The requested news item does not exist. Please return to News
Record sales year to date boost hotel property investments in Phuket to new heights
BANGKOK AND SINGAPORE, 30 July 2012 – Jones Lang LaSalle Hotels is predicting the island resort of Phuket to be one of Asia Pacific’s hotel investment hot spots in 2012, following record sales in the first half of the year. Investment in the hotel property sector in Phuket is expected to exceed THB10bn (US$315m) for the full year for first time ever in 2012.
"With international passenger volumes surging 30% in 2011, the island’s international appeal remains strong. In fact, international visitors to Phuket exceeded domestic arrivals for the first time. This growth has been fuelled by excellent air links and the expansion of low cost carriers across the region,” Batchelor added.
Other factors driving growth to the region include a US$180m planned airport upgrade slated to commence later this year, which will double the existing capacity to 12.5m passengers per annum. In addition, political stability in Thailand since the 2011 elections has seen international confidence return to the region as evidenced in the spate of recent sales.
Further activity is expected in the second half of 2012 with Jones Lang LaSalle Hotels launching a five star asset on Phuket’s west coast this week, which is scheduled to open ahead of the peak season this year.
Notes to editorsClick hyperlinks below for hi-res photographs of the properties:• Movenpick Resort and Spa • Evason Phuket and Bon Island at Rawai • Laguna Beach Resort
+65 8423 3744