It’s worth noting that Phuket is an established name in the yachting world. Since the island is a selected stopover on the global yacht routes, sailors who circumnavigate the globe have become impressed with its unrivalled natural beauty, thus spreading its reputation. Granted, the modern world’s faster and more economical commercial routes have diminished Phuket’s significance as a sea trading post but for modern seafarers whose nautical appetites are not commercially motivated, the island is had and shoulders above other destinations within the region.

The significance of Phuket within the high life of the yachting industry is clearly represented by the annual International Phuket King’s Cup Regatta, which is one of the international yachting circuit’s most prestigious events. First launched in 1987, it became a major attraction almost overnight.

There are currently three marinas on the island with a total capacity of 520 berths, namely, Boat Lagoon, Royal Phuket Marina and Yacht Heaven. The marinas also attract other businesses and services that normally come with the exclusive sport, including housing projects, transportation and retail business.

What really underlies Phuket’s economic status is the fact that, unlike other tourist destinations in Thailand, the visitors especially those in the yachting community are higher end. When your clientele arrives on vessels worth millions of dollars, demand for better class goods and services flows proportionately. This demand for quality has found its way into the high end luxury property sector in Phuket with luxury villas in particular being attractive to this type of clientele.

It may not be close to French’s Saint-Tropez yet, but who knows? Consider the economic outlook in Europe and, given the gap may narrow faster than some folks think.