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Castlewood Group Review the Shift in Phuket Tourism to the Asian Market

03-23-2011 05:52 PM CET | Industry, Real Estate & Construction

Press release from: Castlewood Group Pte Ltd

8over8 Hotel, Phuket

8over8 Hotel, Phuket

Castlewood Group, a Singapore commercial Real Estate company confirms that tourism trends in Phuket are shifting to the Asian market, as Europeans are finding the economic situation not in their favor.

Direct flights and a shorter travelling distance, Chinese, Indonesians, Koreans and Indians are heading to Phuket to purchase condominiums and apartments to use as investment property as well as staying in the luxury hotels.

One of these luxury hotels, the 8over8 Hotel, run by Singapore based company Castlewood Group, will be seeing their finished product of 195 rooms by late 2012 to early 2013. Their Senior Marketing Executive, Ellen Sangtoso commented, “To supply to the rising demands of Asian tourism, new routes and flights have been provided by airlines. Phuket as a resort destination has unlimited possibilities for Asian investors.”

Phuket’s main features are the superb beaches, with deep blue oceans and tropical surroundings, as well as its diving and championship golf courses.

Predictions Confirmed for 2011 Tourism

Despite the fewer Europeans arriving to Phuket, international arrivals have risen by 29.61% in January this year. With no sign of the following months to slacken, confirming predictions of 2011 holding three times the number of tourists than 2010.

Private Jet Terminal at Phuket Airport

Rising numbers of air travel in Phuket has stirred communication with Airports of Thailand (AOT) which runs its six main airports and Phuket International Airport (PIA) to build a private jet terminal for Phuket’s high end tourists. The private jet terminal would include luxurious facilities for their clientele including five-star hospitality services, a budget of around THB200 million has been mentioned for the project. Phuket airport, Thailand’s second largest; currently handles around 35 private jets per month and will be hoping to increase that number with the introduction of a dedicated private jet terminal.

The southern resort island of Phuket attracts many affluent travelers, celebrities and is also a base for high-caliber business people due to its close proximity to business centers like Bangkok, Kuala Lumpur and Singapore, this project will allow Phuket airport to increase the capacity for all types of travelers as expansions and improvements in the main terminal are also now underway. Phuket airport will be equipped to handle 11.5 million passengers a year by 2016 when the work is complete.

“As the international passengers surge, the airports become overcrowded. The private jet terminal will be a success with the travelers which can afford luxury.” Commented Cedric De Souza, Marketing Manager of Castlewood Group for their luxury 8over8 Hotel located in Phuket, Thailand.

As the number of flights per month reaches 5000, domestically and internationally, the addition of the private jet terminal will help aid the Phuket Airports obstructions.

Castlewood Group, based in Singapore are a leading commercial real estate company. Castlewood Group Pte Ltd sells, markets & manages the “8over8” brand globally they also owns Castlewood Management Ltd Thailand which operates the “8over8 Luxury Hotel”, in Phuket.

Castlewood Group Pte Ltd
391 A Orchard Rd,
#12-01, Ngee Ann City Tower A
Singapore 238873

www.castlewoodgroup.com
+(65) 6303 0888
news@castlewoodgroup.com

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