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JLL sees hotels sales soar

BANGKOK, 15 February 2022: Thailand saw 23 hotels sold in 2021 with approximately 3,000 keys and a combined transaction value of THB13.2 billion, according to the latest report from property consultant JLL.

It represents an increase of 550% from 2020 and 30% over the 10-year average pre-Covid volume witnessed between 2009-2019. JLL’s report covers sale transactions of investment-grade hotel assets in Bangkok and Thailand’s key leisure markets.

JLL Hotels & Hospitality Group executive vice president, investment sales Asia Chakkrit Chakrabandhu Na Ayudhya said: “In the wake of the pandemic, hotel investment activity in Thailand dipped in 2020 with an investment volume of less than THB2 billion. However, the hotel investment market rebounded strongly last year with sales volume increasing almost six times the volume recorded in 2020.”

“Interest from both local and international investors in Thailand’s hotel market started picking up in the second half of 2021 and has continued to grow. Investors have become more optimistic about the outlook for the country’s tourism market. Increased availability of investment-grade hotel assets offered for sale at more realistic prices is another key factor that has fuelled investor demand,” Chakkrit added.

Findings from JLL show that Thailand’s top three hotel investment destinations in terms on investment volumes last year were Koh Samui, Bangkok and Phuket, representing 44.3%, 24.6% and 11.7% of the countrywide volume respectively.

JLL’s Hotels & Hospitality Group senior vice president – investment sales, Pimpanga Yomchinda commented: “Generally, Bangkok is the top hotel investment destination in Thailand. But Koh Samui came in the first place last year because the island had more opportunities to offer compared to Bangkok and also saw Thailand’s largest hotel investment deal completed in 2021 on per asset basis.”

JLL’s data reveal that the average value of the 23 hotels sold last year was circa THB500 to 600 million per asset, with only one hotel in Samui sold at a price above THB1 billion, the average hotel transaction size witnessed in Thailand between 2010 and 2020.

Larger discounts on selling prices in resort markets where hotel owners have felt the stronger impact from the tourism market slump was another reason explaining how Koh Samui attracted more hotel investment than Bangkok in 2021.

“Prices of investment-grade hotel assets in Bangkok have held their ground throughout the pandemic period with generally no deep discounts relative to pre-pandemic levels. Over 75% of the transaction volume in the Thai capital city was considered to have only 0 to 5% discount compared to the pre-pandemic level, and the remaining 25% was sold by the Legal Execution Department at a public auction. On the other hand, assets in Phuket and Koh Samui have seen a larger discount,” Pimpanga noted.

JLL expects the momentum in Thailand’s hotel investment market to continue this year.

“We have seen several hotel investment deals that are currently under negotiation in Bangkok and key resort markets, and a number of these deals are worth over THB1 billion. In addition, the ease of travel restrictions across the region and Thailand will facilitate the participation of foreign investors, leading to higher competition for quality assets. For these reasons, we expect 2022 to be another active year for the investment market in Thailand with volume potentially surpassing that of 2021, not to mention that Thailand was the most active market in Southeast Asia in 2021,” Chakkrit concluded.

Best Western rustles up Reward Rush

BANGKOK, 15 February 2022: Best Western Hotels & Resorts is running a Reward Rush campaign that offers loyalty programme members double points on five stays.

Registered loyalty members can earn 20 points instead of the usual 10 per dollar spent during qualifying stays until 8 May. The deal is applicable to any group’s branded properties, regardless of the length of stay or room category. The double points bonus applies to a maximum of five stays following registering on the rewards website and before completing the first stay.

Whether long-standing or newly-enrolled, BWR members can take advantage of the Reward Rush promotion for their next stay worldwide at any Best Western branded property, SureStay Hotel Group properties and participating hotels and resorts under the WorldHotels Collection.

In addition, every BWR member worldwide is eligible for the latest tier extension, valid through 31 March 2023. Accumulated points have no expiry date.

Outrigger Resort in Khao Lak opens

PHUKET, 14 February: Outrigger Khao Lak Beach Resort in southern Thailand opens on the eve of 14 February Valentine Day celebrations.

To mark the opening, the 158-key property on Bang Sak beachfront is offering rates from THB4,100 (USD125) per night for a deluxe garden terrace room for travel until 18 April 2022.

The opening promotion, called “Long Stay Offer” includes breakfast for two, return roundtrip transfers from/to Phuket airport, THB1,500 (USD45) food and beverage credit per stay, 20% off laundry, and flexible check-in/out. A minimum seven-night stay is required.

The resort, acquired by Outrigger last year, has been fully refurbished.

Apart from its resort in Khao Lak, Outrigger opened the Outrigger Surin Beach Resort in Phuket in late December. The Outrigger Koh Samui Beach Resort is scheduled to open by July 2022.

Thai Vietjet adds flights to HCMC

BANGKOK, 14 February 2022: Thai Vietjet is working closely with its parent airline Vietjet in Vietnam to increase more flights connecting Bangkok and Ho Chi Minh City from the second half of February 2022.

From weekly service throughout the Covid-19 period back in 2020 and 2021, the airlines now have confirmed additional service of up to six flights per week on the route, in response to the easing of travel restriction that is freeing up travel between Thailand and Vietnam.

After limited commercial flight between the two countries, the resumption of almost daily service by the two Vietjet carriers, the prospects of a revival of travel and increasing trade between Vietnam and Thailand.

To mark the major addition of flight service between Bangkok (Suvarnabhumi Airport) to Ho Chi Minh City of up to six flights per week, the airlines introduce a promotion that cuts 50% off fares.

Promotional tickets can be booked via online channels at www.vietjetair.com and mobile app ‘VietJet Air’ from 16 to 21 February for the travel period from 18 February until 31 May 2022.

For more information on entry to Thailand, visit https://tp.consular.go.th/.

According to Vietnam’s travel advisory for Vietnamese travelling back to the homeland, passengers are required to pre-register online and be home quarantined for three days, plus RT-PCR test on the third day after arrival.

Maldives resort tackles plastic threat

SINGAPORE, 14 February 2022: Fairmont Maldives Sirru Fen Fushi is launching a new pioneering project – the Sustainability Lab to play a role in reducing plastics from the ocean.

A private island in the remote Shaviyani atoll, Fairmont Maldives Sirru Fen Fushi has unveiled its Sustainability Lab – the first of its kind in the archipelago. A hub of eco-education, it will turn plastic waste into bespoke souvenirs and unique products, educate guests and empower local communities.

Experts claim that by 2050, there will be more plastic in the ocean than fish. In a bid to fully recycle all the plastic waste generated by the resort and surrounding communities, the Sustainability Lab will turn waste from the ocean into souvenirs and educate guests and empower local communities to care for the delicate underwater environment.

Fairmont Maldives’ mission is to fully recycle all plastic waste generated by the resort and from local communities and ultimately remove ocean plastic from the Maldivian environment.

Specialised machinery will transform and repurpose plastic waste into bespoke souvenirs for guests and useful products, such as furniture, for local communities.

The Sustainability Lab will eventually become a recycling centre for the atoll and beyond.

As tourism continues to grow and develop in the Maldives, so too does concern regarding single-use plastics and its impact on the pristine ecosystems.

Fairmont Maldives’ mission?

To fully recycle all the plastic waste generated by the resort and surrounding local communities, and ultimately, remove ocean plastic from the Maldivian environment. With the launch, the resort aspires to be as close to zero waste as they can use current and future technology improvements in order to find better ways to reduce, reuse, recycle and upcycle waste whilst inspiring others globally to help secure a better future for the surrounding oceans and communities.  

Turning Waste into Wonder

Specialised machinery in the Sustainability Lab will transform and repurpose plastic waste into beautiful bespoke souvenirs, including luggage tags in the shape of turtles, mantas and sharks. After the plastic has been collected from the beach, reef, and ocean, they are separated alongside glass and aluminium before a series of machines are used to shred, melt, shape and press it into various products – an extruder melts the plastic into moulds to create unique shapes, a sheet press will make custom-designed furniture and low-grade plastic, glass and sand will be transformed into recycled plastic building bricks. The resort has already processed over 725 kg of plastic in the lab to date, turning the waste into exquisite and unique furniture, useful stationery for local schools including rulers, clipboards, and carabiner hooks, in addition to turtle-shaped luggage tags for guests.

Community Upliftment

Community upliftment is part of Fairmont’s DNA, and the Sustainability Lab will eventually become a recycling centre in the atoll and beyond, creating a culture of sustainability and accountability in local communities. Surrounding islands will be encouraged to collect, sort, and recycle their plastic waste by sending it to Fairmont Maldives rather than leaving it to a landfill or discarding it in the ocean.

What’s more, the resort has partnered with seven local schools in Shaviyani Atoll for the Fairmont Award Scheme, whereby the sustainability team will visit the schools to teach classes and host workshops on recycling, marine biodiversity, climate change and ocean conservation. Local children are also invited to visit the resort to witness the Sustainability Lab in action in addition to the island’s other conservation projects, encouraging the next generation to care passionately about protecting their natural ecosystem.

Educating the Next Generation of Eco-Conscious Travellers

The Sustainability Lab will become the centre of Fairmont Maldives’ wider sustainability initiatives, offering a variety of educational programmes and activities to provide guests with first-hand experience in conservation research. Guests can join the sustainability team to collect plastic waste before learning how to use the machines and make their own products, learning the importance of segregating and recycling plastic and how it can be commoditised to make beautiful bespoke gifts and souvenirs.

Pioneering Programmes

One of the biggest problems facing sea turtles in the world today is the large quantity of plastic polluting the oceans. To emphasise the importance of tackling this issue, Fairmont Maldives has launched their Turtle Ranger Program, whereby guests can learn about the various conservation methods and techniques to better protect this endangered species and help our marine biology department collect Photo ID tracking data, which the resort collects on behalf of the Olive Ridley Project, a Maldives-based NGO focused on turtle research. Guests can join the Marine Biologist to protect turtle nests, assist hatchlings in their journey from nest to ocean, rescue turtles entangled in ghost nets, and collect vital tracking data to monitor migration patterns.

As part of the programme, the resort now tracks over 50 resident Hawksbill turtles, and in 2021, they released over 1,200 baby green turtles born on the east coast of the resort. The Turtle Rangers also carry out workshops in the Sustainability Lab, converting plastic removed during beach cleaning into turtle-shaped products using innovative recycling machines. These initiatives are part of Fairmont Maldives’ Save the Ocean programme, which is split into three key projects; reef conservation and protection, the Sustainability Lab, and an educational awareness campaign targeted towards both guests and the local community. Each project focuses on different aspects of a sustainable way of saving the ocean and protecting marine biodiversity in the Maldives.

TAT makes a dash for revival

BANGKOK, 14 February 2022: The Tourism Authority of Thailand is moving forward with its goal to revive and transform Thai tourism, with the ‘Visit Thailand Year 2022: Amazing New Chapters’ campaign, by formulating what it calls a ‘DASH’ model.

The ‘Visit Thailand Year 2022: Amazing New Chapters’ campaign was initially introduced globally at the World Travel Market (WTM) in London, on 1 November in line with the country’s quarantine-free reopening to international travellers announced during the same week.

TAT governor Yuthasak Supasorn has now added a “DASH model to the campaign during his latest briefing on recovering from Covid-19.

“With the Visit Thailand Year 2022: Amazing New Chapters, TAT envisions change towards stronger and sustainable, more responsible, more digital, and more inclusive tourism growth … To achieve this, TAT has formulated a ‘DASH’ model to set the entire organisation towards the single goal of transforming the tourism sector.”

TAT’s Big DASH

D – Domestic travel: The model places emphasis on both tourists and operators in the tourism industry;

A – Accelerate Demand: The model seeks to stimulate qualitative demand, build trust, and a good image by placing focus on tourists’ safety, targeting high-income segments, and delivering impressively different and valuable experiences;

S – Shape Supply: The model looks set to elevate the tourism ecosystem to quality and sustainability based on responsible tourism and digital tourism for all parties to benefit together, resulting in sustainable income distribution to each sector;

H – Healing Thai Economy: The model focuses on helping to revive the Thai economy through tourism with the country’s reopening to ensure a fast recovery and strong, sustainable growth.

(Your Stories: TAT)

For the full story see https://www.tatnews.org/2022/02/visit-thailand-year-2022-amazing-new-chapters-envisioned-thai-tourism-transformation/

SOS to the rescue with a Covid Trip planner

SINGAPORE, 14 February 2022: To support a safe return to travel and enable organisations to navigate the ever-changing landscape of Covid-19 restrictions, International SOS has rolled out a new risk management tool, the COVID Trip Planner.

The planner, which provides personalised information and advice on planning travel, is now accessible to its clients via the International SOS ManagerView and Assistance App.

In partnership with global data provider Sherpa, the information provided in the planner is constantly updated as countries and regions change their Covid-19 related rules and requirements. This includes travel rules by destination, country visa requirements, testing requirements and quarantine mandates. Using the Covid Trip Planner, travellers will better understand how they can plan travel based on the passport they hold and their Covid-19 vaccination status. They will also have direct access to any necessary forms to complete prior to departure.

International SOS has been supporting organisations to navigate the complexity and changing regulations since the start of the pandemic. It continues to enhance its technology to support the needs of travellers. The launch of the Covid Trip Planner promotes a safe and sustainable return to travel for many organisations as they navigate the complexity of complying with the changing regulations and ensuring safe business travel decisions are made. Users of the Covid Trip Planner will also have access to the International SOS Assistance Centre 24/7 Support, enabling them to connect with medical or security professionals whenever needed.

About the International SOS Group of Companies

Founded in 1985, the International SOS Group, headquartered in London & Singapore, is trusted by 12,000 organisations, including the majority of the Fortune 500, as well as mid-size enterprises, governments, educational institutions and NGOs.

To find out more about the solution, click here

Adventure travel gurus meet in Japan

SINGAPORE, 14 February 2022: The 2023 Adventure Travel World Summit (ATWS), the annual travel industry event hosted by the Adventure Travel Trade Association (ATTA), will be held in Hokkaido, Japan, 11-14 September.

The announcement was made during the recent Adventure Travel World Summit, presented in a virtual setting – an event in which Hokkaido, Japan was due to host in-person before global travel was disrupted by the COVID-19 pandemic.

The ATTA’s annual Summit event draws hundreds of industry professionals from around the world for several days of educational programming, a marketplace, lauded keynote speakers, ample time for one-on-one networking, including a focused session with attending media, and exploration of the host destination. This will be the first ATWS in Asia, signalling the importance of Japan as a major player in adventure tourism, as well as the growing global opportunities for adventure travel.

Hokkaido governor and president of the ATWS Hokkaido executive committee Naomichi Suzuki stated: “I am truly delighted by the decision to hold ATWS 2023 in-person in Hokkaido… People can enjoy a myriad of outdoor activities, including cycling, canoeing, and trekking, in Hokkaido. At ATWS 2023 I am eager to see you actually experience the unique adventure travel Hokkaido, Japan, has to offer and discover its appeal as a novel destination.”

To learn more and receive updates about the Adventure Travel World Summit 2023 Hokkaido, visit https://www.adventuretravel.biz/events/summit/japan-2023/.

Princess launches summer season cruises

SINGAPORE 11 February 2022: Princess Cruises announced a brand new 2022 summer season of cruises roundtrip from the Port of Los Angeles; the line’s first-ever summer season to Mexico, Hawaii, and the California Coast.

Cruises start 25 June 2022 on Sapphire Princess and will take guests on 16 cruises ranging from four to 16 days, including a five-day getaway for the 4 July holiday.

On sale 16 February 12022, the cruise line with the longest history sailing from the Port of Los Angeles is offering its summer season of sailings onboard Sapphire Princess. The 2,670-guest MedallionClass cruise ship features more than 700 balconies, world-class dining and dazzling entertainment. Plus, guests can choose from a variety of curated shore excursions in every port to soak up the local sights, culture and cuisine.

Sapphire Princess itineraries include:

  • NEW Mexican Riviera with La Paz – seven-day cruises with stops in Cabo San Lucas, La Paz and Ensenada. Departure dates: 25 June and 3 September 2022.
  • Mexican Riviera with Puerto Vallarta – seven-day cruises with visits to Puerto Vallarta, Cabo San Lucas and Ensenada. Departure dates: 30 July and 17 September 2022.
  • Baja Peninsula & Sea of Cortez – 10-day cruises featuring an overnight stay in Cabo San Lucas with La Paz, Loreto and Puerto Vallarta. Departure dates: 24 September and 23 October 2022.
  • Classic California Coast – seven-day cruises featuring an overnight in San Francisco with San Diego and Ensenada. Departure dates: 23 July, 27 August and 10 September 2022.
  • Hawaiian Islands – 15- and 16-day cruises with stops in Hilo, Honolulu, Kauai (Nawiliwili), Maui (Kahului) and Ensenada. Cruise dates: 7 July (16 days), 11 August (16 days), 4 October (15 days) and 2 November 2022 (15 days).
  • West Coast Getaway with San Francisco – five-day cruises featuring San Francisco and Ensenada. Departure dates: 2 July (with late-night stay in San Francisco on the 4th of July) and 6 August 2022.
  • West Coast Getaway with San Diego – four-day cruise to San Diego and Ensenada. Cruise departs on 19 October 2022.

Sapphire Princess offers Princess MedallionClass Vacations which begins with the Medallion™ wearable, a quarter-sized device that enables everything from expedited contactless boarding to locating loved ones anywhere on the ship, as well as enhanced service like having whatever guests need, delivered directly to them, wherever they are on the ship. In addition, guests can share their favourite cruise moments using MedallionNet, the best WiFi at sea, as well as stay connected with friends and family back home, work remotely anywhere on the ship, quickly post content and stream favourite movies and shows.

Sapphire Princess had previously homeported in Singapore from 2014 to 2020.

For more information: www.princess.com

Countries hardest hit by Covid

SINGAPORE, 11 February 2022: A new tourism report by Compare the Market analysing 45 countries showed Hong Kong’s tourism industry suffered more than any other country during the pandemic, with a 75% drop in domestic and international travel between 2019 and 2020.

On the other hand, Brazil’s tourism industry was the least affected by the pandemic, with only a 28.6% drop year on year.

Global tourism has been crippled by the pandemic with border closures, quarantine rules and the threat of Covid-19 deterring would-be travellers the world over. New research by Compare the Market reveals which countries fared the worst and which ones survived.

Hong Kong was the most affected, with a 75% decline in its tourism industry from 2019 to 2020. In 2019, tourism and travel contributed USD45 billion to the country, which represented 12% of the GDP. This reduced to just 3% in 2020. 

Ireland came off second worst with a 71.4% decline in tourism year-on-year, while Fiji rounded out the top three with a decrease of 65.9% in domestic and international travel.

Of the 45 countries observed, 23 saw their travel industry’s contribution to the national GDP cut in half in a single year, if not more.

Most island nations analysed (Fiji, the Bahamas, Maldives and the Philippines), which still experienced great drops in tourism, managed to keep their industry contributions (to the national GDP) above 10%.

The only mainland country that was able to replicate this feat was Croatia, which managed to maintain its tourism industry at 10.2% of the GDP in 2020 (down from 24.3% the previous year).

On the other end of the scale, Brazil’s tourism industry was the least affected, only suffering a 28.6% decline by going from 7.7% in 2019 to 5.5% in 2020.

India came out second-best with a total decline of 31.9% year-on-year, while Chile’s tourism industry went from being worth 9.9% of the national GDP in 2019 to 6.6% in 2020 (a decline of 33.3%).

New Zealand, the US and Australia were able to minimise the damage of the pandemic and keep the decline below 50%.

The results for these three countries are particularly surprising, given they were some of the first to implement restrictions on global air travel by early February 2020.

Keeping transmission low, nations like New Zealand and Australia were able to mitigate losses by driving domestic tourism – however, these campaigns were eventually hampered by border closures too. 

For more information on which countries’ tourism industries were most and least affected by the pandemic, visit: https://www.comparethemarket.com.au/travel-insurance/features/the-worth-of-tourism/