Phuket Hotel Market Update, May 2018

Country: Thailand
Pages: 5

License: Read Here

Airport arrivals beat expectations as soaring international visitors drive 19% y-o-y growth
Second airport in Greater Phuket to be developed by AoT.

“Phuket International Airport hosted a total of 3.5 million passengers during the first four months of the year, representing nearly 19% growth compared to the same period in 2017. While the domestic volume edged up 8%, the significant increase was led by international arrivals which grew by 28% to 2.1 million, accounting for 59% of the overall passengers. The substantial uptick was mainly international flights, which represented a 27% year-on-year growth.

Two factors that attributed to the growing number of flights include the ongoing popularity of low-cost carriers and strong demand from Mainland China and Russia. Demonstrating this trend is that as of May 2018, there were approximately 23 new routes to Phuket, of which 19 routes were direct flights from Mainland China. Viewing the upgrading and expansion of Phuket International Airport, clearly the initiative has helped spur broad growth.
Source: Phuket International Airport and C9 Hotelworks Market Research.

Share It: