Developer Proud Real Estate Plc expects to close sales of a luxury condo project in Hua Hin by next April as wealthy Thai buyers shift to local destinations.
Executive director Proudputh Liptapanlop said the Covid-19 pandemic helped put a spotlight on vacation homes in key tourist destinations a few hours drive from Bangkok.
“Thais are taking a second look at local destinations after learning travel overseas is extremely difficult until vaccines are available, which will likely take longer than a year,” she said.
People spending vacations in Hua Hin and Pattaya during the pandemic has helped promote resort homes in those destinations amongst Thais.
After the country relaxed restrictions in June, the average occupancy in Hua Hin hotels has improved.
InterContinental Hua Hin Resort saw a good occupancy on both weekends and weekdays from June-July. It reported 70% occupancy in July and 60% in August.
The momentum continued into September with full occupancy on weekends, said Ms Proudputh.