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Search Result for “acquisition deal”

Showing 1 - 10 of 32

BUSINESS

Report: Thai hotel rates increased 3% in 2025

Business, Narumon Kasemsuk, Published on 12/02/2026

» The average daily rate for hotels in Thailand surged by 3% last year to 4,984 baht and they recorded a longer average length of stay, with Booking.com, Agoda, and direct hotel bookings generating the most revenue, according to SiteMinder.

BUSINESS

AWC to sink B22bn into sector this year

Business, Narumon Kasemsuk, Published on 28/02/2025

» SET-listed Asset World Corp (AWC) is ramping up new investment to 22 billion baht in the hospitality sector this year to capture the rising tourism wave, starting with 8.7 billion baht to acquire the Le Concorde office and hotel on Ratchadaphisek Road.

LIFE

Lisa Blackpink to play New Year's concert in Bangkok

Narumon Kasemsuk, Published on 21/10/2024

» Lalisa “Lisa” Manoban, a world-renowned Thai artist, has been confirmed to perform at the Amazing Thailand Countdown 2025 in Bangkok, according to Tourism and Sports Minister Sorawong Thienthong.

BUSINESS

Unpacking the foreign pilot row

Business, Narumon Kasemsuk, Published on 26/09/2024

» The Thai aviation industry has recently been overwhelmed by discussions concerning a proposed changing of the rules to allow foreign pilots to fly domestic routes, which is surprising given that this type of work at present is protected for Thai nationals.

BUSINESS

TAT to assist tourists stranded by FTI

Business, Narumon Kasemsuk, Published on 14/06/2024

» The Tourism Authority of Thailand (TAT) has pledged to help stranded tourists affected by the bankruptcy of major German tour operator FTI Group, while continuing to work with government officials to ensure hotels receive payments from the company.

BUSINESS

Tourism revenue to miss state target by B500bn

Business, Narumon Kasemsuk, Published on 06/06/2024

» The most realistic scenario for Thai tourism revenue this year is 3 trillion baht, missing the government goal of 3.5 trillion baht, as many target markets have been hit by an economic downturn, according to the Tourism Authority of Thailand (TAT).

BUSINESS

High airfares hamper tourism arrivals

Business, Narumon Kasemsuk, Published on 17/05/2024

» Expensive airfares remain a critical challenge for the tourism sector during the low season, as geopolitical conflicts affect fuel costs and flight capacity has yet to fully resume.

BUSINESS

AirAsia looks outside Asean after divestment

Business, Narumon Kasemsuk, Published on 27/04/2024

» AirAsia wants to extend beyond Southeast Asia by offering aviation consulting and planning, separating aviation from non-aviation ventures.

BUSINESS

Call for tourism buffer zone

Business, Narumon Kasemsuk, Published on 24/04/2024

» Tourism operators in Rayong have called for buffer zones to clearly separate industrial areas from tourism areas as the chemical warehouse explosion in the province this week could have a negative impact similar to two previous oil leaks.

BUSINESS

AirAsia touts Bangkok hub to Srettha

Business, Narumon Kasemsuk, Published on 11/01/2024

» In talks with Prime Minister Srettha Thavisin, AirAsia insists it plans to make Bangkok an aviation hub similar to Dubai, while calling on the government to cut the excise tax as Thailand remains one of the few countries that still has this expense.