ruj masan
HVS Market Pulse: Phuket, Thailand
Apichaya Wongsuwan | March 19, 2020
The following article gives a brief overview of Phuket, its tourism industry, and the recent dynamics of the local lodging market. By Apichaya Wongsuwan, Ruj Masan, Pawinee Chaisiriroj Following the market’s prosperity in the past few years, hotels across all segment have started to witness hindering economic growth, resulting in a softer performance in 2019. The unexpected outbreak of COVIC-19 has swept away the majority of the demand in the market. As the number of travel advisory continues to heighten, concerns over air traffic and tourism spending are increasing among the public as people are reluctant to travel. The following ar...
Key Takeaways From the 2019 South East Asia Hotel Investor’s Summit (SEAHIS)
Paola Orneli Bock | May 31, 2019
By Paola Orneli Bock, Han Sol Park, Ruj Masan May 31, 2019 -- HVS proudly sponsored the third edition of the South East Asia Hotel Investors' Summit that was held May 16-17 at the Westin Grande Sukhumvit Bangkok. This year's event saw over 200 delegates interacting with hospitality industry leaders on a number of key issues, such as the role of the sharing economy, franchising, demand and supply outlook for 2019, and new distribution channels disrupting the industry. HOFTEL and HVS also presented the intermediary results of the first OTA survey in an effort to shed some light on the actual costs of distribution. Below are some key takea...
