Showing 1 - 10 of 17
Gloomy outlook for Michelin-listed eateries
Business, Molpasorn Shoowong, Published on 16/04/2026
» Michelin-listed restaurant operators expect a gloomy outlook for the dining business this year, hampered by sluggish spending and surging energy costs.
Centara targets 15% revenue growth
Business, Molpasorn Shoowong, Published on 27/11/2025
» Despite a tourism contraction nationwide, Centara Hotels & Resorts (CHR) still expects a 5% year-on-year increase in revenue per available room (RevPar) in 2025, driven by the high season and strong arrivals from European and Indian markets.
Tourism slump hurts Bangkok restaurants
Molpasorn Shoowong, Published on 27/05/2025
» Weak domestic spending and sluggish foreign tourism, particularly from the Chinese market, have caused restaurant revenue on Bangkok’s popular Banthat Thong Road to dip by 40-50%, according to the Bantadthong Association.
Chinese-owned restaurants gain ground in Thailand
Molpasorn Shoowong, Published on 25/04/2025
» Thai restaurants are facing greater competition from Chinese-owned restaurants using imported ingredients and serving Chinese tourists, says the chef and owner of Thailand’s first Michelin three-star restaurant.
Getting visitors to open wallets
Business, Molpasorn Shoowong, Published on 16/12/2024
» Tourism plays a crucial role in Thailand's economy, contributing greatly to the country's GDP. In a bid to stimulate post-pandemic expenditure, the government is gearing up to attract more luxury and high-spending travellers.
Tourists' Visa spending surges 90%
Business, Molpasorn Shoowong, Published on 30/10/2024
» Inbound tourists' spending on Visa credit cards this year is expected to be 90% higher than the 2019 level, a higher rate than that of Thai travellers overseas, who were hampered by a sluggish economy.
Hyatt aiming to capitalise on health and wellness food trend
Business, Molpasorn Shoowong, Published on 11/10/2024
» Hyatt Hotels and Resorts is tapping into health and wellness food, aiming to capitalise on growth in this industry, which is expected to double within five years in Asia-Pacific.
Thailand promotes sustainable city exploration on foot
Business, Molpasorn Shoowong, Published on 29/07/2024
» Tourism is a service sector driven by people's proclivity to travel and their consumption habits while travelling. Strolling through a town or city to explore the local attractions and features has become a popular activity among tourists seeking to gain in-depth knowledge about local neighbourhoods.
AWC allots B10bn for Phenix
Business, Molpasorn Shoowong, Published on 17/06/2024
» SET-listed Asset World Corp (AWC) has launched Phenix, a 10-billion-baht wholesale and retail food centre, to capture consistent demand in the tourism and food segments.
Thais skimp on dining during trips
Business, Molpasorn Shoowong, Published on 01/05/2024
» Outbound travellers are saving on dining, spending a lot more on shopping and luxury products during their trips, with Japan and China the top destinations during the Songkran holiday, according to YouTrip, a multi-currency digital wallet.