Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com

Phuket to Attract Some Large Investments

Even though news about new hotels in Phuket keep coming almost every week, the hotel segment of the popular resort is expected to attract even more attention from the side of investors. According to Jones Lang LaSalle Hotels (JLLH), in 2012 for the first time in the history of the resort Phuket will attract the investment of US$315 million for the full year. JLLH adds that the resort is likely to become the most popular Asia Pacific hot spot in the nearest future.

2011 was a very successful year for hotels in Phuket as the resort welcomed 30% more visitors. The island remains an attractive destination for international visitors. The previous year was also the first one when international arrivals exceeded domestic demand. One of the main reasons for such growth was the expansion of low-cost carriers and improved airline connection. The number of visitors is expected to grow thanks to the upgrade of the island’s airport that is to begin closer to the end of the year. The large-scale US$180 million upgrade will greatly expand the capacity of the airport. Once all works are finished, the main transportation hub will be able to serve up to 12.5 million passengers a year. Political stability of Thailand is one more significant factor.

Because of all these factors Phuket may attract more visitors and so there’s no wonder why investors want to choose potentially successful and secure properties.

11.08.2012

Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on OrangeSmile.com.