Category: Hotel

Investment In Hotel Industry Lower In Asia Pacific But Higher In Thailand

The number one in hotel investment in Asia Pacific is Hong Kong with current deals at 11 totalling almost $1.5 billion, a report from JLL states. The second spot is given to Japan with activities amounting $1.2 billion. Despite the presence of budget accommodation in Sukhumvit and other hotels, Thailand is still booming.

For Hong Kong, a number of the deals can be converted into projects consisting of office and residential buildings. The last few years saw an increase in hotel owners trying to convert their establishments to office space because of the high demand.

JLL’s head of investment sales in Asia, Mike Batchelor, said that hotels are quite attractive in Hong Kong because of the lower rates in every square foot which is lower than other assets. These purchased hotels are then proposed to be transformed into office space.

It was 2013 when Japan saw an increase in hotel investment and it has continued to remain strong. Transactions until September 2017 have already reached a total of $1.2 billion. Tourism is expected to increase as the Tokyo Olympics in 2020 comes to a close. The government is targeting to have 40 million foreign travellers by that time.

Mr. Batchelor said that the hotel market in Japan is mostly dominated by local investors. Lately, there is an increase in the volume of international investments.

For Thailand, this year is still booming with $335 million investment in the hotel market. Majority of these investments are funnelled in Bangkok. The number is the highest since 2014. JLL played a big role in some of the hotels sold this year with a total selling price of $111.5 million.

The report states that the continued growth of Thailand is due to the stability of the politics government and the fact that hotels are more affordable compared to other countries in Asia. As a matter of fact, it has budget accommodation in Sukhumvit which attracts more travellers. Hotel investments are lower than 22 per cent as a whole in Asia Pacific mainly because of the low supply of hotels on the market.


Rooms And Services Provided At The Sukhumvit S15, A Boutique Hotel Near Asoke BTS

Bangkok is a bustling metropolitan city of nearly 8 million souls. Finding a cheap place to live will not be easy in most parts of this city. Finding cheap accommodation near the heart of the city will be a nigh on impossible task. But to quash these fears away, the S15 Sukhumvit offers affordable hotel accommodation near Asoke, one of the most happening places in Bangkok. This boutique hotel is appropriately situated near the Asoke BTS and the MRT Sukhumvit stations, and is at a walkable distance from nearly 50 points of interest, including bars, restaurants and shops. The rooms offered at S15 are the Deluxe Room, Junior Suite, Jacuzzi Suite and the Business suite.

  • Deluxe room: With a space of nearly 322 sq. ft, the cheapest room on offer in S15 provides you with either a king size bed or twin single size beds upon request. The earthy tones provide a calming sensation and lets the guests relax in their rooms while watching a movie or browsing the internet. Everything from air conditioning to internet television and a mini refrigerator can be found in this room, leaving none of the guests wanting.
  • Junior Suite: This nearly 400 sq. ft room offers a large king sized bed in a luxurious canopy cot, apart from a supreme Italian sofa set in the room. These additions imbue some glamour and panache into this room. It offers the same benefits, if not more, as the Deluxe Room, but of course with additional space and a carpeted floor.
  • Jacuzzi suite: It is a fact that Bangkok is famous for its Thai massages and its relaxing scents. But only one thing can beat that and that is the feeling when your body slips into a Jacuzzi. This de-stressing feeling can be experienced in the Jacuzzi suite rooms of this hotel, where a Jacuzzi is substituted for the customary bathtub found in all the rooms. This is the perfect room for couples and business guests who are in search of affordable hotel accommodation near Asoke, with the benefits of a truly relaxing atmosphere.
  • Business suite: This is the most elegant of the rooms present here, and is sized at approximately 550 sq. ft. It contains the most elegant four-poster canopy bed, along with an L-shaped sofa, and a separate zone for working which contains high-tech audio equipment. This type of room can suit every type of traveler as it contains a little bit of everything for ever


Real Estate Industry Of Myanmar Is On Its Way To Recovery

There are many signs of recovery that s evident in the real estate market of Yangon as well as its construction industry. Notwithstanding the remaining challenges that they are facing, FMR which is a research company revealed in its semi-annual review that the real estate sector is on its way to recovering. There are already a handful of hotel projects and Yangon serviced apartment that are lined up to be constructed in the following years.

According to a publication released by FMR called Yangon Real Estate Review, there will still be a number of project cancellations as well as delays that are anticipated in the coming months because of the reassessments that are being conducted by developers with regards to the viability of their project.

In a statement they have published last month, the company said that there are signs of economic recovery in the long-term aspect of the market and its potential is starting to show since the stagnation felt in 2016 is coming to an end. In order for the market to have success in a long-term basis, it is important that the government policies should be consistent.

The review also states that there has been slow growth seen in the sales of off-plan residential projects in majority of the developments as well as new projects emerging are not that many.

FMR clarified that despite this, there a handful of developments that are changing the current trend and more and more proofs are showing that new projects will soon to be launched in the country.

There is still the lingering effect of the work suspension that was imposed on the projects located in Q2 and Q3 of Yangon while there are still developments that are still unmoved after the decision.

Commercial projects are coming to life after the development of the Junction City in the downtown area of Yangon. Aside from the retail mall, the project will have more office space allocated which will cover about an additional of 33,000 square meters.

Many of the developers such as those offering Yangon serviced apartment are looking into international companies to help them operate their project and stay ahead of their competitions.


Metasearch To Allow Hoteliers To Compete For Bookings

A hotel website usually includes a wide array of information but very often, a potential visitor will not make the effort to read and find out the features offered. For most travellers, what is more crucial the location because they do not want to waste time in travelling from the hotel to the destination. If you are visiting Bangkok, a good option would be a hotel in the heart of the city.

According to Daniel Holl, Head of Global Hotel Sales of Trivago, in the hospitality industry, it is important to be agile in determining the ever-changing preferences of consumers. What most consumers like is to have a diverse choice with full market transparency and they want to see all options in one place. Trivago does not use intuition and prefers to act based on data so that they will have an immediate and strong impact.

In terms of advertising, Trivagospends more than any other online brand on TV promotions, more than what Trip Advisor spends because they want to explain to consumers why metasearch is very important. Trivago provides hoteliers the ability to compete for bookings. For consumers, Trivago allows them to choose from more hotels at better prices.

A traveller’s booking journey starts with search but Trivago does not want travellers to make the mistake of “booking on trivago.” This should not be integrated into the search experience of the traveller because it will only create confusion among users. The goal of Trivago is to improve booking conversions for their advertisers so that they can be competitive in the open hotel marketplace.

Small and medium sized hotel are at a disadvantage when compared to the bigger hotel chains because they do not have the resources and data to build a booking platform that is optimized for all devices. Trivago levels the playing field by helping advertisers to turn more “lookers into bookers.”

Special and discounts are available if you book directly with retro hotel in Sukhumvit which is situated in a very convenient location in the city of Bangkok. The 4-star boutique hotel offers a stunning blend of contemporary and retro style that is fused with charming elegance.