Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Bhutan.
Bhutan has seen steady economic growth over the past few years, driven by sectors like hydropower, tourism, agriculture, and more. The government’s focus on Gross National Happiness (GNH) ensures policies are designed for long-term sustainability, contributing to economic stability. A strong economy supports the real estate market as demand for housing, offices, and commercial spaces rises.
Tourism plays a significant role in Bhutan’s economy, and the country has been seeing a steady increase in international tourists, especially after the pandemic. This growth drives demand for hotels, resorts, restaurants, and rental properties. Real estate developments catering to the hospitality sector are likely to benefit from this trend, offering potential returns for investors.
Bhutan is one of the world’s leaders in sustainability and environmental conservation. Real estate projects that align with these values and include eco-friendly design elements can attract buyers or renters who prioritize sustainability. This trend can further drive the demand for such properties.
Given Bhutan's emphasis on GNH, social and environmental stability, and the government's positive approach toward economic growth, investing in real estate here can carry relatively low political and economic risks. However, the market still holds high potential due to the country’s unique appeal, both for domestic and international investors.
