- Property
From Russia with Love. Russian buyers on the rebound.
From Russia with Love might is a James Bond 007 thriller but it has also been a mantra for island developers as the past nine months has seen a strong uptick in demand in Phuket real estate by Russian buyers. According to the recently released Phuket Russian Tourism Market report, over 51% of Russian travelers to Thailand come to Phuket.…
- Business News
Sports events leading the way in MICE
Sporting events are a key catalyst for Phuket’s MICE (meetings, incentives, conferencing, exhibitions) demand, with the industry valued at THB 5.74 billion. C9 Hotelworks has released their new Phuket MICE Tourism Market Update (c9hotelworks.com). With Thailand being ranked as the top MICE destination among ASEAN countries in 2016, Phuket is one of the major contributors with a total of 202,555 visitors.…
- News
Upgraded flights from Doha to Krabi.
Qatar Airways is upping flights from Doha to Krabi to a daily basis starting December 1st. The increase in service is a response to strong demand for the destination. Currently Qatar operates twice-daily flights to Phuket from Doha and the service taps into the airlines considerable European network. Last year passenger arrivals at Krabi International Airport hit a record high exceeding…
- Property
Do we need a new airport at Phang Nga?
As Thailand’s Phang Nga Province recorded a record high of nearly 4.5 million visitors in 2016, the lack of a gateway airport is looking to be a key stumbling block, according to a new report by consulting group C9 Hotelworks. Annual arrivals growth has slowed since 2014, but the compound annual growth rate for the five years ending 2016 remains…
- Business News
Property Lawyer Matthew McEvily Passes Away
Well-known longtime Phuket real estate lawyer Matthew McEvily passed away in the United States on June 20th. He was 59 years old. McEvily was actively involved in the real estate sector in Phuket, Bangkok and Samui. For a number of years he was a a partner in McEvily & Collins law firm, and later on his own under McEvily and…
- Thailand News
Phuket hotel registration remains a challenge
Phuket is attracting an ever-increasing number of international visitors to our golden beaches and turquoise seas. But many of the millions of travellers who visit Phuket each year could be staying in unlicensed – and effectively illegal – hotels. According to a new report by hospitality consulting group C9 Hotelworks, less than a quarter of hotels in Phuket (429 out…
- Property
Malaysia considers restricting foreign property purchases
A hot topic over the past month has been the Malaysian government’s review and possible increase of the set minimum of investment in property by foreign buyers.Currently the level for the most part is RM1 million (approximately USD225,000), The trigger of the issue has been the weakening Malaysian currency, the ringgit, which has been on the slide for a continued…
