As Thailand’s Phang Nga Province recorded a record high of nearly 4.5 million visitors in 2016, the lack of a gateway airport is looking to be a key stumbling block, according to a new report by consulting group C9 Hotelworks. Annual arrivals growth has slowed since 2014, but the compound annual growth rate for the five years ending 2016 remains high at 29 per cent, with strong uplift from the overseas market. And despite strong growth from Chinese visitors led by lower margin wholesale business, average daily rates still rose eight per cent. This is attributed to the increasing mix of overseas source markets, while Western Europe remains the key international feeder market for room nights. The report identified South Korea (+62 per cent), Hong Kong (+57 per cent), Russia (+40 per cent), China (+37 per cent) and Australia (+27 per cent) as top growth markets. Looking at average length of...
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