Now is a Great Time to Buy a Hotel in Thailand
Thailand is known as one of the world’s leading tourist destinations, annually finishing in the top-5 for most visitors. Yet, the fallout of the COVID-19 in Thailand has been the colossal collapse of the tourism industry. Without the steady stream of tourists to fill vacant rooms, hotels around the country have closed their doors and listed their properties for sale. With promising hope of vaccines signaling the beginning of the end of the pandemic, now is an excellent time to buy a hotel in Thailand at a premium price.
Deciding where in Thailand you want to buy a hotel can be difficult, as each region has its own culture and attracts different types of tourists. That said, if you are in the market for a hotel in an area that is guaranteed to rebound after the pandemic ends, we have you covered.
Few tourists travel to Thailand and don’t visit Phuket; many fly directly into Phuket International Airport! As Thailand’s largest island, Phuket has numerous high-traffic tourist areas, including Patong, Kamala, and Phuket Town. It is no surprise that Phuket draws in 3.29 million tourists per year!
Undoubtedly the most visited tourist area in Phuket is Patong. With a spectacular sunset-facing beachfront and the world-famous walking street, Patong is the default destination for Thai and International tourists. Of all the areas on Phuket, Patong is the most likely to see tourists return in droves, making buying a hotel in Patong a surefire high-return investment.
Elsewhere on Phuket, and just south of Patong, are Karon and Kata beaches. These immaculate beach towns gained significant popularity pre-pandemic as they offered tourists the beauty of Patong without the headache of navigating around all the other tourists. Kata is known as the surfer’s haven, where flocks of adventure seekers gather to ride waves along the impressive coastline.
Across the Andaman Sea from Phuket is Krabi, a province famous for its islands and Southern Thai culture. Chief among the coveted locations are the Koh Phi Phi islands, a small series of islands in the middle of the Andaman sea. Phi Phi was made famous by the Leonardo DiCaprio movie “The Beach” and has since become perhaps the most accessible island in Thailand. Tourists will often start and end a beach-hopping tour in either Krabi or Phuket and pay a visit to Phi Phi along the way. Simply put, vacant hotel rooms are hard to find year-round.
On the mainland, Krabi sports two main tourist areas. The first is Ao Nang, a coastal beach town with an expansive beach front lined with shops, restaurants, and nightlife options. The hills immediately behind Ao Nang are littered with resorts and luxury hotels. Krabi is also a jumping-off point for boats to islands such as Koh Phi Phi, Koh Lanta, and Koh Yao Yai. As such, many tourists will spend one night in Krabi before embarking in the morning.
Krabi's other high-traffic area is Railay Beach, a peninsula that is cut off from the mainland by huge mountains. As it is only reachable by boat (which stops running after dark), many tourists choose to stay a night on Railay to make the most of their time. Though as many visitors leave in the late afternoon, Railay is one of Thailand's best places to get an undisturbed view of the sunset disappearing into the ocean.
These are just a few of the prime places to buy a hotel in Thailand, though there are plenty of other great locations to consider.