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Underground Hotel Ban Hits NY, Paris, Maui

Category: Hotels, Posted:26 Aug 2010 | 06:00 am

First came a legal action in Maui over complaints from fulltime residents over high volumes of tourists renting in residential complexes.
Next up Paris, where the Mayor headed legislation against transient short term visitors where no term less than 1 year is now allowed.
This also was meant to hit the speculative real estate investment sector where overseas investors had started to eat into the market, often making minimal use of an apartment and then focusing on a rental yield strategy to boost recurring income.
Now the Big Apple New York has outlawed rentals which are 30 days or less. There is an exception with bed and breakfast operations in which the owner is present.
The underground hotel movement or alternative accommodation market has continued to be a global phenomenon often taking advantage of vague legal structures and in many cases becoming direct competitors to hotels which have to pay substantially higher taxes and are often severely regulated.
For now the alternative or gray market is continuing to grow but as Phuket continues to see more competition from residences operating as hotels, expect pressure to come on taxation and regulatory procedures in the not too distant future.

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The C9 Sessions – The Growth of Branded Residences in the Philippines

Category: Real estate, Posted:23 Jan 2025 | 11:33 am Branded residences and mixed-use projects are becoming a significant player in Philippines’s hospitality space. As property developers, real estate investors and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute learning session about all the moving parts in this rising marketplace. The session will feature […]
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Video Sessions From Thailand Tourism Forum 2025

Category: Hotels|Real estate|Tourism, Posted:22 Jan 2025 | 08:18 am In case you missed the Thailand Tourism Forum 2025 in Bangkok last week or did attend, and want to rewatch some sessions please find video links to all below. The event drew over 1,000 attendees and was the 14th year for TTF. We look forward to returning in 2026, but for now please enjoy the […]
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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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