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Search Result for “insolvency”

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BUSINESS

Hotels fret as another German firm goes kaput

Business, Narumon Kasemsuk, Published on 25/06/2024

» Another tour firm in Germany has filed for bankruptcy, but the impact should be minimal compared with the recent FTI insolvency, according to the Thai Hotels Association (THA).

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

Thai hotels hit by collapse of German firm

Narumon Kasemsuk, Published on 12/06/2024

» The collapse of the third-largest tour operator in Europe has started to affect thousands of tourists and hundreds of hotels in Thailand, leading to losses of 111 million baht.