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Strong Hotel Performance in Thailand during 2011

12-10-2011 07:36 AM CET | Industry, Real Estate & Construction

Press release from: Castlewood Group Pte Ltd

One of the fastest growing Thai holiday destinations is Phuket. Approximately five-million people visit this fascinating and picturesque Asian wonder annually, report Castlewood Group a leading commercial real estate company. Some of the best sandy beach resorts, night life and dining opportunities are to be found in Phuket.
According to the Managing Director of STR Global, Elizabeth Randall, occupancy in the Asia-Pacific region in July 2011 had reported the highest monthly occupancy for 2011 so far. Hotel occupancy in the Asia-Pacific region had increased by 1.4% to 69.3%.
The positive results were contributed to by key market performers such as Thailand and Hong Kong. In July 2011, Phuket had experienced the highest increase in occupancy level, with a 30.1% increase to 71%, while the occupancy in Bangkok had increased by 29.8% to 67.9%.
“The number of international tourists travelling to Thailand is on the rise and that helps to boost the demand for hotels in Phuket and Bangkok,” commented Jarrat Beaumont, Group Sales Director of Castlewood Group, a commercial real estate developer based in Singapore.
The 8over8 hotel, a project by Castlewood Group, will be situated in Phuket, near the beautiful Bang Tao Beach and Laguna Resort. It will be scheduled for completion by the first quarter of 2013.
This area offers a lot of interest and fun for travellers with wonderful examples of traditional and modern architecture and vast stretches of tranquil, beautiful, sandy beach. The Bang Tao Beach is about four miles long and is really very quiet and peaceful because there is not a public road for access. For this reason, it is used mostly by people staying at the fine hotels that surround it. Once in a great while, high waves are present, but when they are, red warning flags are put in place to warn swimmers.
Visitors can enjoy a number of interesting activities at Bang Tao Beach. From November to April visitors can participate in waterskiing, paragliding or jet-skiing. Surfing is also available from November to April when there is more wave activity. At the south end of the beach, waves can be as high as three meters. Toward the middle of the beach the waves are milder. At the north end of the beach, there are much bigger waves, and conditions are windy, as well as being unpredictable due to shifting sandbanks. However, the surfing conditions are good for experienced surfers.
Additional Attractions & Activities
Many visitors enjoy horseback riding on the beach in the cool of the early evening. Horses can be rented at the Bang Tao Riding Club.
Local restaurants near the beach include the Lotus restaurant, which is within walking distance of Bang Tao Beach. This traditional restaurant serves very fine seafood and Thai food.
Visitors to Bang Tao Beach, will find a number of friendly vendors who sell tasty local treats and drinks. Proper beach clothing can also be purchased and local tours arranged.

Castlewood provides a product and a service, something that is rare in most markets, and was new to Dubai and the United Arab Emirates (U.A.E). Castlewood researched, found and acquired plots of land in desirable locations. Along with a team of architects, designers and marketing personnel Castlewood had project design concepts and marketing programs prepared for the land and then Castlewood proceeded to re-sell the project in its entirety.

Castlewood Group Pte Ltd
Castlewood House,
26 Ann Siang Road,
Singapore 069706
Tel: +65 6303 0888
Fax:+65 6303 0889

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