Connect with us

News

The evolution of an island – Phuket’s rise and rise

Bill Barnett

Published

on

The evolution of an island – Phuket’s rise and rise | The Thaiger

PHOTO: Banyan Tree Phuket

“Thailand’s great push forward on mega-transportation projects is seeing strong dividends being paid in its tourism industry. One key example is Phuket, where passenger arrivals grew by nearly 19% in the first four month of the year at the newly upgraded and expanded international airport.”

By Bill Barnett

Why Phuket? One only has to look at the upward trajectory of low-cost carriers (LCC’s) and supercharged airlift. Underpinning the remarkable growth story is the exponential rise of Mainland China, which registered a 50% year-on-year increase, followed closely by Russia at 47%.

By the end of 2018, a record high 9.7 million passenger arrivals are expected to pass through the airport.

Direct flights to Phuket this year as of May has witnessed 23 new routes introduced to the destination with 19 being from Mainland China according to Thailand-based consulting group C9 Hotelworks latest market research. Currently there are 33 cities in China that link to the destination, door to door.

A defined shift in geographic source markets over the past ten years has experienced rising demand for non-beach centric activities. With the strong purchasing power of tourists, especially Chinese, Russians and Australians, more retail and tourism attractions are developing on the island. The changing mix of visitors is reflected in the island’s hotel performance with leading hotel data benchmarking group STR reporting that in 2018 upper midscale hotels have shown the highest demand growth of 10% compared to the same period last year.

Phuket is gradually transforming to a more urbanised holiday destination rather than a pure beach getaway. Resort-oriented retail is a rising force, with our data showing nearly 200,000 square meters of Grade A net lettable area in the pipeline.

Another spin-off of the tourism numbers is a series of impressive upcoming themed tourism attractions including Vana Nava Water Park, Blue Tree Water and Entertainment Park and Aquaria at the new Central Festival mall extension. The powerful mix of retail and tourism is most evident in the island growth belt from Kathu to an ever-expanding Patong.

Looking at the hotel sector, presently Phuket has a total of 1,744 tourist accommodation establishments with 84,427 keys as of Q1 2018, which includes both registered and unregistered properties. There are 36 new hotels in pipeline with 27 properties affiliated with international hotel brands. In addition, with the intention to attract real estate buyers, 10 upcoming mixed-use properties will a have hotel residences component, which accounts for 28% of total incoming supply.

Summing up Phuket’s pathway to sustainable growth, the announcement that the AoT (Airports of Thailand) is set to invest an estimated USD1.8 billion in a second airport just over the Sarasin Bridge in Phang Nga bodes well for fundamentals. Creating a broader Greater Phuket Tourism Triangle that includes Phang Nga Bay and the prime West Coast beach strip from Natai to Thai Muang on the mainland will bring more diversity and refresh the island’s maturing global appeal.

The evolution of an island - Phuket's rise and rise | News by The Thaiger

Read the full report from C9 Hotelworks.com HERE.



Find more property for sale and rent across Thailand at Thaiger Property, powered by FazWaz. You can even list your property for free.

Read more headlines, reports & breaking news in Phuket. Or catch up on your Thailand news.

Bill Barnett has over 30 years of experience in the Asian hospitality and property markets. He is considered to be a leading authority on real estate trends across Asia, and has sat at almost every seat around the hospitality and real estate table. Bill promotes industry insight through regular conference speaking engagements and is continually gathering market intelligence. Over the past few years he has released four books on Asian property topics.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Bangkok

Belarusian ‘Anastasia’ will be in Moscow detention another 3 days

The Thaiger

Published

on

Belarusian ‘Anastasia’ will be in Moscow detention another 3 days | The Thaiger

Anastasia Vashukevich, aka. Nastya Rybka, the Belarusian model/sex-educator/Instagramer who spent a year in a Thai jail awaiting last week’s Court case, and was then deported, remains in a Moscow jail as of last night after the presiding judge decided to extend her detention by 72 hours.

She was arrested at Moscow airport on Thursday after being deported from Thailand on Tuesday night. She, and seven others, pleaded guilty last Tuesday for participating in a “sex training course” in Pattaya nearly 12 months ago.

During a hearing yesterday in Moscow, she said she did not want to “in any way compromise aluminum mining magnate, Oleg Deripaska”.

According to Interfax she said in the hearing, ”I have had enough.”

Her lawyer Dmitry Zatsarinsky, told reporters that his young client “has committed no crime” and had “nothing to do with” Deripaska and “still less with US President Donald Trump”.

On Friday her lawyer denounced Anastasia’s arrest, which was made while she was in transit in Moscow after a flight from Thailand on her way to Belarus.

The Belarusian gained notoriety last year when she claimed she had proof of Russian collusion with the Trump Presidential election campaign. She has now had her detention in Moscow extended by three days by a Russian court.

According to Interfax reports, she told the court she denied the accusation of prostitution, telling the court that “I am not guilty of what I am accused.”

She unexpectedly pleaded guilty in a Bangkok court to charges of prostitution relating to last February’s sex training course in Pattaya. The Thai judge suspended the group’s sentences but deported them, effective immediately.

Anastasia had been in custody in Thailand since a police raid in what AFP described as the “sleazy seaside resort of Pattaya” last February.

Belarusian 'Anastasia' will be in Moscow detention another 3 days | News by The Thaiger

Anastasia cruising around Phang Nga in 2017 – Instagram

Continue Reading

Thailand

New 500 baht fine for drunk cycling

The Thaiger

Published

on

New 500 baht fine for drunk cycling | The Thaiger

Up to now drink-driving cyclists have not been included in the laws governing drunk drivers of other vehicles in Thailand. But with the rising popularity of cycling as a fitness trend, that’s about to change with a new 500 baht fine if bought drunk in control of a bike.

Drunk bicyclists who are currently immune to litigation because there is no law to make drunk cycling an offence. The new laws are covered in the upgraded traffic bill which passed the first reading of the National Legislative Assembly last week.

But, according to the Bill drafters, riding bicycles in public while being drunk is still regarded as a petty offence and the penalty would be just a 500 baht fine.

The same new traffic bill also seeks to empower traffic police to seize driving licenses of drivers found to be drunk behind the wheels and judged incapable of driving.

The bill will also merge the Land Transport Department and police databases to coordinate and share information on backgrounds and traffic violations records of drivers and motorcyclists.

A score system is being introduced under which law-breaking drivers will have their scores cut for every traffic violation.  Everyone will start a 12 month period with 12 points. If the scores are down to zero, the drivers will have their driving licenses suspended for up to 90 days.

Continue Reading

Bangkok

Bangkok smog: Police get out their hoses

The Thaiger & The Nation

Published

on

Bangkok smog: Police get out their hoses | The Thaiger

by Kornkamon Aksorndech 

Traffic police and volunteers sprayed water at four locations in Bangkok this morning in a bid to curb the dust and smog pollution.

Pol Maj General Nithithorn Jintakanon, commander of the Traffic Police Division of the Metropolitan Police Bureau, presided at the dispatch of 150 police officers and volunteers from his headquarters on Vibhavadi-Rangsit Road.

They chose four high-traffic locations and sprayed water in front of the Government Complex on Chaeng Wattana Road, the Din Daeng expressway toll gates and at the Ratchadapisek-Lat Phrao intersection on Lat Phrao Road and a Ramkhamhaeng Road intersection.

#pissinginthewind

Bangkok smog: Police get out their hoses | News by The Thaiger Bangkok smog: Police get out their hoses | News by The Thaiger

SOURCE: The Nation

Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required

Trending