Hotel investors look beyond Bangkok
"Local hotel investors understand the political problems and see this as an opportunity to invest in hotels, whilst offshore investors are generally taking a wait-and-see approach.
Interestingly, Thai tourist destinations outside of Bangkok, such as Phuket and Koh Samui, remain of high interest to international hotel investors, as the demonstrations are largely seen as limited to Bangkok with only a minor effect being seen in Phuket and Koh Samui, at this stage," said Andrew Langdon, senior vice president of Jones Lang LaSalle Hotels.
According to its recent research, there is a very large hotel supply due to enter the market in Thailand, particularly Bangkok. The capital will see over 9,300 rooms enter the market between now and 2015, of which more that 75 per cent is in the four and five-star market, and 64 per cent of this new supply will be located in the Sukhumvit and Phloenchit, Rajdamri, Siam Square areas.
In Asia, Thailand remains in the top five tourist destinations and will continue in our opinion to remain so. Thailand remains a firm favourite with tourists due to its shopping, good value destination, service quality, and accessibility.
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The organizers, Active Management Asia, also received support from the Tourism Authority of Thailand, the Tourism Association of Koh Samui and the Thai
The buddhist kingdom of Siam, from the crazy traffic of Bangkok to the regional towns like Chiang Mai and resorts like Phuket and Ko Samui, has always had
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