Mar
25

Positive Outlook For Phuket

PHUKET: Last year, Thailand experienced a record number of tourist arrivals – 32.6 million (up 9 per cent year-on-year) PHUKET: Last year, Thailand experienced a record number of tourist arrivals – 32.6 million (up 9 per cent year-on-year), generating 1.6 trillion baht in revenue (up 12.6 per cent year-on-year).

As we go further into 2017, occupancy rates for rental properties over the high season look good – albeit slightly lower than previous years – especially for pool villas, which seem to be like gold dust right now.
In some respects, 2016 was a tremulous year, both in Phuket and abroad. However, many seem to hold a positive view for the year ahead.
Thailand, while going through a period of transition, has once again proven itself to be resilient, with tourist arrivals at record highs, a stable currency and one of the best performing equity markets in 2016 (up 20 per cent year-on-year). With elections, due in early 2018 and infrastructure improvements planned, the outlook is positive.
On a global scale, 2017 – under a Trump presidency and most likely populist policies – will improve the American economy. The US stock market clearly thinks so and a healthy US economy will be good for the global economy, generating 1.6 trillion baht in revenue (up 12.6 per cent year-on-year).

As we go further into 2017, occupancy rates for rental properties over the high season look good – albeit slightly lower than previous years – especially for pool villas, which seem to be like gold dust right now.
In some respects, 2016 was a tremulous year, both in Phuket and abroad. However, many seem to hold a positive view for the year ahead.
Thailand, while going through a period of transition, has once again proven itself to be resilient, with tourist arrivals at record highs, a stable currency and one of the best performing equity markets in 2016 (up 20 per cent year-on-year). With elections, due in early 2018 and infrastructure improvements planned, the outlook is positive.