Foreign investors want to invest in projects in Phuket operating in the hotel format in order to receive a permanent rent every year. Now Phuket is in demand for both rest in hotels and real estate for rent for a longer stay. Many Thais themselves buy second homes in Phuket. In addition, more and more foreigners are constantly arriving on the island.
Second homes in Phuket are very popular among Bangkok residents. Foreigners looking for a place to retire consider Phuket as a good location for permanent or long-term residence, for several months a year. Phuket is an important tourist province of Thailand, which mainly supports tourists with high purchasing power (Luxury). At the same time, you can find affordable housing options in Phuket. Phuket is the second largest tourist capital of Bangkok, accounting for 16% of income in the tourism sector of Thailand.
Tourists arrive in Phuket mainly for 14-17 days, as a result of which the cost per person per trip is about $1,759 - $2,228. The hotel business in Phuket is mainly focused on tourists with high purchasing power. Almost 50% of hotel rooms belong to the first class and luxury.