Wednesday, 06 September 2017 16:59

Airbnb Impacts Hospitality Industry of Thailand

Thailand welcomed a record-high 32.6 million foreign tourists last year, an increase of 9% from the year before. Hotels had an average occupancy rate of 77.5%, an increase of around 1.9 percentage points. With strong occupancy and arrival growth, the average daily rate of hotels of all grades in Bangkok increased to 3,371 baht, an improvement of 3% from a year earlier. Clearly, Thailand is a popular place to visit and there is strong demand for places to stay, but current laws prohibit owners from renting their private properties at a daily rate on Airbnb.

Sansiri Public Company Limited is confident of continued demand for holiday homes by Thai and foreign customers in Pattaya as the resort city remains one of the preferred tourist destinations in the country resulting in increased interests among investors in this venerable holiday city. The 2016 overall sales growth over the previous year among Thai and foreign customers in the condominium and single house markets, or the rental market was as much as 80 percent, especially for condominiums.

Singapore-based property investors ploughed US$6.8 billion into global real estate, up 20% and the second highest in the first half of the year after China.

Singapore-based institutional investors, property companies and private equity ploughed US$6.8 billion (S$9.24 billion) into global real estate, up 20 per cent from US$5.6 billion a year ago. That figure is a little more than half of the US$12.7 billion invested in office, retail, mixed-use, industrial, hotel, residential and other commercial sectors in 2016.

Thailand cabinet on Tuesday has approved the framework of the land and building tax bill after a long delay due to opposition from real estate developers.

Thailand Leading Property Developer Sansiri Public Co. Ltd. has been voted as Most Admired Brand by readers of popular magazines Brand Edge and The Company. Apichart Chutrakul, CEO of Sansiri thanked readers of the two publications and noted that the award demonstrated that the company’s projects were accepted and thought highly of by both customers and marketing experts alike.

As Bangkok’s luxury developer Raimon Land, a grand “Raimon Land Golden Ball Agent Night Party” was held on the evening of July 3rd for the agent in Centara Grand Mirage Beach Resort Pattaya.

Thailand premier luxury real estate developers Sansiri, held a press conference and media day on May 14 to give a construction progress update on ‘The Base condo of Central Pattaya, which is scheduled to be completed and ready for ownership transfer by April 2016.

Pattaya Luxuary property developer Globle Top Group open Celebrate party for EIA Approval of The Cloud Condo Pattaya Project.

Environmental Impact Assessment(EIA) is one of the environmental management tool used in project decision making. It is applied especially to some activities under the Ministerial Mandate.

Listed Thailand Luxury property developer Raimon Land recently announced the opening of its newly-designed showroom at Unixx Condo South Pattaya, showcasing what the company says is “the ultimate in resort-style living”.

Pattaya Property Developer Tulip Group held a party at the Centara Grand Phratamnak hotel on last month to celebrate the ongoing construction of the company’s Waterfront Condo Pattaya Suites & Residences project at Bali Hai in Pattaya. Over 120 guests were treated to dinner at the Oceana restaurant followed by drinks on the rooftop overlooking the Pattaya bay.

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