Thailand-based Cape & Kantary Hotels ("Cape & Kantary") have announced 15 August 2018as the opening date for their latest property, Cape Fahn. Located on a private island off the northeast coast of Koh Samui, Cape Fahn will offer rates between THB 20,000 and THB 117,000 for their all villa property. The property will be home to 22 pool villas, varying between one and two bedrooms with sizes ranging from 220 square metres to 570 square metres. Dining options include two restaurants and a wide array of activities including water sports, cooking classes, and day trips will be available for guests. Poomiphat Navanukroh, group director for travel expects that 90% of the resorts guests comprise of overseas guest, primarily from Germany, The UK, Australia, China and South Korea. Despite the higher than average room rate, Mr Navanukroh believes the property will achieve an occupancy rate of 80% for 2018 and 85% for 2019, as a result of continued growth in the numbers of visitors to Koh Samui. Cape Fahn will aim to compete with established international operators in Koh Samui, namely, Four Seasons, Six Senses, and Ritz Carlton.