Phuket Hotel Market Update — August 2010
Category : Phuket Market Reports
Posted On 2010-08-01 07:00:00
Dated report · August 2010
Source: C9 Hotelworks
Coverage: First half of 2010
Focus: Hotel recovery
C9’s mid-year report describes a recovery in airport arrivals and hotel occupancy following the weaker 2009 market. The improvement in trading volumes was accompanied by pressure on room rates.
At a glance
1.74 million
Visitor arrivals
H1 2010 figure reported by C9 · Source p. 1
70%
Hotel occupancy
H1 2010, compared with 61% in H1 2009 · Source p. 1
−9%
Average room-rate change
Year-on-year change reported for H1 2010 · Source p. 1
Reading the report
Higher occupancy did not mean higher room rates. The report also discusses changes in source markets and the development pipeline at that time.
What this means for buyers
Historical hotel trading is background research, not a forecast of rental income from an individual residential property.
Phuket Realtor editorial context; not a forecast from the report.
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail of your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand, Phuket Realtor.
David Henry is known for his integrity, high energy and hard work which goes into every detail of your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand, Phuket Realtor.
