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PATA Forecasts 10% Visitor Decline

Category: Tourism, Posted:22 Jul 2009 | 09:49 am

Leading industry organization Pacific Area Travel Association (PATA) is forecasting a 10% decline in visitors for the year 2009. Aside from the existing factors such as reduced long haul airlift, a continued global recession and rising unemployment additional concerns on the H1N1 virus has caused a further downgrade for the prospects of recovery this year.
Tourism Authority of Thailand (TAT) has downgraded its projection for tourism down to 13.2 million though most industry insiders are benchmarking the years figure close to 12 million. While the recent events in Jakarta may see a redirect of some traffic into Thailand as Australia has already issues some travel advisories the Bali market summer season is well underway and it's doubtful to see a larger scale impact for the moment.

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C9 Hotelwork’s Releases Philippines Branded Residences Report

Category: Real estate, Posted:25 Feb 2024 | 19:51 pm The Philippines branded residences market is experiencing a significant maturation, impacted by urbanization and a post-pandemic shift in lifestyle changes. The market is poised for a high level of growth. C9 Hotelworks newly released Philippines Branded Residences Market Update shows a 105% increase in the pipeline, translating to an additional 5,599 units supplementing the current […]
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Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
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GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
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