With its stunning beaches, vibrant nightlife, and rich cultural heritage, it's no wonder that Phuket has become one of the top tourist destinations in SEA. However, the surge in tourism has also strained Phuket's existing infrastructure, especially its international airport. In response to the increasing number of visitors, the island recently unveiled its Andaman international airport, which promises to unlock new opportunities for tourists and locals alike.
Phangnga-Andaman International Airport
Andaman International Airport which is also known as Phuket's second airport will be in Phang Nga province, Thailand, in proximity to Phuket. Due to the tourism influx, the current flight time slot of the original airport is not enough and Airports of Thailand (AOT) is speeding up the construction of the new Andaman International Airport, expected to open in 20231. The airport is expected to handle 43 flights per hour and both airports to accommodate 18 million passengers per year.
Impact on Tourism
The opening of Phuket's second international airport is set to have a significant impact on both the tourism industry and the local economy. With additional capacity, more airlines will be able to operate direct flights to the island, connecting Phuket to more destinations around the world. This not only makes it more convenient for travelers but also increases the visibility of Phuket as a global tourist destination. This will undoubtedly lead to a boost in international arrivals, which will have a positive impact on local businesses, such as hotels, restaurants, and property sectors.
Promising Future for Phuket's Real Estate
This upcoming infrastructure project will lead to an increasing number of tourists visiting Phuket, which will ensure a steady demand for travel-related businesses. The demand for high-end accommodations keeps growing, which is eye-catching to enhance Phuket’s property market. The real estate market has a promising future with high rental potential and a long-term revenue stream since assets tend to appreciate over time.
In Conclusion
The booming tourism industry in Phuket is evident, with millions of visitors flocking to the island and generating significant revenue during these years. Exciting new infrastructure projects are fueled by its supportive government, offering immense investment opportunities for international real estate investors. If you are interested in investing in a luxury villa market in Phuket feel free to contact our team of dedicated property experts at SKHAI to schedule an in-depth call and get all the information you need to make a smart investment decision.
