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PHUKET HOTEL DREAM Singapore Average Rates Skyrocket

Category: Hotels, Posted:09 Jun 2010 | 06:00 am

As the 'red' impact continues to suppress average rate growth in Phuket, Singapore hotel owners are looking at a 10-15% increase in 2010 as per leading consulting firm HVS.
While many naysayers have thought the island republics broad ambitions with the mega hotel destinations Marina Bay Sands and Sentosa's Resorts World would result in lower rates, the opposite has proved true as critical mass has increased demand and rates have shot up.
At the same time Singapore's hotel transaction market has been on fire with sales of the iconic Raffles Hotel, Swisshotel Merchant Court and now the IBIS which looks to trade at an extremely high number.

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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]