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Oil Crisis Could Derail Tourism

Category: Tourism, Posted:24 Jun 2014 | 06:33 am

For Asian's the current Iraq crisis seems a world away, but in a global world that links around the world, external events continue to create domino a effect.
One key insight of the Iraq situation is that the country is OPEC's number two ranked oil supplier. Any disruption in supply can have a profound impact on broader oil prices.
Crude oil prices are already set to breach USD110 a barrel, and in the case of a long-term conflict could eclipse USD140.
For tourism oil prices drive airline seats up in cost and for hotel developers construction costs for new properties rise.

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Gamechanger: Phuket’s 80-Meter Development Height Restriction Repealed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