Market Insight

New Year ignites Phuket tourism

New Year ignites Phuket tourism

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PHUKET: Red lanterns are not only lighting up Phuket during the Chinese New Year festival, but also delighting tourist operators. As Chinese New Year celebrations start tomorrow, Phuket is starting to see an upswing in local tourism, which was dealt a major blow after the Phoenix boat tragedy last year […]

Thailand’s Central Group planning to invest $200 million in Grab

Thailand’s Central Group planning to invest $200 million in Grab

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Central Group, Thailand’s biggest shopping Centre and department store operator, is planning to invest US$200 million (6.3 billion Thai baht) in ride-hailing giant ‘Grab’, according to sources ‘familiar with the matter’ today. The deal seals a strategic partnership where the Thai retail giant will help Grab expand its business in […]

Incentive travel the fastest growing segment in Asia Pacific events business

Incentive travel the fastest growing segment in Asia Pacific events business

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Responding to a study that says incentive travel is the fastest growing segment in Asia-Pacific’s events business, the Thailand Conventions & Exhibitions Bureau is adapting its game plan to tap into this lucrative market. Last week, TCEB hosted the premier event, SITE’s 2019 Global Conference in Bangkok, a worldwide association […]

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 […]