Showing 1 - 10 of 58
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).
Stagnant tourism hits Onyx revenue
Business, Molpasorn Shoowong, Published on 28/11/2025
» Onyx Hospitality reported flat revenue per available room (RevPar) in Thailand due to sluggish tourism, prompting the company to delay launching funding for its real estate investment trust (REIT) until next year.
US visitors to Thailand likely to increase this year
Business, Molpasorn Shoowong, Published on 28/10/2025
» Thailand expects nearly 1.2 million tourists from the US next year, continuing a record-breaking trend for the market, which has been boosted by more flights including the return of United Airlines to Bangkok after an 11-year absence.
Event to woo 100,000 Indians
Business, Molpasorn Shoowong, Published on 10/10/2025
» Indian tourism operators remain confident in Thailand as a top destination, with the country planning to host the "Grand Diwali Celebration" next week, aiming to draw at least 100,000 travellers, while annual arrivals are expected to reach a record high of 2.5 million.
Minister urged to up marketing spend to lure more visitors
Business, Molpasorn Shoowong, Published on 01/10/2025
» The Association of Thai Travel Agents (Atta) wants the new tourism and sports minister to increase funding for marketing, incentives and chartered flights so that Thailand can compete with neighbouring countries and attract at least 35.5 million foreign tourists.
Association upbeat on growth outlook for amusement parks
Business, Molpasorn Shoowong, Published on 11/07/2025
» Despite global economic uncertainties, the amusement park industry expects continued robust growth over the next few years, according to the International Association of Amusement Parks and Attractions (IAAPA).
Dasta head makes man-made infrastructure key priority
Business, Molpasorn Shoowong, Published on 20/06/2025
» The new head of the Designated Areas for Sustainable Tourism Administration (Dasta) has vowed to drive new man-made infrastructure, including the long-awaited Phu Kradueng cable car, as well as universal design facilities to elevate community-based tourism.
Earthquake hits Chiang Mai's room rates during Songkran
Business, Molpasorn Shoowong, Published on 18/04/2025
» Despite a robust performance during the Songkran holiday, hotels in Chiang Mai offered lower room rates than last year in a bid to draw last-minute domestic travellers, whose confidence was still shaken by last month's earthquake.
Trump tariffs imperil Samui boom
Business, Molpasorn Shoowong, Published on 08/04/2025
» The Tourism Authority of Thailand (TAT) is monitoring the US market for any potential impact from the new US tariff policy, while tourism operators in Samui fear the taxes could spoil the opportunity to reap profits from The White Lotus TV series due to weakened purchasing power.