TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Phuket Airport Arrivals In 2011 Top 4.2 Million

Category: Tourism, Posted:13 Jan 2012 | 13:50 pm

Arrivals at Phuket International Airport reached 4,228,633 for the full year in 2011. This compared to 2010's total of 3,519,823.
Key year on year growth was in international traffic (arrivals and departures) which clocked in with a 30.77% surge. Total passenger volume moved past the 8.4 million marker.
Mounting concerns over the delay in the construction of a new international terminal which has now been announced as set to complete only by 2015 could restrain short term sustainable growth.
Speaking to a number of Phuket hotel's, a significant trend is a reduction in the expected volume of Russian wholesale bookings. In many cases prepaid room allotments are not hitting the numbers back of a travel slowdown due to concerns over the Russian elections.
Charter flight load factors have been hit, and large wholesalers look to take absorb financial losses with the retraction in trading numbers. What's unknown at this time is will the business rebound quickly after the event, and also just how deep is the captive marketplace.
Winding back the clock the scenario is reminiscent of the overleveraging into the Scandinavian market in Asia's resort destinations a number of years ago, where wholesalers entered into long term prepaid room arrangements and when business levels retracted the lodging market was forced to look for replacement sources.
While the perception in the larger industry is that the Russian business is the bottom of the barrel in terms of room rates, given average lengths of stay which often hit 11 days the market is a key revenue contributor. If hotels are put into a position to replace the business with other Asian based short haul business, the negative impact on hotel rates could potentially be damaging.
Another key storyline will be the increase in the minimum wage which is set for April 1st where a new floor limit of THB300 baht per day or 35% increase further sets a hyperinflation script.
Expect hotel operating costs are set to go up and room rates remain volatile in the year ahead. RevPAR remains under the gun. While the Russian are still coming ,it remains to be seen if they come in the numbers expected.

Other News

Read more

Phuket International Reopening Next Week

Category: Tourism, Posted:30 Sep 2020 | 09:33 am The resort island of Phuket is preparing to welcome 120 Mainland Chinese overseas travelers from Guangzhou next week on October 8th. As per government guidelines, the visitors will stay in Alternative Local State Quarantine (ALSQ) hotels for 14 days. According to news sources and the Phuket public health office, there are presently nine hotels approved […]
Read more

The Future of Virtual Versus In-Person Hotel Events

Category: Hotels, Posted:25 Sep 2020 | 13:48 pm C9 Hotelworks and QUO have put together a short survey we hope you will take. As we look to the future of events for the hospitality and tourism sectors, we’re curious to understand more about your expectations and appetite. How far will you be willing to travel (if at all)? What subjects will you be […]
Read more

Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]