Historically, Pattaya has been a hub for development and its most important areas are Wong Amat, Jomitien, Na Jomitien, and Phra Tamnak. In the past, a huge condominium market was developed. Coming straight to the time now, in 2018 Pattaya was listed as the 18th most-visited city in the world that attracted 8.67 million international travelers, based on the Mastercard Global Destination Cities Index 2018. This makes it one of the most powerful focal points for the Eastern Economic Corridor region.
This place has seen new developments to enhance short-term vacations and long-term relocation. Newly built hotels have reported exceptional performance with almost 80% occupancy rate. Also, a number of five-star hotels have been planned for construction alongside quality residential developments and new golf courses.
Tourist spots like Big Buddha Mountain and family activities like wineries are supplemented with modern attractions. Water parks, theme parks, and a growing selection of food and drink destinations will also be supported. If you have been thinking of investing these could be the areas.
Since the EEC has received and will continue to be receiving huge government investment as the industrial hub, tourism hub and commerce hub, businesses who are willing to invest or have invested get heavy incentives.
Additionally, Pattaya’s accessibility has increased immensely through its infrastructure projects; particularly the U-Tapao airport has developed a dedicated EEC air hub, welcoming international flights from the major markets like China, Britain, and Russia. Similarly, other ground transport developments are making the city more accessible. The new expressway developments are making driving more convenient as one can bypass the busy downtown regions of Pattaya. Furthermore, the high-speed rail link that connects U-tapao with two airports in Bangkok will streamline connectivity while developing seamless access through the Eastern Economic Corridor by 2023.
To sum up, the development of high-class transport infrastructure, Pattaya’s natural beauty, and industrial growth give it a high potential for growth.
