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Press Releases from Castlewood Group Pte Ltd (9 total)

Increasing Tourist Arrivals to Phuket

A surge in tourist arrivals at Phuket International Airport in 2011 has been welcomed by many of the Islands hotels. However long passenger queues caused by extra international arrivals have been cause for concern; what measures has the airport put in place to combat these problems? According to recent statistics from Phuket International Airport, the number of passengers at the airport had reached more than 5.6 million in the first eight

Strong Hotel Performance in Thailand during 2011

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

Phuket: Still Going Strong despite Severe Weather Conditions in Other Areas of T …

The current flood situation in Bangkok has not affected Phuket. In fact, the tourism industry in Phuket is performing better than last year, according to Mr Bhuritt Maswongsa, Vice President of Marketing for Phuket Tourist Association (PTA). Resorts and hotels in Phuket have also reported strong bookings in November and December. The hotel occupancy rates in November and December 2011 are 75% and 90% respectively. Phuket is still doing well

Thailand Promotes Itself as New Luxury MICE Destination

The Thailand Convention and Exhibition Bureau (TCEB) are expecting 720,000 MICE (meetings, incentives, conventions and exhibitions) visitors to Thailand this year which will generate US $1.9 billion in revenue. Over the past two years, the MICE tourism in Thailand had grown tremendously. According to Akapol Sorasuchart, the President of TCEB, Thailand is now positioning itself as the new luxury MICE destination. This is due to the paradigm shift in the

Phuket; Tourism Hub

According to the Tourism Authority of Thailand (TAT), international tourist arrivals in Thailand have jumped by 24.36% to 8.2 million. They were mainly from the United States, Russia, India, China and Japan. The TAT also reports that revenue generated by tourism will reach 600 billion baht by the end of the year. They will soon be increasing their marketing efforts to target European first-time visitors, particularly from the United

Will Rising Interest Rates Cause Singapore’s Private Property Market to fall?

Singapores recent private property market boom appears to be coming to an end as interest rates are predicted to start rising. Experts agree this could cause property prices to fall by around 6 percent, so where does this leave investors? Castlewood Group can offer a solution. Singapore’s mid to high end properties are under scrutiny during this 3rd quarter of 2011 as housing prices rise whilst an oversupply of units are

New Flight Route from Chongqing in China to Phuket as Chinas Economy Grows, by C …

New flight routes from Chongqing, one of the five central cities in China, to Phuket, Thailand have been directed due to the increase of Chinese tourism to this destination. Sichuan Airlines will be operating this service three times a week on Wednesdays, Fridays and Sundays. Chinese tourism is expected to reach 1.05 million by the end of this year, seeing as there were more than 130 flights from China to

Castlewood Group recognized by Singapore Business Federation

Castlewood Group is proud to announce that they have been recognized by the Singapore Business Federation as a Statutory Member. As a Statutory Member, Castlewood Group will be entitled to vote at Singapore Business Federation meetings and will be part of the vast 15,000 companies worldwide which contribute to the Singapore economy. Castlewood Group’s Managing Director, Chris Comer, commented, “We at Castlewood Group are privileged to be a part of

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

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