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We have survivied over half the year that most wish never was, and are now on the downward slope to 2010. Will there be recovery for toursim and property this year? Next week C9 Hotelworks will release its Mid Year Edition 2009 Phuket Hotel Update covering the up to date actual figures for tourism, hotel tier performance and the revised development pipeline on new hospitailty projects in the works. More importantly data is rolling in on the prospects for recovery together with forward forecasts.

Meanwhile the Government’s 1 Billion Baht Tourism Stimulus Package Ignores Phuket. A THB 1billion baht emergency Thai Government emergency stimulus package has prioritized the “Royal Coast Tourism Development Plan” which has been approved by the cabinet, while ignoring for the most part the country’s leading resort destination Phuket (Read more…)

Latest News Stories:

• Laem Ka Four Seasons Site Taken Off Market
• YooPhuket Launch Adding Glitter to Property Market
• PATA Forecasts 10% Toursim Decline
• Sri Lanka Targeting Overseas Tourism Investment

Video Shots:

• Lillian Carpenter / Dewa Top 5 Affordable Pool Villas
• Top 5 Update Military Arrives for ASEAN Foreign Ministers Meeting
• Kevin Murphy / Asiawide Top 5 IHIF Conference

From the Phuket Gazette:

• The Circus Has Left Town
• Condo Hotels Growing Old Gracefully
• Michael Jackson’s Job Is Up For Grabs

To sum it all up, the recently concluded ASEAN Foreign Ministers Meeting was an absolute success for the island and a sign of the growing confidence in the current Government of Prime Minister Abhisit Vejjajiva. Everyone here has given a collective sigh of relief that the country’s image and hopefully also media sentiment is on the way back up again.

Keep the faith,
 

Bill Barnett

© The Phuket Insider