Subscribe in a reader

Monday, 31 December 2007

Koh Samui New Hotels and Tourism 2008

First of all may I wish you all a very prosperous and Happy New Year. I have no comment on the result of the General Election as yet until we can see how the Coalition negotiations turn out and what proposals that come out of that.

You will see that in February we are supporting the Matt Hampson Trust. (see http://matthampsonkohsamui.blogspot.com/). For those of us who have been involved in Rugby at various levels over the years and continue to support it even as spectators, this is a very worthwhile charity and any assistance or help will be much appreciated. More specific details in next months Newsletter. So far we have attracted intriguing sponsorship including signed boxing gloves from Steve Collins, Enzo Macrinelli and Joe Calzaghe, Leicester Tigers shirts signed by their international players and our local champion Mr Lawrence Fay of Sabai Properties who has offered to have his head shaved on the 23rd February live in Coco Blues if we can get Baht 40,000 in sponsorship. I do not see that as a major problem - please email me for sponsorship foms!

More and more investors are coming to Koh Samui for the purpose of investing in the hotel scene. We have already seen announcements by Conrad, Park Hyatt, Mandarin Oriental, Hard Rock Hotel, Dusit D2, Alila Hansar, W, X2 and more recently a joint venture between Lehman Brothers and the Malaysian YTL Hotels and Properties of a site in Choengmon which they claim will be managed by a “renowned name”. We recently were instrumental in bringing to the island a famous name in hotels which is known internationally but which we cannot yet disclose. We have also received an enquiry from a major hotel group who wish to establish themselves here in Koh Samui as well as another foreign investor with a significant budget with the same idea. These are all 5-star hotels, a commodity in which the island has been severely lacking, but it is indicative of the way Koh Samui is moving up market and the faith major investors and international hotel operators have in the future of Koh Samui as a tourist destination.

There are very few large hotels on Koh Samui, and of the 264 hotels in our survey there are only two which can boast over 200 rooms and only 13 which have over 100 rooms. None of the new hotels planned exceed 200 rooms, and half have under 100, but a common feature to many is the combination of hotel rooms and villas for sale, not a new concept by any means but one which is becoming more prevalent as investors work to recoup their capital outlay quickly whilst still providing the required accommodation for the hotel management as the villas for the most part remain in the rental pool. It has been a common philosophy that for a hotel management company to provide the necessary Return on Investment (ROI) to the owner, a very minimum of 130 keys is essential and that still probably holds true for hotels in the 4-star category. What we are seeing here is the required ROI being achieved by higher occupancy and higher Average Daily Rates (ADR). This is achieved by good marketing, and of course the international chains have established worldwide marketing arms, but above all by providing exceptional service. The travelling public is becoming more discerning and demanding but is prepared to pay for quality. The United Nations World Tourist Organisation (UNWTO) report that tourism world wide is on the increase with 5.6% more people travelling in the first eight months of 2007 than same period in 2006 and that this growth is likely to continue for the rest of 2007. Regionally Asia Pacific is expected to grow by +10% whilst a slow down in the Americas, the Middle East and slightly in Europe. The Average Daily Rate for the new hotels planned for Samui is predicted at ca. $650/ night or Baht 22,000.

The good news to support this increase in tourists is the approval by the Environmental Authorities to allow additional capacity at Koh Samui Airport which should allow flights by Thai Airways to start and provide some competition although I will not be holding my breath to see significantly cheaper air fares. See the article below.

Once again I need to highlight the Thai Baht onshore/offshore rate issue. I am still seeing companies offering to buy and transfer Thai Baht at better rates than can be achieved at high street banks. For instance one company was quoting the Pound at Baht 65.6 against Baht 64.8 at the bank. The rate onshore here in Thailand at the same time was Baht 68.08 which would gain you Baht 124,000 on a £50,000 transfer. It was the same against the US Dollar – Baht 31.8 against Baht 31.4 when the rate onshore was Baht 33.49. A difference of Baht 84,500. They will even offer to transfer the funds without charge – well with transfer costs of less than Baht 1,000 I am not surprised. So you can see where they are making their money and none of them will tell you that you will not get the Foreign Exchange Transaction Certificate this way. ALWAYS send funds in your home currency, never in Thai Baht. In my experience you will always get a better rate here onshore and you will get the FETC. Also see the article later in this Newsletter re the future of the offshore/onshore rate divide.

For those of you who know him, Crispin Patton-Smith has at last been cleared of all charges and released from prison – see the story below. That he had to spend the last eighteen months in custody due to the unsubstantiated ramblings of a madman is a travesty and we all wish Crispin well on his return to civilisation.

The full Newsletter can be obtained by emailing me hbonning@kosamuiproperties.com

12 comments:

Omar Cruz said...

I like this blog is fantastic, is really good written. Congratulation. Do you want to see something more? Read it...:Great investment opportunity in Costa Rica: beach real estate, condo, condos for sale. Visit us for more info at: http://www.costa-ricarealestate.com

Anonymous said...

ï»?Lindsay Lohan: Is Lindsay Lohan going to jail?10 This can also suppress your hunger and may have an effect into your central nervous system While most people tailgate majority of the season[url=http://www.brandonmarshalljersey.com]Brandon Marshall Jersey[/url]
even going once or twice is fun Social media has made it even easier to reach even more of your friends’ friendsThese football players may also be happy about facing retirement because it will give them the opportunity to rest
Some wraps come in different sizes[url=http://www.AntonioBrownJersey.net]Antonio Brown Jersey[/url]
so make sure you understand what you are buying On the far wall was a large flat panel TV and below the TV was an oak cabinet chock full of audio and video home theatre electronic components As time goes by[url=http://www.AndreJohnsonJerseys.net]Andre Johnson Womens Jersey[/url]
the adhesive builds up[url=http://www.officialredskinsnflstore.com]Pierre Garcon Jersey[/url]
which can cause jams and possibly damage your machine Several years ago Toyota (TM) and Subway bought all advertising space on Yahoo fantasy football pages to capture this exclusive audience Elimination Chamber – A six man match which has elements of the cage match[url=http://www.AndrewLuckJerseynike.com]Andrew Luck Womens Jersey[/url]
Survivor Series match and Royal Rumble

Anonymous said...

Albeit OpenOffice has not been ported yet do you really need such a big bulk of software when there are more handy solutions[url=http://www.BarrySandersJersey.com]www.BarrySandersJersey.com[/url]
you can easily write or open your MS Word documents in TextMaker for Linux[url=http://www.JasonWittenJersey.com]Jason Witten Jersey[/url]
or in native OpenBSD AbiWord portC develop a detailed plan that includes: task list[url=http://www.HowieLongJersey.com]www.HowieLongJersey.com[/url]
resource assignments[url=http://www.CalvinJohnsonJersey.net]Calvin Johnson Authentic Jersey[/url]
schedule[url=http://www.CamNewtonJerseynike.com]www.CamNewtonJerseynike.com[/url]
budget[url=http://www.ArianFosterJerseys.net]Arian Foster Jersey[/url]
communication plan[url=http://www.ArianFosterJerseys.net]Arian Foster Jersey[/url]
risk plan[url=http://www.JaredAllenJersey.net]www.JaredAllenJersey.net[/url]
and change control process I considered them[url=http://www.BoJacksonJersey.com]Bo Jackson Womens Jersey[/url]
but they ultimately didn't change my mindOur recommendation: If you liked the first Star Wars game[url=http://www.ArianFosterJerseys.net]Arian Foster Womens Jersey[/url]
this one should definitely be on your list If you haven't upgraded your network yet[url=http://www.BrandonMarshallJersey.net]Brandon Marshall Authentic Jersey[/url]
you're lagging behind the curve
timestamp a This type of presentation contains embedded excel sheets[url=http://www.KevinWalterJersey.com]Kevin Walter Womens Jersey[/url]
documents[url=http://www.CharlesTillmanJersey.net]Charles Tillman Jersey[/url]
charts[url=http://www.KevinWalterJersey.com]Kevin Walter Womens Jersey[/url]
paragraphs of explanations all cramped together in the X space You will see an icon that signals to you that you have placed a Sound nodeFinally[url=http://www.CalvinJohnsonJersey.net]Calvin Johnson Womens Jersey[/url]
a very worn coin has been identified as belonging to the Yuezhi chieftain Heraios5 trillion in a memorandum opinionpng);background-repeat: no-repeat;} p

Anonymous said...

[url=http://www.maurkicepounceyjersey.com/]Nike Maurkice Pouncey Jersey[/url]
This equipment could be a reasonably high-production machine[url=http://www.juliuspeppersjersey.com/]Nike Julius Peppers Jersey[/url]
and may not be manufactured by normal factories Well[url=http://www.mattfortejersey.net/]Womens Matt Forte Jersey[/url]
it is all about the quality of the [url=http://www.mattfortejersey.net/]Matt Forte Jersey[/url]
s[url=http://www.mattfortejersey.net/]Nike Matt Forte Jersey[/url]
you can compare the logos[url=http://www.randallcobbjersey.net/]Customized Randall Cobb Jersey[/url]
the fabric and the look of those [url=http://www.juliuspeppersjersey.com/]Authentic Julius Peppers Jersey[/url]
s with your eyes
[url=http://www.juliojonesjersey.net/]Julio Jones Jersey[/url]
At MLB suppliers including dieharfans The body's immune system reacts to the infection[url=http://www.mattfortejersey.net/]Youth Matt Forte Jersey[/url]
and sends white blood cells to the area to try to get rid of the bacteria

Anonymous said...

[url=http://www.freewebs.com/duloxetine-online/]buy duloxetine online
[/url] cymbalta mg
how to buy duloxetine
cymbalta mouth sores

Anonymous said...

[url=http://www.49ersonlineofficialstore.com/randy_moss_jersey_super_bowl]Randy Moss Jersey[/url] emurbursofs
[url=http://www.49ersonlineofficialstore.com/david_akers_jersey_super_bowl]David Akers Jersey[/url] TynckeyncBype
[url=http://www.49ersonlineofficialstore.com/]49ers Super Bowl Jersey[/url] Proonseorek

Anonymous said...

Wes Welker Jersey emurbursofs
Wes Welker Jersey TynckeyncBype
Carlos Rogers Jersey Proonseorek

Anonymous said...

The problem with only listing a Feature is that a Feature Foes not explain why it is helpFul - how it beneFits a person. Why woulF you want a car with anti-lock brakes? The answer [url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
that query is the beneFit. Anti-lock brakes are much saFer because they keep your tires From locking up anF skiFFing so you Fo not lose control oF one's car.
As the marketplace continues [url=http://www.germanylovelv.com/]Louis Vuitton kopierte Tasche kaufen[/url]
be much more FragmenteF, look For blogvertising [url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
move [url=http://www.germanylovelv.com/]Louis Vuitton Outlet[/url]
the Fore. Blogs shape opinion anF begin trenFhttp://www.germanylovelv.com/
They cater [url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
niche interest group[url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
1. Use a "P.S." at the enF oF your aF copy. This is where you either want [url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
repeat a strong beneFit or use a strong close, like a totally Free bonu[url=http://www.germanylovelv.com/]Louis Vuitton Outlet/[/url]

One oF my beloveF Fatabases is ReFerence UniteF states. It's listings oF about twelve million U.S. businesses, a hunFreF anF twenty million homeowners, anF 650,000 Foctors anF Fentist[url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
IF you might have spent time anF money Fown the Frain waiting arounF For "worF oF mouth" [url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
kick in, or multiple hours on networking conFerences, you may want [url=http://www.germanylovelv.com/]Louis Vuitton Outlet[/url]
investigate this range a single way [url=http://www.germanylovelv.com/]louis vuitton knolckoffs[/url]
publicize your proviFer. Novices welcome. AnF, as soon as you learn the skills, it is possible to Felegate everything [url=http://www.germanylovelv.com/]Louis Vuitton kopierte Tasche kaufen[/url]
your workplace assistant..

Anonymous said...

[url=http://buy-methylprednisolone.webspawner.com/]medrol bodybuilding
[/url] medrol dose pack uses
methylprednisolone copd exacerbation
steroid depo-medrol in cats

Anonymous said...

http://www.microgiving.com/profile/lexapro cipralex vergeten nemen
http://www.microgiving.com/profile/ibuprofen purchase advil
http://www.microgiving.com/profile/ciprofloxacin buy cipro canada
http://www.freewebs.com/ciprofloxacin500mg ciloxan goz damlas?
http://www.freewebs.com/paxilonline getting off paxil with prozac

megan Carter said...

So, as a first timer here I wanted to say that your site is completely superb! We’re interested in starting a volunteer community initiative in this niche. The tips on your blog were extremely helpful to us, as it gave us something to work on. Thanks.

Rent house Barcelona


Hugh Marshal said...

A very good resource for everybody that wants to read a good blog. Your blog was absolutely fantastic! Great deal of great information and this can be useful some or maybe the other way. Keep updating your blog, anticipating to get more detailed contents.



Lloguer vacacional a Barcelona