Tourism and Property Investment Surge Drives Phuket’s Economy to New Highs
Phuket, Thailand, January 24, 2007 --(PR.com)-- Thailand’s tropical paradise island Phuket continues to out-perform its Asian rivals in the intense competition for tourists who demand luxury accommodation managed by some of the world’s most prominent hotel organisations.The Mövenpick Residence is a prime example of internationally managed projects driving demand.
This in turn, has spurred substantial levels of investor interest in the destination’s every-growing property market and higher than ever interest from international hotel management companies searching from new projects along the Andaman coastline.
Tourist arrivals in Phuket reached 4.7 million in 2006, who in turn produced tourism-related spending of USD1.7 billion, up 87% from 2005, according to research from the Kasikorn Bank’s Research Centre. This year Phuket is predicted to welcome 5.2 million tourists who will spend USD2 billion during their time on the island.
These numbers are being driven by the emergence of low-cost carriers serving the island’s airport. Tiger Airways now flies three times daily from Singapore, Jetstar Asia has started direct flights from Sydney and Dragonair recently resumed daily flights from Hong Kong. Rights for direct flights from the Middle East are being finalised now with flights to commence soon.
According Phuket-based C9 Hotelworks Managing Director, Mr Bill Barnett, says the trend towards luxury accommodation developers selecting an international hotel chain to manage the property – and ensuring rental returns for owners – has elevated Phuket’s investment landscape to its strongest position in many years.
Mr Barnett is involved in many projects on the island including heading up project marketing at the Mövenpick Residence Karon Beach Phuket.
He adds the Mövenpick Residence is a prime example of internationally managed projects driving demand, with other leading operators such as the Shangri La, Raffles, Jumeirah, Taj, Dusit, and Banyan Tree groups poised to launch similar projects while leveraging their brand equity to inspire investor confidence.
“Phuket has recaptured its place as Asia’s premier resort location and is now headed towards becoming a world class destination capturing an increasing international marketplace,” Mr Barnett says.
“Niche products such as the Moevenpick Residences are capturing a global phenomenon with international brands now aligning themselves with mixed use developments and offering high yielding lifestyle investments.”
“Phuket’s property market is as robust as it has ever been with many major institutional investors entering the sector, and this, combined with a boom in the Phuket travel market, points to internationally managed apartment ownership being a sound investment choice.”
The new two-bedroom accommodation at the Mövenpick Residence is set on 2.5km of pristine white sandy beach, affording travellers the privacy to create a “home” during their stay while take full advantage of all luxury facilities at the adjacent Mövenpick Resort and Spa Karon Beach, including the vast spa complex, food and beverage outlets and all recreational facilities.
About C9 Hotelworks
C9 Hotelworks has significant experience in the Asia Pacific region headed by Managing Director Bill Barnett and Michael Cowan.
As experienced corporate hotel management executives C9 Hotelworks represents the best interests of owners of hospitality assets through independent advice and consultation. Such advice assists owners when evaluating the hotels operation, management and returns.
Analysing research, forecasting and advising C9 Hotelworks have the skill and experience required to focus on the key issues, evaluate complex ones and assist our clients to achieve results.
Issued on behalf of C9 Hotelworks by Delivering Asia Communications – for further information please contact:
Ms Isara (Liz) Pangchan
Sales & Marketing Manager
Mövenpick Residence Karon Beach Phuket
Tel: +66 (0) 76 396146
E-mail: sales@residencekaron.com
For high resolution photography, please contact Mark Armsden at ma@deliveringasia.com
###
This in turn, has spurred substantial levels of investor interest in the destination’s every-growing property market and higher than ever interest from international hotel management companies searching from new projects along the Andaman coastline.
Tourist arrivals in Phuket reached 4.7 million in 2006, who in turn produced tourism-related spending of USD1.7 billion, up 87% from 2005, according to research from the Kasikorn Bank’s Research Centre. This year Phuket is predicted to welcome 5.2 million tourists who will spend USD2 billion during their time on the island.
These numbers are being driven by the emergence of low-cost carriers serving the island’s airport. Tiger Airways now flies three times daily from Singapore, Jetstar Asia has started direct flights from Sydney and Dragonair recently resumed daily flights from Hong Kong. Rights for direct flights from the Middle East are being finalised now with flights to commence soon.
According Phuket-based C9 Hotelworks Managing Director, Mr Bill Barnett, says the trend towards luxury accommodation developers selecting an international hotel chain to manage the property – and ensuring rental returns for owners – has elevated Phuket’s investment landscape to its strongest position in many years.
Mr Barnett is involved in many projects on the island including heading up project marketing at the Mövenpick Residence Karon Beach Phuket.
He adds the Mövenpick Residence is a prime example of internationally managed projects driving demand, with other leading operators such as the Shangri La, Raffles, Jumeirah, Taj, Dusit, and Banyan Tree groups poised to launch similar projects while leveraging their brand equity to inspire investor confidence.
“Phuket has recaptured its place as Asia’s premier resort location and is now headed towards becoming a world class destination capturing an increasing international marketplace,” Mr Barnett says.
“Niche products such as the Moevenpick Residences are capturing a global phenomenon with international brands now aligning themselves with mixed use developments and offering high yielding lifestyle investments.”
“Phuket’s property market is as robust as it has ever been with many major institutional investors entering the sector, and this, combined with a boom in the Phuket travel market, points to internationally managed apartment ownership being a sound investment choice.”
The new two-bedroom accommodation at the Mövenpick Residence is set on 2.5km of pristine white sandy beach, affording travellers the privacy to create a “home” during their stay while take full advantage of all luxury facilities at the adjacent Mövenpick Resort and Spa Karon Beach, including the vast spa complex, food and beverage outlets and all recreational facilities.
About C9 Hotelworks
C9 Hotelworks has significant experience in the Asia Pacific region headed by Managing Director Bill Barnett and Michael Cowan.
As experienced corporate hotel management executives C9 Hotelworks represents the best interests of owners of hospitality assets through independent advice and consultation. Such advice assists owners when evaluating the hotels operation, management and returns.
Analysing research, forecasting and advising C9 Hotelworks have the skill and experience required to focus on the key issues, evaluate complex ones and assist our clients to achieve results.
Issued on behalf of C9 Hotelworks by Delivering Asia Communications – for further information please contact:
Ms Isara (Liz) Pangchan
Sales & Marketing Manager
Mövenpick Residence Karon Beach Phuket
Tel: +66 (0) 76 396146
E-mail: sales@residencekaron.com
For high resolution photography, please contact Mark Armsden at ma@deliveringasia.com
###
Contact
Moevenpick Residence Karon Beach Phuket
Ms. Isara Pangchan
+6676396146
residencekaron.com
View a video tour of the Movenpick Residence Karon Beach Phuket
http://www.residencekaron.com/files/video.asp
Ms. Isara Pangchan
+6676396146
residencekaron.com
View a video tour of the Movenpick Residence Karon Beach Phuket
http://www.residencekaron.com/files/video.asp
Contact
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