asiapropertyblog.comPerfectly Profitable Paradise – The Pearl of the Orient

The paradise beaches of Thailand have been globally recognised as the best in Asia in the latest Traveler’s Choice awards 2010 by TripAdvisor.

Four Thai islands, Ko Lanta, Khao Lak, Koh Phangan and Koh Samui were ranked 3rd, 4th, 5th and 6^th respectively on the list of “Top 10 Beach & Sun Destinations in Asia” making the land of 1000 smiles the most awarded-Asian country in the category.

Malaysia was one of seven 7 to achieve positive growth in tourist arrivals last year when the rest of the world experienced a 4% decline

Tourism Minister Datuk Seri Dr Ng Yen Yen said Malaysia recorded 23.6 million arrivals last year, up from 22 million in 2008.  source -World Tourism Organisation

“We are confident that as the global economy recovers, Malaysia can expect more visitors,”

Dr Ng yen Yen added that this year’s target would be 24 million arrivals with an estimated RM54bil revenue.

According to Dr Ng, additional programmes are going to be introduced to attract international tourists, including;

• The Putrajaya International Hot Air Balloon Fiesta
• Malaysia International Shoe Festival
• The Malaysia International Gourmet Festival

This is just another positive indicator for tourism growth on SE Asia which intrun should havwe a positive impact of the real estate and more specifically touristic property market.

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