Showing 1 - 10 of 23
Centara expands into budget hotels
Business, Molpasorn Shoowong, Published on 27/02/2026
» Centara Hotels & Resorts is targeting revenue growth of 15% this year, banking on a recovery in Thai tourism and diversified markets. The company will begin investing in the first phase of six budget hotels from 2026 to 2028 at petrol stations in partnership with PTT Oil and Retail Business (OR).
Minor Food mulls IPO in Hong Kong by end of 2026
Business, Molpasorn Shoowong, Published on 23/02/2026
» Minor Food, a subsidiary of SET-listed Minor International, is exploring an initial public offering (IPO) in Hong Kong by the end of the year, while its hotel arm, Minor Hotels, prepares to launch a US$1-billion real estate investment trust (REIT).
Call for action to boost weak travel industry
Business, Molpasorn Shoowong, Published on 28/08/2025
» Tourism operators and airlines are urging the government to restore border stability and improve confidence, as recent incidents have the potential to reduce the average occupancy rate in Thai hotels by more than 10% year-on-year.
Upheaval leads to slower bookings, cancellation queries
Business, Molpasorn Shoowong, Published on 01/04/2025
» Friday's earthquake has struck the Thai tourism industry, leading to slow bookings for the upcoming Songkran holiday, while airlines have started receiving inquiries for refunds and cancellations.
Tourism goes green
Molpasorn Shoowong, Published on 24/03/2025
» Tourism is not only a major driver of Thailand’s economy, but also an avenue to transform the country into a sustainable destination for locals and visitors.
Minor eyes huge hotel portfolio growth
Business, Molpasorn Shoowong, Published on 18/02/2025
» SET-listed Minor International is targeting capital expenditure of 10-12 billion baht a year to reach its goal of 1,000 hotels and 4,500 restaurants by 2029, while banking on a boost to Thai growth thanks to the filming of The White Lotus at its four resorts.
Tourism Authority of Thailand targets B3tn amid shift to rising markets
Business, Molpasorn Shoowong, Published on 22/01/2025
» The Tourism Authority of Thailand (TAT) is targeting 3 trillion baht in tourism revenue this year, while diversifying to address risk, shifting focus to rising markets such as Southeast Asia, India and Russia.
Green tax unlikely to impact Thai tourism
Business, Molpasorn Shoowong, Published on 05/11/2024
» The environmental charge on airfares adopted by many airlines in Europe should not affect long-haul markets as passengers are still willing to pay for necessary adjustments.
Trang operators unfazed by reports of pricey airfares
Business, Molpasorn Shoowong, Published on 29/10/2024
» Complaints regarding the price of airfares to Trang should not significantly affect tourism during the high season as prices have dropped to regular levels since the lifting of the travel restrictions imposed during the pandemic.
Wisdom launches high-end residential project in Chon Buri
Business, Molpasorn Shoowong, Published on 13/09/2024
» Wisdom Property Development has unveiled its first residential project worth 10 billion baht, targeting high-end buyers and international school parents, situated on a 1,400-rai area called Wisdom Valley owned by the Teepsuwan family in Chon Buri.