BANGKOK, 15 May 2019 – The Southeast Asia Hotel Investors’ Summit returns for its third edition 16 to 17 May to feature presentations by executives from both hotel owning groups and management companies.
The summit organisers claim there are challenges ahead for Thai owners and developers who are building properties in Thailand. The summit’s takeaways may ruffle feathers.
One is the slowdown in arrivals from China, while another is the decline in hotel occupancies in Phuket, Samui and Krabi.
Vietnam is catching up on Thailand and even the holiday island of Bali in Indonesia beats Thailand’s Phuket in REVPAR, occupancy and average daily rates according to STR data.
Against this backdrop, 12,000 new rooms will need to be absorbed in Bangkok
SEAHIS will examine these issues and look for solutions, with contributions from experts from among hotel owners, operators, consultants, law firms and participants in the new economy.
“Many hotel conferences are reluctant to put the real issues up front in order to avoid treading on sensitive ground, but at SEAHIS we believe our attendees want a very honest discussion about the prospects for the hotel sector in Southeast Asia” said HOFTEL CEO Simon Allison “We have top executives giving real insights on how hotel owners and their key business partners can improve their profits.”