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Search Result for “downturn”

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BUSINESS

Domestic airfares continue to decrease

Business, Narumon Kasemsuk, Published on 04/12/2025

» Despite a dispute over expensive airfares to flood-stricken Hat Yai, average domestic ticket prices this year continued to decline, as low-cost carriers fled from underperforming Chinese routes to add domestic flights and avoid competition with state-backed Chinese airlines.

BUSINESS

Former tourism boss touts measures for 2026 comeback

Business, Narumon Kasemsuk, Published on 22/10/2025

» Despite a tourism downturn this year, Thailand should not lose its grip on promoting the markets next year, as the government should quickly fix perceptions concerning the lack of safety by revamping its image to resemble a trusted destination and by partnering with airlines to maintain seats and affordable airfares, in order to increase revenue by 8% to 1.63 trillion baht as targeted.

BUSINESS

Tourism revival goes into reverse

Business, Narumon Kasemsuk, Published on 21/07/2025

» Over the past three years, Thai tourism has been struggling to regain the peak it once reached prior to the pandemic, while neighbouring countries Malaysia and Vietnam have already surpassed their performance in 2019, recording 37 million and 17 million tourist arrivals, respectively.

BUSINESS

Domestic tourism subsidy faces delay

Narumon Kasemsuk, Published on 25/04/2025

» The Ministry of Tourism and Sports has assured hotel operators that the government will not cancel the 3.5-billion-baht subsidy scheme for domestic tourists during the low season, though the project will be delayed a month.

BUSINESS

AirAsia parent upbeat on prospects

Business, Narumon Kasemsuk, Published on 05/10/2024

» With airfares surging 30% post-pandemic, AirAsia Group says it will not hike its fares to maintain affordability for the mass market, while it seeks to add routes on other continents by utilising long-range single-aisle jets.

BUSINESS

State urged to boost Chinese market

Business, Narumon Kasemsuk, Published on 25/07/2024

» Tourism operators are urging the government to boost the Chinese market as Beijing continues to support domestic tourism, with some key cities even banning overseas chartered flights.

BUSINESS

Domestic tourism spending falls short of target

Business, Narumon Kasemsuk, Published on 28/06/2024

» Domestic tourism spending is expected to miss the government's ambitious target of 1.2 trillion baht as local tourists are concerned about the economy and high travel costs, according to the Tourism Authority of Thailand (TAT).

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

Tour agents bullish on Taiwan

Business, Narumon Kasemsuk, Published on 31/01/2024

» The Taiwanese inbound market this year is expected to hit a new high of 1 million tourists, assuming the Thai government extends its visa-free scheme until year-end, as the market is among the fastest growing post-pandemic.

BUSINESS

Thai AirAsia X considers operating Almaty flights next year

Business, Narumon Kasemsuk, Published on 20/12/2023

» Thai AirAsia X is considering a new route next year between Bangkok and Almaty, the largest city in Kazakhstan, capitalising on the robust growth in arrivals from that country this year, which has already exceeded the target thanks to Thailand's visa-free policy.