Why The High End Sector Of The Hospitality Industry Is Booming In Southeast Asia
One of the most profitable sectors in Southeast Asia’s booming tourism industry is luxury residences for the high end traveler. It is predicted that the tourism industry of Southeast Asia will outpace Europe in the next decade. However, for travelers, it is not only the luxury residences that matter but the unique experiences that they enjoy.
Luxury travel in Southeast Asia is certainly booming. Phuket was once featured in international news for hosting the Kardashiansfor a $150,000 a week holiday escapade. Iniala, the Phuket resort, suddenly became a global icon for luxury. Iniala which is located in the Andaman Sea has 24-hour butler service and a restaurant headed by a highly acclaimed Spanish chef.
Data from research and development firm Amadeus reveals that luxury travel in Southeast Asia is set to grow by 8% between 2015 and 2025, the third fastest pace behind South Asia and Europe. For this reason, international brands see the economic potential of Southeast Asia and have been moving in to set up shop.
One example is the iconic Four Seasons Hotels and Resorts group that has invested in properties in Chiang Mai, Samui, Singapore and Bali. The Leading Hotels of the World hospitality group has recently opened Reverie Saigon, an ostentatious example of hotel luxury next to the Saigon River in Ho Chi Minh City. The Saigon Suite is a 275 square meter penthouse that is considered as the hotel’s most expensive room at $12,000 per night.
Aside from luxurious hotels, resorts and residences, the region is also experiencing a boom in luxury tour operators. UK-based Jacada Travel offers unconventional Bali and Java adventures that start at $5,465 per person. The adventure includes wildlife spotting in West Bali National Park, a rafting trip along the Ayung River and a visit to a village healer that can do palm reading.
Everything you are looking for in a Phuket property is available from a peaceful and relaxing environment, spectacular views of the waters, a mountainside location that is near the beach and a solid rental guarantee program from a well- renowned international brand. If you are interested, you can find out more here.