Phuket is entering a new growth cycle. Rathawat Kuvijitsuwan, Partner at Capstone Asset, mapped out what is driving it in his session “Phuket’s Next Growth Phase” at Dot Property Connect Phuket on 20 February 2026, one of the key gatherings for the island’s developers, agents, investors and service providers.
What is driving Phuket’s next growth phase
The latest figures from several sources point the same way:
- Infrastructure: Phuket International Airport handles around 12.5 million passengers a year, with expansion planned, while the new Andaman International Airport in Phang Nga, less than 20 minutes away, is under development alongside new expressways and upgraded water supply and drainage.
- Tourism: Phuket welcomed more than 11.47 million visitors from January to October 2025, generating over THB 442 billion in revenue, according to provincial officials.
- Rising demand for high-quality, branded and low-density living: C9 Hotelworks puts Phuket’s future resort-grade real estate supply at around US$14 billion, with 5,208 new hotel keys due to open between 2026 and 2029, while Thailand’s branded residences market has reached about THB 205.3 billion.
Khun Rathawat also discussed how developers can create projects that serve both residents and the island well, and shared progress and the design vision of PEYLAA Phuket, Autograph Collection Residences in Bangtao (Cherngtalay).
Thank you to Dot Property and all attendees.
