Property Management and Facilities Management
17 November 2011The white paper notes that the Samui hotel market in Thailand achieved 61% occupancy in the first half of 2011, indicating positive recovery of the business.
It stated that hotel occupancy on the island increased by 2% compared to the first half of 2010, while room rates and RevPAR were up 9% and 12% respectively.
The paper said room revenue for the island grew by 5% against the first half of 2010 to earn approximately $279m in revenue.
In the area, a pipeline of nearly 820 hotel rooms represent a 5% increase to the existing supply and the second half of 2011 is expected to see 440 rooms or 54% of the new products entering the market.
The paper expects the remaining 380 rooms to be opened in 2012.
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Property Management and Facilities Management
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