HMSthailand.com

The TTR Weekly Report of  10 October 2011  reports that the landmark hotel in the centre of Phuket town, Thavorn Grand Plaza Hotel, is up for sale.  The hotel closed a month ago, according to a report in Phuket News.

The hotel is being sold by a sealed-bid auction with quotes starting at Bt420 million. The 17-floor building has 150 rooms with a total floor area of 8,600 sqm. Other facilities include a conference room, night club, coffee shop, restaurant, beauty salon and swimming pool.

The company’s Thavorn Massage Palour was also up for sale at a starting price of Bt60 million.

According to Thai Hotels Association president southern chapter, Suchart Hirankanokkul, Phuket has over 400 hotels with around 80,000 rooms available, mostly on the island’s west coast beaches. More hotels are due to opening adding 1,000 rooms to the overall  inventory.

Siteminder organizes the coming week an educational session how to maximize your online bookings, increase revenue and have an effective online Marketing Strategy. An industry expert talks about current market trends, gain a valuable insight into the world of Online Distribution and the best ways to increase your online presence. Topics will include:

* The World of Online Travel – why it is important & why it matters to you

* The importance of a solid online distribution strategy

* Increase your efficiency & revenue by utilizing Channel Management

* The most important things to look for in a good booking engine

* Maximising your revenue potential using accommodation websites

* Property Management System integration and why it is the important new technology

* A live demonstration of SiteMinder Channel Manager and TheBookingButton

Where: Ko Samui

When: Tuesday 16th August 2011
Time: 2.00pm – 5.30pm

Venue: The Imperial, Samui Beach
www.imperialhotels.com/imperialsamui

RSVP
Thursday 11th August 2011

This seminar is ideal for:
Property Owners Senior Management Revenue Managers Reservation Managers eCommerce Managers

The seminar is free although numbers are limited, maximum 2 attendees per property.

Please register as soon as possible.

Please register here.

Recently the discussion started that Hotels in Phuket Thailand would feel that due to competition, the rates were under pressure. It’s true that the market is controlled by supply and demand, and over supply will have its fierce effect on the average rate. Proper rate management would be the tool to help you as a revenue manager or Hotel manager, to benefit from this effect. The first step of Revenue Management is to start preparing your price strategy. It is not only about what your competition is doing, you better of doing it different and sooner. By creating your own plan, based from your budget, you can control what would be acceptable selling your rooms at a certain level, rather then that the pressure of your competition will force you to make decisions which will negatively influence the financial performance of your hotel.

Learn more about this and other useful tricks on hmsthailand.com