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Will Euro Drop Hit Phuket Property?

Category: Real estate, Posted:06 May 2010 | 06:00 am

As the Euro hits a one year low on the fringes of an exchange rate of USD$1.30 to the US dollar the real estate market is poised with uncertainty over the trickledown effect.
Over the past two years currency fluctuations have played havoc with prospective property buyers with the most decided negative being the plunge of the British pound. Both UK expats and residents have been large scale buyers in the foreign dominated market, and what amounted to an early crash out hit sales streams.
Back of continued worries over the Greek bail-out, stock markets around the world included the Dow Jones saw jitters. Bizarrely enough the Thai baht despite an economic pounding by political upheavals has continued to stay at exceptionally high levels.
After the recent peace initiatives and promise of November elections hit newlines, the SET (Stock Exchange of Thailand) was up. Most market watchers expect the Thai currency to trade within a limited band at its current level.
For developers looking to move up sales pace, there major overseas currencies look to be a hindrance rather than help for the foreseeable future.

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Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
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Thailand’s Traveler Restrictions Set to Roll Back 1st July

Category: Hotels|Tourism, Posted:18 Jun 2022 | 09:14 am The wait is over for Thailand’s battered hotel and tourism sectors, with an announcement by the government that the cumbersome Thailand Pass process will be removed by 1st July. Travelers to the Kingdom will no longer be subjected to the online application and approval process. Another restriction for tourists is the Covid-19 USD10,000 insurance requirement, […]
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Thai Group CPN Investing Into 37 New Hotels

Category: Hotels, Posted:12 Jun 2022 | 15:46 pm Thailand’s listed CPN Group (Central Pattana PCL) is set to inject USD288 million into 37 new hotels across Thailand. CPN’s reported strategy is to include hotel components in every new mixed-use retail project across the country. The investment is being targeted into three tiers of hotel assets. The first is a new budget chain Go!. […]
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