Airports serving Southeast Asia’s best-known resort areas are now undergoing massive upgrades and some destinations are building completely new airports and officials in these locations hope that this direct access will increase tourism and reinvigorate real estate activity.
Godofredo P. Ramos Airport will extend its runway by 1,800 meters in order to accommodate Airbus and Boeing single-aisle jets. The airport serves the popular tourist hub of Boracay Island in the Philippines. The renovations will allow the airport to accept nighttime arrivals for the first time and is just one of many infrastructure improvements currently being undertook in the region.
Many foreign visitors to Boracay Island currently arrive at Kalibo International Airport which is much further away. At the moment, Godofredo P. Ramos Airport only has the capacity to handle landings from turbo-prop planes limiting the number of airlines capable of landing here. Another issue is the fact tourists arriving at must ride a jetty to reach the island from the airport.
Across the South China Sea, the Vietnamese government chose property developer Sun Group to build a new airport that will serve Ha Long Bay. The Quang Ninh Airport (pictured) will cost USD331 million to build and will accommodate four medium to large aircraft. The government expects two million passengers a year to take advantage of the Quang Ninh Airport when it opens in 2017.
Experts are predicting that these developments will speed up the completion of resort properties as demand will likely rise. This will lead to land prices increasing and in turn drawing more internationally branded properties to these areas.
“Raising airlift capacity can broadly stimulate not only tourism and hotels but had a halo effect for real estate, yachting and a far broader economic footprint,” Bill Barnett, managing director of hospitality consultancy C9 Hotelworks, pointed out.
Aviation expansions have been paying off recently for a number of ASEAN destinations. High-profile projects in Indonesia have popped up around the Komodo National Park after the opening of a new terminal at the nearest airport in Labuan Bajo was completed in 2015. These projects include Sudamala Resort and Le Pirate Beach Club.
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