Anantara Phuket Resort & Spa Anantara Vacation Club, a shared ownership concept from the well-known Anantara resort brand, has kicked off with sales offices opening in Koh Samui and Phuket. The club involves a point based multiple destination shared holiday ownership option, with luxury private villas in Koh Samui and Phuket as the current “Club Resort” options. An additional location will be added in Bali in the third quarter of this year and over the next five years Anatara expects to include up to 10 more resorts and expand its marketing to Indonesia, China, and the Middle East.
Anantara Vacation Club, a shared ownership concept from the well-known Anantara resort brand, has kicked off with sales offices opening in Koh Samui and Phuket.
The club involves a point based multiple destination shared holiday ownership option, with luxury private villas in Koh Samui and Phuket as the current “Club Resort” options. An additional location will be added in Bali in the third quarter of this year and over the next five years Anatara expects to include up to 10 more resorts and expand its marketing to Indonesia, China, and the Middle East.
In addition to using to staying at the Club Resorts, owners will be able to stay at Anantara Hotels, Resorts, and Spas worldwide under the Club Escapes flexible use arrangement. Club owners will also be able to take advantage of an affiliation with Resort Condominiums International (RCI) and its collection of 4,000 resorts worldwide.
“The Shared Ownership industry is relatively underdeveloped in the Asia Pacific region. During the past 11 years, it is estimated that more than US$150 billion of resort Shared Ownership has been sold on a global basis, however this amount is estimated at only about US$2.1 billion in the Asia Pacific region,”
said Harold Derrah, CEO of Anantara Vacation Club.
“There are almost seven million existing Shared Ownership consumers on a global basis, with approximately 250,000 owning in the Asia Pacific region. Anantara Vacation Club is positioned to take the lead in providing a luxury brand with an affordable ownership model, to accommodate the more flexible holiday habits of demanded by today’s consumers.”
Anantara Resorts & Hotels was launched in 2001 under the umbrella of Minor International and today is comprised of 14 properties around the world.
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Anantara jumps into shared ownership game
Thailand Property Outlook
It is clearly not in our interest to keep guests at our hotels when it is not safe to do so and we are the first to respond to any threats to safety. I urge the foreign embassies and media to give the private sector more credit and to share responsibility with the private sector in minimising the extensive damage that comes from overplaying the danger to tourists.
Although the current outlook for Thailand property has taken a knock and the current political situation needs to be followed closely by potential Thailand property investors, the country’s property market should not be overlooked.
Thailand is member of the ASEAN (Association of Southeast Asian Nations) trade bloc and has free trade agreements with India and China, two fast-developing economic powerhouses. Consequently, many multinational companies are using the country as a regional base for its operations or a place to station employees who travel around Asia. Foreign investment in Thailand is constantly expanding, supporting the strong economic growth of the country.
Compared to 1997 Real estate companies are able to respond much more quickly to changes
Thailand’s property market was able to rebound from past crises and there is every reason to believe it will be able to absorb the blow of recent political tensions. The taxation situation has actually improved the conditions for purchasing property in Thailand, and if property prices do dip slightly as a result of the current situation it may actually be a good time to buy as there is a very real possibility Thailand property will regain its golden outlook soon. As a result, the financial condition of most major housing developers in Thailand is much more robust than in the past. The development of the local bond markets and increasing domestic savings has the made the industry much less dependent on foreign funds, a significant difference from 1997.
The investment sector and domestic consumption in Thailand Real Estate Market will also be affected by political instability – resulting in lower sentiment and confidence. Potential home- buyers will have less money for down payments and may delay purchasing decisions.