New hotels set to open in Phuket
Daily news, 16 Dec 2008, PHUKET – Development of new Phuket hotel properties remains strong, despite ongoing political issues in the country and the international financial downturn.
Thirty new hotels are at various stages of development with over 4,918 rooms due to hit the supply side over the next three years through 2011, according to market research conducted by Thailand hospitality consulting firm, C9 Hotelworks.
There are currently in Phuket nearly 40,000 rooms in registered tourism establishments, ranging from guest houses up through to branded hotels with approximately 10,000 of these, or 25 percent of total supply, being international star rated. Adding in the new inventory there will be an increase by 50 percent of the existing international standard units, with 47 percent being upscale and luxury hotels, 41 percent mid-scale, nine percent budget/economy and three percent extended stay. 2009 is set to see the largest surge in supply with 38 percent or 1,850 new rooms scheduled to open.
"The hotel market in Phuket 2.0 is seeing a strong shift of new properties at the northern end of the island in particularly Mai Khao and now even over the bridge into Phang Nga. The east coast and Phang Nga bay are set to define a new era of luxury properties at the back of offerings which include The Yamu - designed by the design dream team Philippe Starck/Jean Michel Gathy, Jumeriah Private Island and Taj Exotica," said C9 Hotelworks managing director, Bill Barnett
"There remains growing concern on possible oversupply issues facing the island in the coming years and what is currently a sleeping giant, in terms of supply growth, is the conversion of exclusive villas and condos, in the non-traditional accommodation segment, becoming a direct competitor to the mainstream hotel market," he said.