TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Underground Hotel Ban Hits NY, Paris, Maui

Category: Hotels, Posted:26 Aug 2010 | 06:00 am

First came a legal action in Maui over complaints from fulltime residents over high volumes of tourists renting in residential complexes.
Next up Paris, where the Mayor headed legislation against transient short term visitors where no term less than 1 year is now allowed.
This also was meant to hit the speculative real estate investment sector where overseas investors had started to eat into the market, often making minimal use of an apartment and then focusing on a rental yield strategy to boost recurring income.
Now the Big Apple New York has outlawed rentals which are 30 days or less. There is an exception with bed and breakfast operations in which the owner is present.
The underground hotel movement or alternative accommodation market has continued to be a global phenomenon often taking advantage of vague legal structures and in many cases becoming direct competitors to hotels which have to pay substantially higher taxes and are often severely regulated.
For now the alternative or gray market is continuing to grow but as Phuket continues to see more competition from residences operating as hotels, expect pressure to come on taxation and regulatory procedures in the not too distant future.

Other News

Read more

Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
Read more

Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
Read more

New C9 Hotelworks Phuket Hotel and Tourism Update Released

Category: Hotels|Tourism, Posted:05 Sep 2022 | 20:15 pm Since the easing of travel restrictions in Thailand, pent-up demand has continued to push travelers to Phuket.  The first half of 2022 created positive market sentiment, as the Island welcomed 1.78 million visitors, a 342% increase over the same period last year. European source markets delivered higher volumes in the first quarter, while Asian source […]
SiaJai logo

Thailand's Leading Homecare Marketplace