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Rising Oil Prices Could Impact Tourism Recovery

Category: Tourism, Posted:15 Jul 2009 | 09:08 am

With oil prices now teetering on the US$60 a barrel level, many global airlines are reviewing fuel hedging issues and possibly a return to surcharges which for the most part were discontinued during the economic downturn that say oil trading in the US$30 level. Long haul markets are the most susceptible to these, where the all important airlift capacity (available seats) has shrunk by wholesale levels from North America and Europe over the past year. If oil prices do spike upward, this could spell trouble for the upcoming high season with many long haul travelers looking to holiday in locations closer to their homes.
Here in Asia Cathay Pacific saw their profits plummet on miscalculations over fuel hedging and for airlines such as Thai between 30-40% of their operating costs are attributed to the precious commodity. Thai has indicated that it will possibly be canceling its order for the super jumbo A380 and may be looking a smaller aircraft to replace this.
Despite travel declines some regional low cost airlines such as AirAsia are in expansion mode and launched long haul affiliate AirAsia X. At the recent Paris Air show many of the smaller aircraft such as Airbus A320 and A321; though the wide-bodied A350 which is slated to roll out in 2013 will compete with Boeings overdue 787 Dreamliner.
For Phuket's airport expansion the trend in smaller regional aircraft shows there is little necessity to lengthen the runway as looking into the future smaller not larger appears to be the trend in airline travel. The money earmarked for the new terminal and an upgrade is certainly better spent improving the passenger facilities and existing infrastructure.

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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