Posted by lukefitzy | Posted in news, tourism | Posted on 04-03-2010
An article published today the 4th of March 2010 on the opp.org.uk website indicated that Asia is leading way with regards to Tourism recovery.
The article highlighted that research from International Air Transport Association (IATA) showed air travel was up 8.6% compared to the market low in February 2009.
Giovanni Bisignani, IATA’s Director General and CEO stated that
“Demand is moving in the right direction,”
Giovanni Bisignani continuted,
“We can start to see the future with some cautious optimism, but better volumes do not necessarily mean better profits. Passenger yields are still 15% below peak. And we expect 2010 losses to be $5.6 billion.”
The article suggested that it is the growinhg demand In Asia which is leading driving the the air travel demand.
Air travel growth was fastest in the Middle East, where carriers did not see a fall during the recession and where demand increased to 23.6% in January.
With increasing visitor numbers to Asia this article is just even more facts and proof that Asia tourist property is an ever growing attractive investment option
While the Philippines is a country made up of over 7000 Islands, the major city locations like Manila, Quezon City have an ever increasing and educated work force especially in the I.T industry and because of this fact a growing number of companies are setting up office and outsourcing work to the Philippines.
These areas as well as some of the popular island locations like Cebu and Boracay for example also bring in tourists of all kinds from around the world.
Investors who are looking to make money from both commercial, residential and touristic property demand have now identified the Philippines as a very attractive option.
As a result of this fact among other factors like increased inward investment the property market in the Philippines is predicted to grow by 10% this year.
Real Estate services firm CB Richard Ellis Philippines sees an uptake in the property market growing by at least 10 percent this year pushed by liquidity, election spending, bank lending and the enactment of the REIT (Real Estate Investment Trust) law.
In a press conference, CBRE Philippines chairman Rick M. Santos, said the growth would be across the board but it would be led by office followed by residential and retail. It was also mentioned that although the growth is office led the tourism sector would also see the development of more hotels and resorts and the emergence of entertainment complexes. Source: IRMA ISIP – Property market to grow by at least 10%.
It is the touristic property investment opportunities that are attractive to many overseas property investors that are not only looking to make capital gains but also some enjoyment from the properties they are investing in. For example the Continent Fairways development on the tropical Boracay island which is proving to be very attractive as the investment offers a high guaranteed rental income provided by the management company of around 20% as well as excellent personal usage, owners can use the property as often as they like but the amount will of course effect the percentage of guaranteed rental income they receive.
This simply takes all of the work out of the investment process for the initial investor. Investors own the property while the management company runs the resort. The investors benefit from a high guaranteed rental income as well as usage and the expected capital growth.
Posted by lukefitzy | Posted in news | Posted on 27-01-2010
The 10-member Association of Southeast Asian Nations (ASEAN) has rolled out a new tourism campaign with the slogan “Southeast Asia: feel the warmth.”
The campaign is aimed at Australia, India, Hong Kong, UK and America and if focused on promoting the new website SoutheastAsia.org
The campaign will target visitors from markets such as Australia and India, as well as further afield in Britain, Hong Kong and North America, the ASEAN Tourism Association said in a statement.
The campaign, launched at an industry forum in Brunei on Monday, is focused on a new promotional website SoutheastAsia.org.
Pehin Yahya, Brunei’s minister of industry and primary resources, told delegates that the region offers
“tremendous opportunities” to visitors including ecotourism and culinary experiences.
ASEAN Tourism Association chairman Felix Cruz says the initiative will promote travel to multiple destinations in Southeast Asia.
This is good news for Asia property developers and investors targeting g the touristic markets as the campaign’s mission is to drive more tourists to the countries where such property developers and investors own properties.
Source: The Sunday Morning Herald
http://news.smh.com.au
Asian nations launch tourism offensive
January 25, 2010
