Club Med expects to evolve into their second largest market.
After opening a village in Yabuli, plans call for five more properties to enter the pipeline in the next 5 years.
One of the strongest indicators of brand metrics is that for the full year 2010 56% of bookings were made direct to the chain.

Other News

MIRA Valley Phuket Preview Sessions This Friday

Category: Real estate|Tourism, Posted:22 Apr 2024 | 07:28 am Catch this special event this coming Friday 26th April with a special preview of the new MIRA Valley master-planned community in the heart of Phuket, Manik. This is an amazing opportunity to acquire a development plot in a larger high-quality community. This will be of special interest to property developers looking for land parcels, investors. […]

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]

More Insider News