Hotel investments in key tourist destinations like Phuket and Samui have become more attractive than Bangkok as global players are considering return on investment more carefully, according to leading hotel investment and consultant firms. “Local hotel investors understand the political problems and see this as an opportunity to invest in hotels, whilst offshore investors are [...]

The resort island of Koh Samui is experiencing growing pains as hotel supply hits 16,069 rooms according to the Samui Hotel Market Update, an extensive research project into the market undertaken by leading Thailand consulting firm C9 Hotelworks. Citing the prevailing challenge for the destination was a distinct lack of direct international flights, as domestic [...]

CEO Yongyutt Chaipromprasith said the company would focus heavily on marketing and promotions for The Shasa Hotel Casavela on Koh Samui this year after completing test runs of its operational systems. About 550 million baht was invested in the hotel that officially opened at the end of 2008. “We expect an average occupancy rate of [...]

The property consultancy firm Agency for Real Estate Affairs (AREA) has disclosed that 21 property projects on Koh Samui have been adversely affected by the current global economic crisis, suffering losses of as much as Bt16.943 billion for lack of buyers during the first half of the year. Vasan Khongjan, AREA managing director, said his [...]

Global and domestic crises are worsening and moving through the first quarter of 2009 the market outlook forecasts an extremely challenging property market in Samui and other key resort areas in Thailand, according to C9 Hotelworks´ latest Samui Luxury Villa Market Report. “The evolving tourism sectors and broadening access to Samui introduce a new set [...]