TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Mid-Year Phuket Hotel Market Report By C9 Hotelworks

Category: Hotels, Posted:23 Aug 2021 | 18:22 pm

C9 Hotelworks has released its new Phuket Hotel Market Update – Mid Year Edition 2021.

International visitors are an important foundation in driving tourism growth in Phuket. According to the Airports of Thailand, international passenger arrivals increased for ten consecutive years to reach a record of 5.3 million in 2019 before decreasing by 80% to 1.1 million in 2020 due to travel restrictions under the COVID-19 pandemic. While this year total passenger arrivals between January to July dropped to 0.4 million from 1.9 million passengers in 2020.

In FY2020, the market-wide ADR was propped up by the government’s ‘We Travel Together’ program. However, the Bangkok travel restrictions have effectively negated the domestic market and made the island reliant on Sandbox travelers. This has pushed market-wide demand into double digits, though rates have dropped.

Phuket became the first province in Thailand to welcome back international visitors without quarantine requirements. Based on the Tourism Authority of Thailand (TAT), the reopening of Phuket quadrupled its room night demand in July, with further gains registered in August.

Due to the ongoing pandemic, 67% of pipeline projects have been delayed, mostly to 2023-24. The West Coast remains the most popular development area, led by Kamala, Patong, and Layan. Despite the ongoing COVID impact on hotel owners, only two significant transactions of hotels occurred this year, though more are expected over the next 12-18 months.

To read and download C9 Hotelworks Phuket Hotel Update Mid-Year Edition 2021 CLICK

 

Other News

Read more

Phuket’s High And Low Season Hotel Rate FOMO-Fever

Category: , Posted:23 Mar 2024 | 10:52 am So why have Phuket hotel owners and operators developed a bad case of FOMO (fear of missing out) for over more than a decade and why can’t they keep it up (rates that is)? Good insights from Jesper Palmqvist STR stat man at this week’s Phuket Hotels Association quarterly meeting. Did you realize that for […]
Read more

Laguna Phuket Launches Garrya Beachfront Wellness Hotel Residences

Category: , Posted:23 Mar 2024 | 09:44 am The island’s largest developer Laguna Resorts and  Hotels PLC has announced a new hotel branded residences project named Garrya Phuket. The mixed-use complex is on the site of the former Quest Adventure Camp, and will have a total of 150 keys, with 38 two-bedroom residences units now for sale. With beachfront access pricing starts at […]
Read more

Off-Beach Hotels Growing In Phuket’s Bangtao District

Category: , Posted:22 Mar 2024 | 10:30 am On the back of soaring land prices, hotel developers are now moving to inland locations in Phuket’s booming Bangtao district. In what is not being referred to as the ‘Thonglor’ area of Phuket, this area will play host to the upcoming The Standard Residences and also a branded Peri Hotel. Another new signing by Wyndham […]
SiaJai logo

Thailand's Leading Homecare Marketplace