Market Insight

Asia Pacific commercial real estate investment to rise by 5% in 2019, says JLL

Asia Pacific commercial real estate investment to rise by 5% in 2019, says JLL

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BANGKOK: Asia-Pacific’s overall real estate transaction volumes in 2019 are expected to rise by 5%, says global real estate consultant JLL. “A decade into the economic cycle, investors are contending with macro risks and geopolitical uncertainty such as rising interest rates, continued trade tensions between the US and China, as […]

Sporting events, meetings and Indian weddings spur Phuket tourism in 2018

Sporting events, meetings and Indian weddings spur Phuket tourism in 2018

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Phuket’s surging MICE market is now valued at 10.9 billion baht, as meetings, incentives and exhibitions attracted over 800,000 visitors to resort island in the last year. The islands increasingly prolific MICE market nearly doubled in year-on-year growth in 2017.  As revenue for the segment skyrocketed from 5.9 billion baht to […]

Khiri Travel at 25: Founder Willem Niemeijer shares 5 x 5 Truths and Predictions on tourism

Khiri Travel at 25: Founder Willem Niemeijer shares 5 x 5 Truths and Predictions on tourism

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Khiri Travel celebrated 25 years in business in 2018. Looking back on a quarter century in travel in Asia, Khiri Travel founder, Willem Niemeijer, shares 5 x 5 insights that inform his travel industry decision making in 2018 and plans for 2019 and beyond: 5 Truths 1. When you choose […]

Number of tourists visiting Phuket still high – TAT Phuket

Number of tourists visiting Phuket still high – TAT Phuket

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In response to a number of completely fabricated negative stories about Phuket’s current tourism situation, Kanokkittika Kritwuttikorn, the director of Tourism Authority of Thailand (TAT) Phuket Office says, “Number of tourists visiting Phuket is still good when compared to last year’s numbers. We’ve also spoken to many regional tour operators […]

How will ‘Chindia’ change Phuket’s tourism future?’

How will ‘Chindia’ change Phuket’s tourism future?’

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For a great number of Phuket hoteliers, the first half of 2018 saw marketplace velocity, where RevPAR’s rose on surging demand, and the most often heard comment was the ignominious ‘same same’. Though room rate growth was not there, volume ruled the day. Next came, what is referred to on […]

Thai AirAsia flies into red as Chinese travellers decline

Thai AirAsia flies into red as Chinese travellers decline

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BANGKOK: The drop in Chinese visitors to Thailand and higher fuel prices resulted in a loss for Thai AirAsia in the third quarter but it hopes for a better financial performance in the last three months of the year. SET-listed Asia Aviation Plc (AAV), the operator of the budget carrier, […]

Chinese tourist volume continues dip, but FITs rise

Chinese tourist volume continues dip, but FITs rise

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BANGKOK: The number of Chinese tourists visiting Thailand during this quarter is expected to continue dropping, say research houses. It remains uncertain whether the government can reverse the slowdown in visitors from China during the peak travel season from October through to the end of the first quarter, said Standard […]

The evolution of an island – Phuket’s rise and rise

The evolution of an island – Phuket’s rise and rise

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“Thailand’s great push forward on mega-transportation projects is seeing strong dividends being paid in its tourism industry. One key example is Phuket, where passenger arrivals grew by nearly 19% in the first four month of the year at the newly upgraded and expanded international airport.” Why Phuket? One only has […]

From tropical paradise to busy urban island – Phuket

From tropical paradise to busy urban island – Phuket

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Phuket’s tourists, expats and property buyers are finding new reasons to head to the Pearl of the Andaman. They’re now spending more time and money seeking out alternative activities in areas other than the famed west-coast beaches. A report says that the island is transforming into a more well-rounded destination […]

New Greater Phuket Airport to create tourism Golden Triangle

New Greater Phuket Airport to create tourism Golden Triangle

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An announcement by the Airports of Thailand (AoT) about approval of a plan for a new second Greater Phuket airport has created quite a stir in the tourism sector in one of Southeast Asia’s leading resort markets. Located just over the Sarasin Bridge in Phang Nga’s Khok Kloi area, work […]