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GENERAL

Thailand preps for Korean arrivals

Business, Molpasorn Shoowong, Published on 29/08/2024

» Thailand is expecting an influx of South Korean tourists during the six-day Chuseok holiday next month, maintaining momentum as Korean visitors are expected to record a new high of 2 million this year.

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PROPERTY

Sansiri banking on Standard deal to drive profit

Business, Molpasorn Shoowong, Published on 28/08/2024

» Selling shares of US-based lifestyle hotel Standard International will drive net profit to reach a new high this year for SET-listed developer Sansiri.

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GENERAL

Complaints over illegal Chinese bus services

Business, Molpasorn Shoowong, Published on 26/08/2024

» Thai bus operators face intense competition from Chinese bus operators using nominees and offering lower prices, while more foreigners are illegally working as van drivers serving tourists, according to the Thai Transportation Operators Association.

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GENERAL

Tourism firms jittery over mpox impact

Business, Molpasorn Shoowong, Published on 23/08/2024

» Tourism operators have expressed concerns over mpox as the first suspected case of a more transmissible strain of the virus was detected in Thailand.

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GENERAL

Hoteliers oppose B280m package for online travel agents

Business, Molpasorn Shoowong, Published on 22/08/2024

» Thai hoteliers are opposed to the cabinet's approval of 280 million baht to support tourism packages provided by online travel agents (OTAs), fearing most of the income would flow out to foreign platforms, while local operators cannot reap benefits.

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GENERAL

Hilton to expand in SE Asia

Business, Molpasorn Shoowong, Published on 21/08/2024

» Thailand and Vietnam are crucial destinations for Hilton hotels in Southeast Asia, as the company plans to double its size in the region over five years based on robust tourism and growing economies.

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GENERAL

Thai Vietjet eyes 8m passengers in 2024

Business, Molpasorn Shoowong, Published on 19/08/2024

» Thai Vietjet targets nearly 8 million passengers this year as it improves its aircraft utilisation rate and adds flights to existing routes, with a plan to import new Boeing 737 Max jets on tap for next year.

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GENERAL

Neo Corporate eyes premium, export markets

Business, Molpasorn Shoowong, Published on 17/08/2024

» SET-listed Neo Corporate plans to focus on the premium market and exports for double-digit growth annually over the next five years, after registering revenue growth that beat the market average in all three categories of fast-moving consumer goods (FMCG) last year.

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GENERAL

Thai Lion Air beefs up fleet, adds routes

Business, Molpasorn Shoowong, Published on 16/08/2024

» Thai Lion Air is ramping up its fleet and returning to its routes as tourism demand grows, targeting 6-7 million passengers and a profit for the first time post-pandemic.

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PROPERTY

Pruksa slashes value of new developments by B2bn

Molpasorn Shoowong, Published on 16/08/2024

» SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse projects.