Minor Hotel Group sees profits rise after Oaks acquisition
- Thursday, 03 March 2016 07:25
Maintaining an upward trend, Minor Hotel Group (MHG) has recorded an impressive 38 per cent rise in its net profit during the year 2015, with the group owing the increase mainly on account of the enhanced show put by Oaks Hotels & Resorts.
Among others, a noticeable rise in real estate revenue and revaluation gains of Baht670 million from bus acquisitions pertaining to the Sun International and Oaks Elan Darwin dealings are also attributed as reasons for the good performance during the year bygone.
The profits registered by MHG, with a portfolio of 145 hotels, resorts and suites in as many as 22 countries spread across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, assumes significance in the wake of a host of factors such as poor economic environment, fluctuations in currency, uncertain political situation and other incidents like the Bangkok bombing.
The effective cost controls at operating as well as financial levels led to the formidable show by Oaks in 2015.
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Minor Hotel Group sees profits rise after Oaks acquisition
IHG Signs First InterContinental Hotel & Resort in Phuket
- Tuesday, 01 March 2016 22:18
World renowned InterContinental Hotels Group (IHG) and Proud Resort Phuket Co. have come together to give shape to InterContinental Phuket Resort, which will form part of MontAzure, a luxury community project.
The new resort, slated to be ready in 2019, will be constructed in Kamala Beach, sandwiched between Millionaire’s Mile and the Amanpuri headland, ideally suited for the traveling lot.
Describing Phuket as an ‘impressive destination’ in South East Asia for his Group, Alan Watts, Chief Operating Officer AMEA, IHG, said the island served as a perfect tourist destination, with a sharp increase in the arrival of tourists that registered a double-digit year-on-year growth.
Expressing the hope that InterContinental Phuket Resort will be one of the most exclusive luxury resorts in Phuket, Khun Pasu Liptapanlop, Executive Director of Proud Real Estate, said the resort featured a two-kilometre long stretch of beautiful beach.
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IHG® Signs First InterContinental Hotel & Resort in Phuket
Hilton planning expansion to tap Thai potential
- Monday, 29 February 2016 20:29
One of the fastest growing markets of Southeast Asia, Thailand, hosted an impressive 29 million visitors during the year of 2015. Now Hilton Worldwide plans to plant roots in the growing economy. Hilton plans on opening five hotels and offer an experience unlike any other found currently. Three of these Hilton hotels will open in Bangkok, one in Phuket, and the last one in Pattaya. It’s hard to imagine Hilton, currently operating 600 properties in the world, failing to be successful in the endeavor.
What’s going to make these hotels stand out from the current hotels in Thailand, will be the excellent guest focused experience that Hilton Hotels are known for. Hilton plans on hiring over 3,000 employees in Thailand. These employees will go through rigorous training and only the best will be working, when the hotels open their doors. Doors open of the first hotel, the 300 room Hilton Phuket Patong in 2018.
Apart from these new developments, Hilton Worldwide is planning to open a new luxury hotel under the Waldorf Astoria brand, which will be the first of its kind in Bangkok. Located on Ratchadamri Road in the heart of the business district, the highly anticipated 170-key upscale hotel is scheduled to open early next year under a management contract with Magnolia Finest Corp, he said.
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Hilton planning expansion to tap Thai potential
Optimism rising in Thai hospitality sector
- Monday, 29 February 2016 13:36
Thailand has bounced back from recent political turmoil and reclaimed its spot as a “Hot Spot” for travel. The credit for the turn-around is being given to the recent changes in flight connections, multi-entrance six month visas, expansions on existing airports and increase in investment opportunities in luxury and affordable hotels.
The majority of the influx for tourism is expected to come from China. However, with the new Thailand reganing so much popularity, it is only a matter of time before more Westerners re-discover the treasure trove of experiences that the country has to offer. The hospitality of its people, the cultural antiquity mixed with the modern will draw crowds from around the globe with those wanting to revel in its new found popularity.
Mike Batchelor Managing Director for Investment Sales (Asia) at JLL Hotels & Hospitality Group, tells the Pattaya Mail that
In the luxury sector, demand is very much keeping up with supply. Around 900 new rooms are expected in Koh Samui in the next two years yet occupancy is likely to increase due to better transport connections to the island and a growing number of tourists.
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Optimism rising in Thai hospitality sector – Pattaya Mail
Accor Signs Three Hotels in Phuket, Thailand
- Friday, 26 February 2016 19:48
AccorHotels and Avista Resort and Spa Patong Company Limited have signed an agreement for AccorHotels to manage three properties in Phuket.
Two of these hotels will open on April 1, 2016 – just in time for summer – and will carry new names: Novotel Phuket Kata Avista Resort and Spa and Avista Hidewaway Phuket Patong, McGallery by Sofitel. The third hotel is the spanking new Avista Grande Phuket Karon, McGallery by Sofitel, slated to open in 2018.
All three hotels have at least 140 rooms and boast of excellent location as they are minutes away from well-liked beaches, shopping and entertainment spots. Hotel guests will also appreciate the top-notch facilities offered such as restaurants, bars, swimming pools, meeting rooms, business and fitness centers, and kids’ clubs.
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Accor Signs Three Hotels in Phuket, Thailand – ASIATravelTips.com
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