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PATA Forecasts 10% Visitor Decline

Category: Tourism, Posted:22 Jul 2009 | 09:49 am

Leading industry organization Pacific Area Travel Association (PATA) is forecasting a 10% decline in visitors for the year 2009. Aside from the existing factors such as reduced long haul airlift, a continued global recession and rising unemployment additional concerns on the H1N1 virus has caused a further downgrade for the prospects of recovery this year.
Tourism Authority of Thailand (TAT) has downgraded its projection for tourism down to 13.2 million though most industry insiders are benchmarking the years figure close to 12 million. While the recent events in Jakarta may see a redirect of some traffic into Thailand as Australia has already issues some travel advisories the Bali market summer season is well underway and it's doubtful to see a larger scale impact for the moment.

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Gamechanger: Phuket’s 80-Meter Development Height Restriction Repealed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