Forecast 4.5% Growth for Thailand 2011 & the Effects on Castlewood Group's New Luxury Hotel
Forecast for Thailand in 2011 sees a 4.5% growth, due to rising demand for exportation and strengths in household spending amid economic stability. “Thailand’s economy is progressing to lead the Asian market,” Chris Comer, Managing Director of Castlewood Group, commented. “Investment solutions and exportation in Thailand is helping the economy expand and grow in many areas.”
Phuket, Thailand, March 06, 2011 --(PR.com)-- Forecast for Thailand in 2011 sees a 4.5% growth, due to rising demand for exportation and strengths in household spending amid economic stability. - According to the National Economic and Social Development Board (NESDB)
Overseas shipments increased by 21% in the last quarter of 2010 and are set to raise another 3.5-4.5% this year. Visitors to Thailand are expected to reach 16.8-17 million for 2011, 10 million more than the previous year as predicted by the NESDB.
“Thailand’s economy is progressing to lead the Asian market,” Chris Comer, Managing Director of Castlewood Group, commented. “Investment solutions and exportation in Thailand is helping the economy expand and grow in many areas. With the Thai economy thriving, income is projected to go up for the government, private and public sectors."
Thailand, located in Southeast Asia, the northernmost point borders both Laos and (Myanmar) Burma, is made up of four main regions:
North- Mountainous region which contains many ruins, temples and the old city of Chieng Mai, it is also home to ethnic groups of people whom arrived thousands of years ago and migrated from Tibet and China, these people are the hill tribes of Thailand.
North East – The least visited part of Thailand and is practically desolate.
Central – Most populated region and home to the capital city of Bangkok.
South- Stunning tropical islands including Phuket; arguably the most beautiful of the countries islands, with breathtaking beaches stretching for miles along the Peninsula. Castlewood Groups new 8over 8 Hotel will boast an enviable position on the West Coast of Phuket close to the luxury resort of Laguna and fronting the warm turquoise waters of the Andaman Sea.
Phuket is Thailand’s largest island and is mainly mountainous, from north to south it is around 30 miles (48 km) and east to west, 13 miles (21 km) it is actually about the same size as Singapore. The West coast of Phuket offers the best sandy beaches; including Patong, which is now very developed and is most popular with younger crowds due to the nightlife and cheap shopping. North of Patong are the much less developed areas sought out by couples, families and others looking for a relaxed and less crowded holiday and to experience the true beauty of Thailand.
Bangtao Beach is one such place where Hotels have been built with the landscape in mind and in keeping with the natural beauty of the island. The 8over8 hotel will be in this region and promises to offer something very different in luxury accommodation according to Castlewood Group.
Castlewood Group, a leading commercial real estate company based in Singapore, will be developing their newest hotel, 8over8. The 8over8 Hotel will be built in Phuket, Thailand, situated close to Laguna and Bang Tao Beach.
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Overseas shipments increased by 21% in the last quarter of 2010 and are set to raise another 3.5-4.5% this year. Visitors to Thailand are expected to reach 16.8-17 million for 2011, 10 million more than the previous year as predicted by the NESDB.
“Thailand’s economy is progressing to lead the Asian market,” Chris Comer, Managing Director of Castlewood Group, commented. “Investment solutions and exportation in Thailand is helping the economy expand and grow in many areas. With the Thai economy thriving, income is projected to go up for the government, private and public sectors."
Thailand, located in Southeast Asia, the northernmost point borders both Laos and (Myanmar) Burma, is made up of four main regions:
North- Mountainous region which contains many ruins, temples and the old city of Chieng Mai, it is also home to ethnic groups of people whom arrived thousands of years ago and migrated from Tibet and China, these people are the hill tribes of Thailand.
North East – The least visited part of Thailand and is practically desolate.
Central – Most populated region and home to the capital city of Bangkok.
South- Stunning tropical islands including Phuket; arguably the most beautiful of the countries islands, with breathtaking beaches stretching for miles along the Peninsula. Castlewood Groups new 8over 8 Hotel will boast an enviable position on the West Coast of Phuket close to the luxury resort of Laguna and fronting the warm turquoise waters of the Andaman Sea.
Phuket is Thailand’s largest island and is mainly mountainous, from north to south it is around 30 miles (48 km) and east to west, 13 miles (21 km) it is actually about the same size as Singapore. The West coast of Phuket offers the best sandy beaches; including Patong, which is now very developed and is most popular with younger crowds due to the nightlife and cheap shopping. North of Patong are the much less developed areas sought out by couples, families and others looking for a relaxed and less crowded holiday and to experience the true beauty of Thailand.
Bangtao Beach is one such place where Hotels have been built with the landscape in mind and in keeping with the natural beauty of the island. The 8over8 hotel will be in this region and promises to offer something very different in luxury accommodation according to Castlewood Group.
Castlewood Group, a leading commercial real estate company based in Singapore, will be developing their newest hotel, 8over8. The 8over8 Hotel will be built in Phuket, Thailand, situated close to Laguna and Bang Tao Beach.
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Contact
Castlewood Group
Nicola Bird
+34 952568131
www.castlewoodgroup.com
Nicola Bird
+34 952568131
www.castlewoodgroup.com
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