Showing 1 - 10 of 2,278
Tourism stimulus 'likely a damp squib', says stock brokerage
Business, Nuntawun Polkuamdee, Published on 23/05/2025
» The recently approved tourism stimulus is unlikely to have a significant impact on the stagnant sector during the low season given the limited budget allocation, although aviation and hospitality stocks may benefit in the short term, says Daol Securities.
Army of Chinese travel agents en route to Thailand
Published on 22/05/2025
» Thailand’s tourism industry is preparing to welcome 500 Chinese travel agents and media members at the end of this month, hoping to revive a market that has plunged 32% compared with a year ago.
Bank of Thailand slashes tourism forecast
Somruedi Banchongduang, Published on 21/05/2025
» The Bank of Thailand has slashed its forecast for Chinese tourist arrivals this year by 2 million, or nearly 30%, reducing its projection for total foreign arrivals in 2025.
Trade talk and domestic politics drive sentiment
Business, Published on 20/05/2025
» Thai shares rebounded in line with global bourses last week, shortly before falling back closer to 1,200 points. Early in the week, the market was driven by euphoria over the prospects for a US-China trade deal. Washington cut tariffs on Chinese goods to 30% while China trimmed its rates to 10% for 90 days.
Index dips to lowest level since October 2024
Business, Lamonphet Apisitniran, Published on 20/05/2025
» The Thai Industries Sentiment Index (TISI) fell to 89.9 points in April, the lowest level since October 2024, due to a raft of factors ranging from US President Donald Trump's tariff policy to the Songkran holiday, said the Federation of Thai Industries (FTI).
NESDC slashes growth forecast to 1.8%
Published on 19/05/2025
» The state planning unit has slashed its economic growth forecast for this year to 1.8%, down from its earlier projection of 2.8% due to the impact of the global trade war.
Tourism reform call as foreign arrivals in Thailand plunge
Business, Narumon Kasemsuk, Published on 16/05/2025
» Thailand needs to urgently address the freefall in foreign arrivals, which is more pronounced this quarter among both leisure and corporate travellers, by reforming the sector and creating new destinations, according to a former head of the Tourism Authority of Thailand (TAT).
Thai hotels face double whammy from US tariffs
Business, Nareerat Wiriyapong, Published on 15/05/2025
» Thai hotels are likely to face secondary effects from the US reciprocal tariffs as slowing tourist arrivals may cause hoteliers to cut prices or introduce more aggressive campaigns at home, while their overseas operations cannot escape the impact of the global economic slowdown.
Tourism groups prepare proposals to offset crisis
Molpasorn Shoowong, Published on 14/05/2025
» The Federation of Thai Tourism Associations (Fetta) plans to submit a proposal to the prime minister in person this month, requesting a concrete plan to restore confidence and avoid a crisis.
Outlook seen dim for carriers until Q3
Business, Nareerat Wiriyapong, Published on 13/05/2025
» The outlook for the aviation industry has dimmed as international arrivals are expected to remain muted until the third quarter, with a significant slowdown from China the main culprit, say analysts.