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Search Result for “parent firm”

Showing 1 - 10 of 27

BUSINESS

Tour firm seeks to restore China market

Business, Narumon Kasemsuk, Published on 11/06/2025

» With Chinese arrivals plummeting by 32.7% in the first five months, a major Chinese travel agency has proposed strategies to weather the crisis of confidence in Thailand and China's economic slowdown, while emphasising that casinos may not be the right solution to restore this market.

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

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

LHG reveals plan for riverside luxury hotel

Business, Narumon Kasemsuk, Published on 03/09/2024

» Langham Hospitality Group (LHG) is set to make a comeback in Thailand after a break of more than 12 years with a 6-billion-baht luxury hotel on the banks of the Chao Phraya River owned by Rabbit Holding, an affiliate of the BTS Group.

BUSINESS

FTI losses rise to B170m among Thai hotels

Business, Narumon Kasemsuk, Published on 20/08/2024

» Combined losses from the collapse of the German tour firm FTI Group among Thai hotels has surged to 170 million baht, up from 111 million baht gathered from a preliminary survey made in June.

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

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.

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.

BUSINESS

Elite Card price to be increased by 50%

Business, Narumon Kasemsuk, Published on 31/08/2023

» Thailand Elite Card is preparing to raise its minimum membership price by 50% to 900,000 baht, from 600,000 baht, as the company attempts to ramp up annual revenue to 8 billion baht, according to Thailand Privilege Card Co (TPC), the operator of the card.

BUSINESS

Nok Air veteran to launch new carrier

Business, Narumon Kasemsuk, Published on 23/03/2023

» Amidst the Thai tourism recovery, airline veteran Patee Sarasin is setting up a new long-haul carrier with venture capital, starting with four wide-body aircraft and a goal of 70% foreign passengers.