TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Luxury Becomes A Dirty Word

Category: Tourism, Posted:24 Apr 2009 | 06:54 am

You name it Bernie Madoff, Paris Hilton's recent controversial shopping extravanga's, the Big 3 automakers showing up in the US capital in private jets and then of course AIG's over the top incentive parties in six star resorts. From Wall Street to Main Street everyone has felt the crunch of the economic crises and one of the new social phenomenons is "luxury guilt."
For those lauding lifestyles of the rich and famous the new mantra is taking it behind closed doors and publically taking an austere face. Luxury hotel brands are registering a significant drop in occupancies and most everyone these days are trading down rather then up in one way or another.
Taking a quick look at Google Trends the other day its revealing to see how over the past two years the key word 'luxury' when attached to certain phases has declined and at the same time words like 'cheap" are on the rise. Everyone is looking for a deal and the paradigm of the Phuket property market in using the term certainly looks due for an update.
At the same time as the reversal of fortunes for luxury more revealing is the sky rocketing fame of Scottish singer Susan Boyle who appears on Britain's Got Talent and to date has garnered over 50 million views on YouTube with an appearance on Oprah coming up. She represents a stunning turnaround in what the masses aspire and appreciate. Certainly it will be interesting to see how luxury products on the island move to address what's no become something best lived out in private. Thought of course with the great variety of private gated estates and pool villas this may be the best place for those in the know to ride out public opinion.

Other News

Read more

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 […]
Read more

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 […]
Read more

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 […]