Property spending boosted by travel revival

The walking street in the Old Town area in central Phuket is clogged with visitors on Sundays. (Photo: Achadthaya Chuenniran)

Thailand's strong tourism recovery had a positive impact on housing demand and property renovation at major tourist destinations in the first quarter of 2023, according to home and construction material distributors and residential developers.

Weerapun Ungsumalee, managing director of Home Product Center Plc, the operator of home decoration and improvement store HomePro, said the company's revenue growth in the first quarter was driven by the recovery of the tourism industry.