C9 Hotelworks News

Report shows Phuket shared property ownership Is multi-million dollar sector
Shared ownership sales for Phuket represented USD61.2 million for 2008, validating the sector’s stability despite the economic downturn, according to a recently released comprehensive research study into the industry.
Phuket hotel development remains strong
Development of new Phuket hotel properties remains strong, despite ongoing political issues in the country and international financial downturn. Thirty new hotels are at various stages of development with over 4,918 rooms due to hit the supply side over the next three years through 2011, according to market research conducted by Thailand hospitality consulting firm, C9 Hotelworks.