Most “foreigners” who purchase a property within Samui have previously enjoyed holidays here, and have subsequently fallen in love with Samui’s many charms, affordability and relaxed way of life. It is therefore important when looking at the future potential of “overseas” investment regarding the property market, to first see how the Thai tourist industry, the leading industry in Thailand, has been and will continue to perform as it is today’s tourists who will become tomorrow’s investors.
Below are some comments taken from a Jones Lang LaSalle report regarding their views on tourism in KohSamui:
• Growing prominence of SuratThani airport as a secondary gateway to Samui, in addition to the existing airport, has helped fuel demand.
• Visitor arrivals to Samui Airport in 2013 increased by 14.5% over 2012 to 1.5 million.
• According to the Department of Tourism, there are 20,047 hotel rooms in Samui as at 2013 year-end.
• The large increase of high-end resorts during the past three years has repositioned the island as a luxury resort destination.
• Recent political demonstrations in Bangkok have had a minimal impact on hotel trading performances in KohSamui.
• Occupancy in 2013 reached a record of 73% growing by about 5% over 2012.
• The supply pipeline for Samui is slowing over the next three years and is largely concentrated in the midscale to upscale segments.
• Demand fundamentals remain healthy going forward and we anticipate continued emergence of short-stay demand from key Asian source markets.
• We expect China, Russia and India visitor markets to be the strongest growth markets in the medium term.
• We anticipate a stable or increasing occupancy outlook for 2014/15.