Balidiscovery.com (2/9/2008)
Quoting a member of the Badung House of Representatives (DPRD) from nearby Legian, IGN Sudiarsa, the Bali Post questioned the building of the large apartment complex in an area zoned for residential purposes. In the legislator’s opinion, the operation of a commercial apartment complex including shopping and dining facilities is not in conformance […]
Asiatraveltips.com, 7 February 2008
By comparing average percentage differences in occupancies, average daily rates (ADR), and revenue per available room (RevPAR) between individual upscale Asian hotels and their competitive set between 2001 and 2006, Canina and Enz found that hotels that raise their rates slightly above those of competitors improve their revenues. On the other […]
The Nation, January 31, 2008
Hotel and tour operators foresee a tough time this year from several uncontrollable factors, including a global economic slowdown reducing tourist arrivals as the number of hotel rooms increases. The Thai Hotels Association (THA) said big new hotels featuring more than 30,000 rooms were being developed nationwide and would open […]
Balidiscovery.com (2/3/2008)
Karang Mas Sejahtera (KMS) the Indonesian owners of the Ritz-Carlton Bali Resort & Spa have been awarded US$10 million in punitive damages by a Maryland Federal (U.S.) jury who found the that Ritz-Carlton – part of Marriott International, had violated a non-competition exclusivity agreement by participating in the development of a second […]
Traveldailyasia.com, 1/22/2008 Hotel transaction activity in Asia reached US$10.8 billion last year, more than double the previous high of US$5 billion recorded in 2006. During 2007, the Asian hotel market witnessed 83 major (valued above US$5 million) transactions. Japan recorded the highest transaction activity totalling US$6.8 billion; including four out of the […]
Bangkokpost, January 23, 2008Villagers in Phangnga’s Takua Thung district have demanded immediate legal action against a resort developer who cut down a lush mangrove forest in the area to create an artificial beach.Three rai of the mangrove forest, which local people have looked after for 20 years, had already been cleared, he said.”A few […]
thanhniennews.com, January 16, 2008 Gia Minh Conic Company broke ground last Saturday on its Conic-Lang Co resort project with an investment of VND400 billion (US$25 million).Two other high-end resorts also began construction last December and should be in operation by 2010.Singapore-based Banyan Tree Hotels and Resorts has just received the investment certificate from Thua […]
Bangkokpost.com, January 21, 2008As he sees it, Langkawi’s emergence is not a threat to Phuket and actually complements the Thai resort island. The trend, he believes, is to view the whole Thai-Malaysian-Singaporean peninsular area as the ”Caribbean of the East”.”Stretching from the Andaman Sea is Phangnga, Phuket, Krabi, the coastal area of Trang, then […]
eTN, Jan 16, 2008 The number of budget hotel rooms has mushroomed in the past eight years from practically zero to over 100,000 with more than 100 brands competing for a bite of China’s rapidly expanding domestic tourism market. More than a 100 brands have emerged.The fast-developing Chinese budget hotel industry resembles the U.S. […]
Nationmultimedia.com, December 27, 2007Operators nationwide can expect only a modest rise in their room rates compared to this year.THA president Chanin Donavanik said the number of new rooms was expected to increase by 30,000 during 2006-2008, with more than 3,000 set to hit the market next year in the capital.It would appear that many […]
