Of the 22 markets listed in a new property report targeting wealthy property buyers in Europe looking for a residence abroad, Phuket and Mauritius are the real deals at 3,000 euro a square meter. A used home in Monaco costs on average of 45,000 euro a square meter, or about $57,000, making the principality...
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Luxury resorts operator Banyan Tree has sunk deeper in the red for the second quarter, more than doubling its losses on-year to 9.2 million Singapore dollars (214 million baht). The Phuket property, which was sold this week, helped keep the revenues up. China is the next growth market for the resorts operator where it...
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Two hotels from the Andaman region is making it to the annul best list from Travel & Leisure. Another from Krabi is on the watch list. The two hotels from Phuket are the Amanpuri (#13) and JW Marriott Phuket Resort & Spa on number 15. Phuket’s Amanpuri is the very first Amanresorts property and,...
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AirAsia achieved another world record, this time by selling more than 500,000 seats in 24 hours. Air Asia sold a record-breaking 538,000 seats on Wednesday, the first day of its Mind Blowing Fare campaign, which offers 10 baht airfares for domestic and international flights. AirAsia bested its previous record of 390,000 seats sold in...
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One of the first five star hotels built in Phuket in the mid 1980s has been sold. Dusit Thani Laguna Phuket, one of the anchor hotels in the Laguna complex, has been sold for 2.62 billion baht today. Luxury resorts operator Banyan Tree Holdings says one of its subsidiaries is selling a hotel asset...
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Dropping rates to fight Bangkok’s low hotel occupancies and airline load factors is a failed strategy. But Thailand seems doomed to repeat its history of pricing mistakes due to a myriad of issues. These were some of the insights revealed by travel industry leaders with long and bitter experience in Thailand’s travel industry price...
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Thailand’s Finance Ministry expects to inject THB7.5 billion in the upcoming recapitalization of Thai Airways International in a move to maintain its 51% stake in the national carrier. According to Dow Jones Newswires, the Finance Ministry has already prepared the funds for the recapitalization, which is expected to take place in late September. Thai...
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Great beachfront accommodations and legendary Thai hospitality make the Renaissance Phuket Resort & Spa an oasis for comfort and relaxation and now home to the Quan Spa, a getaway in itself with a complete offering of spa services, including massages, facial treatments, body scrubs, manicures and more. Featuring unique architectural design and a contemporary...
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The Thai stock market has been the best performing of the biggest Asian markets since May. The SET index has increased by more than 20 percent since its May low. “Foreigners are starting to invest in Thai equities again on strong earnings and economic growth,” Supakorn Soontornkit, chief investment officer at MFC Asset Management...
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Once again Mom Tri’s gourmet restaurants have been honoured by the prestigious Wine Spectator. For the fifth consecutive year Mom Tri’s Boathouse is again sole winner in Phuket of the Wine Spectator ‘Best of Award of Excellence’. Mom Tri’s Kitchen – also for the fifth consecutive year – and Mom Tri’s Oasis for the...
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