Hotel prices rise as Phuket sees 42% increase in foreign tourists H1 2024

[anchadian]

PHUKET — Tourism booms in the first half of 2024, driving hotel room prices up in Phuket,  said a Thai real estate analyst.

 

Carlos Martinez, Director of Research and Advisory at Knight Frank Chartered (Thailand) Co, Ltd, a Thai real estate advisory firm, commented on the overall tourism industry in Phuket for the first half of 2024, stating that the industry has recovered strongly with a total of 4.3 million tourists, which is only 7 percent below pre-COVID-19 levels.

 

The number of foreign tourists increased by over 42 percent year-on-year to 2.6 million, close to pre-COVID figures. The improvement in air transportation capacity is expected to support further growth in international tourist numbers in the second half of the year....

 

https://www.khaosodenglish.com/tourism/2024/09/07/hotel-prices-rise-as-phuket-sees-42-increase-in-foreign-tourists-h1-2024/?fbclid=IwY2xjawFJMilleHRuA2FlbQIxMQABHS9Xe_UHi8y39_iOPE2TJ6nNPPHbDjZDO8Uw8fbHTYY4GsFpuJvhi8Ww2A_aem_9ofBs8d5rNoxya-1aS2bTQ

[ChasingTheSun]

I noticed that hotel prices are actually  falling in Phuket:

[zzzzz]

plenty of hotels, year round, less than 3,000 baht
the average seems high, cause the expensive hotels ( 9,000/night an up)  have 200+ rooms
 

[chercheur888]

14 hours ago, anchadian said:

PHUKET — Tourism booms in the first half of 2024, driving hotel room prices up in Phuket,  said a Thai real estate analyst.

 

Carlos Martinez, Director of Research and Advisory at Knight Frank Chartered (Thailand) Co, Ltd, a Thai real estate advisory firm, commented on the overall tourism industry in Phuket for the first half of 2024, stating that the industry has recovered strongly with a total of 4.3 million tourists, which is only 7 percent below pre-COVID-19 levels.

 

The number of foreign tourists increased by over 42 percent year-on-year to 2.6 million, close to pre-COVID figures. The improvement in air transportation capacity is expected to support further growth in international tourist numbers in the second half of the year....

 

https://www.khaosodenglish.com/tourism/2024/09/07/hotel-prices-rise-as-phuket-sees-42-increase-in-foreign-tourists-h1-2024/?fbclid=IwY2xjawFJMilleHRuA2FlbQIxMQABHS9Xe_UHi8y39_iOPE2TJ6nNPPHbDjZDO8Uw8fbHTYY4GsFpuJvhi8Ww2A_aem_9ofBs8d5rNoxya-1aS2bTQ

 So much for "Higher Rates" FYI

1. Hotels in leisure destinations such as Phuket, Krabi and Pattaya are recommended to refrain from their usual practice of slashing room rates during the low season if the average occupancy hasn't sharply dropped, says hospitality market analyst STR.

2. Tourism operators have warned the new tourism minister to brace for a nosedive in the global economy and fiercer competition next year, urging the government to start planning for the worst-case scenario from this year.

[watchcat]

17 hours ago, anchadian said:

The number of foreign tourists increased by over 42 percent year-on-year to 2.6 million,

 

Shouldn't the prives be lower according to thai wisdom or are they just getting greedy?

[chercheur888]

On 9/8/2024 at 11:02 AM, chercheur888 said:

 So much for "Higher Rates" FYI

1. Hotels in leisure destinations such as Phuket, Krabi and Pattaya are recommended to refrain from their usual practice of slashing room rates during the low season if the average occupancy hasn't sharply dropped, says hospitality market analyst STR.

2. Tourism operators have warned the new tourism minister to brace for a nosedive in the global economy and fiercer competition next year, urging the government to start planning for the worst-case scenario from this year.

Again an idea how to:

The Indonesian government is poised to impose a moratorium against the construction of hotels, villas, and nightspots in the popular resort island of Bali in a bid to curb overdevelopment and overtourism.

As of end-2023, there were 541 hotels operating in Bali, up from 507 in 2019.

The imposition of the moratorium is also part of government plans to reform tourism on the island by way of improved quality in terms of services and amenities, increased opportunities for employment, and the preservation of the area’s cultural heritage.

[stevenl]

6 hours ago, chercheur888 said:

Again an idea how to:

The Indonesian government is poised to impose a moratorium against the construction of hotels, villas, and nightspots in the popular resort island of Bali in a bid to curb overdevelopment and overtourism.

As of end-2023, there were 541 hotels operating in Bali, up from 507 in 2019.

The imposition of the moratorium is also part of government plans to reform tourism on the island by way of improved quality in terms of services and amenities, increased opportunities for employment, and the preservation of the area’s cultural heritage.

Just as in Thailand they'll find ways around it