Thailand Real Estate - Thailand Property News from Absolute Real Estate

 

C9 Hotelworks releases mid-year Phuket report.

Airlift is the main engine of Phuket tourism growth which is highlighted by 31 inbound flight routes now operating from Greater China. Total airport passenger arrivals surged for the period of January though May this year by 19% compared to the same period in 2015. Hotels are a benefactor of the volume of arrivals with a 5% year-on-year boost to market-wide RevPAR which was being engineered by high occupancy levels. As the Thai government has slammed the illegal condominium rental market sector on the island, the new hotel pipeline of incoming hotels has 32 new properties set to open over the next three years. Read and download C9 Hotelworks Phuket Hotel Market Update Mid-Year Edition here.