Erawan Takes On Thailand Budget Sector

Category: Hotels, Posted:14 Apr 2014 | 06:00 am

Listed hotel group Erawan has announced plans for a new budget hotel chain named Hop Inn Hotels.
Plans call for a strategic THB1.5 billion investment and target of 25 properties across Thailand.
The group has said conceptually the properties are under 80 rooms and are expecting to charge rates of THB500-600.
The initial roll out will see development in mainly Northern tertiary destinations and will later develop in the south of the country.
Erawan has a wide array of assets including the Grand Hyatt in Bangkok and JW Marriott along with properties flagged to Starwood's Luxury Collection, Holiday Inn, and Mercure.
They have a joint venture company with ACCOR for ibis properties.

Other News

Gamechanger: Phuket’s 80-Meter Development Height Restriction Repealed

Category: Hotels|Real estate, Posted:31 Dec 2024 | 11:19 am One of the most significant changes to Phuket’s real estate sector this year is the repeal of the 80-meter development height limit. In a recent Government Gazette, the Thai Cabinet approved a re-zoning proposal by the Minister of Natural Resources and Environment, which now allows development in Zone 6 of Phuket to extend up to […]

C9 Hotelworks Release Definitive Asia-wide Branded Residences Report

Category: Hotels|Real estate|Tourism, Posted:12 Dec 2024 | 08:30 am C9 Hotelworks Release Definitive Asia-wide Branded Residences Report Branded residences in Asia see record supply worth USD26.6 billion according to C9 Hotelworks new research report. The market shows a rising proportion of standalone and mixed-use developments, with a growing presence of brands beyond hospitality. The branded residences sector in Asia has achieved a record-breaking supply […]

From Spas to Longevity: Phuket Evolves into a Global Wellness Tourism Leader

Category: Hotels|Real estate|Tourism, Posted:29 Nov 2024 | 08:10 am Wellness tourism is in great shape. One of the fastest growing areas of the tourism industry, the sector has grown from a niche market for committed health seekers to become a THB 219 trillion (USD 6.3 trillion) global powerhouse. At the heart of this revolution is Asia Pacific, which accounts for 30% of the worldwide […]

More Insider News