Connect with us

Property

Property Watch: Phuket pivots into regional education

Legacy Phuket Gazette

Published 

 on 

PHUKET: Sun, sand, surf and study is without a doubt an unlikely combination of S-phrases. That said, Phuket is maturing into a key Asian resort destination for international level education and the upward trend is showing no sign of stopping.

This past week, Thanyapura, the umbrella complex of Phuket International Academy, announced plans to further expand their already considerable 3.5 billion baht investment, and to extend their already sizable stable of facilities. On a larger scale, an emerging set of property developers are now looking into plans to use education as a core activity to expand their real estate business models.

Recently, C9 Hotelworks conducted market research into the sector and found that there are fifteen international schools on the island and eight bilingual (English or Chinese as a second language, or those featuring English programs). A total of 7,114 students attend these combined institutions.

Viewing the international segment, which boasts 2,309 children, the top three schools in terms of attendance are British International at the top spot with 830, HeadStart with 374, followed by Phuket International Academy with 318 students.

Of the newer entries, Kajonkiet International School has surged over just a few operating years and now plays home to 224.

While the term ‘international’ may lead readers to believe all the students are non-Thai, the reality is that within this segment, Thai nationals account for 39% and foreign students 61%. One very relevant metric is the equation of households, meaning families with multiple students in a school, which surpassed 60% in the majority of the larger facilities.

As for the top three English or Chinese language programs at Thai institutions, these ranked with Phuket Thai Hua at 1,821, Kajonkietsuksa School at 1,376 and Darasamuth at 1,013. A total of 4,805 students attend institutions in this segment where Thai nationals make up 92% of the total student composition, though there are 358 foreign children, or 8%. As a key market player, the Kajonkiet Group operates four schools across both sectors.

One key driver of Phuket’s attractiveness is the eligibility for foreigners to obtain a Thai non-immigrant education visa (ED) for students and O type for dependent guardians. There is one O visa allowed per student, and this requires 500,000 baht to be deposited into a Thai bank for three months, or 1mn baht for two guardians. There are well over 500 education visas issued within the schools researched by C9 Hotelworks.

Looking at the employment benefits of the educational sector of international and foreign language schools in Phuket, there is a positive job creation of over 2,000 direct positions, with the majority of these employees being Thai.

A secondary economic benefit is the demand it generates to the local real estate sector in terms of property sales and rentals. There are also cross benefits to automobile sales, consumer products, banking and the broader service sectors.

Overall education and the increasing critical mass of high-level schools to Phuket is helping create a key point of differentiation for the island, given its impressive scale, quality of facilities and increasingly global audience.

Next time you think Phuket is only a one-trick pony with a tourism-dominated business model, look into the real numbers of what is driving our growth and momentum.

Bill Barnett is Managing Director of C9 Hotelworks (c9hotelworks.com), a Phuket-based hotel and property consulting firm. His blog (thephuketinsider.com) is the source for all hotel and real estate news within greater Phuket.

— Bill Barnett

 

Want more Thailand news from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📝️ Join the conversation on Thaiger Talk - discuss news & life in our Thailand forums
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Thailand15 mins ago

Thailand News Today | Lockdown for BKK? Demonstrations back on, Pathum Thani shooter arrested

Thailand19 mins ago

Myth busted: Drinking alcohol does not kill Covid-19 – VIDEO

Phuket1 hour ago

Power outages coming to Kathu, again

Phuket Sandbox July 1st

days
hours
minutes
seconds

Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Tourism1 hour ago

List of countries by Covid-19 risk level, classified by Thailand’s DDC

Thailand2 hours ago

Legalised marijuana up next? Courts get closer to legalising kratom

Phuket3 hours ago

Phuket police raids nab suspects for allegedly having guns, drugs, kratom

World4 hours ago

Antivirus legend John McAfee apparent suicide in Spanish prison

Coronavirus (Covid-19)4 hours ago

Thursday Covid Update: 4,108 new cases; provincial totals

Coronavirus (Covid-19)4 hours ago

Bar girls in Pattaya arrested for allegedly violating Covid restrictions while live streaming

Protests5 hours ago

Gathering for 89th anniversary of constitutional monarchy

Crime5 hours ago

Police arrest suspect who allegedly killed Covid patient and 7-Eleven clerk

Coronavirus (Covid-19)5 hours ago

Multiple Bangkok hospitals stop Covid testing, citing fear of insufficient beds

Pattaya6 hours ago

Chon Buri governor says Pattaya bars will stay closed for now, Covid cases remain high

Crime6 hours ago

15 year old stabbed at private school

Thailand6 hours ago

UPDATE: Police identify alleged gunman who opened fire at field hospital, killing a patient

Thailand4 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism4 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket4 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand6 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending