Phuket hotel investment predicted to hit 10 billion

Investment in Phuket's hotel market is predicted to hit a record THB 10 billion this year, according to Jones Lang LaSalle.

The latest  JLL report shows that investment in the sector has surged this year, following international passenger volumes growing by 30 per cent last year to outstrip domestic traffic for the first time.

"Phuket has seen record investment in the first half of 2012 and the market looks on track to enter a renewed period of growth as savvy international investors strategically secure landmark properties in Asia's premier resort destination," Mike Batchelor, managing director of investment sales at Jones Lang LaSalle Hotels, commented.

Source: Property Wire