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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.

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]