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Search Result for “hotel industry earnings”

Showing 1 - 10 of 434

BUSINESS

Refund crisis as more flights are cancelled

Business, Molpasorn Shoowong, Published on 28/04/2026

» The Thai Travel Agents Association (TTAA) is urging the government to coordinate with airlines to provide refunds covering losses for tour operators due to flight cancellations, as they have already incurred costs for hotels and transport at destinations.

BUSINESS

What the Gulf conflict means for airlines

Business, Molpasorn Shoowong, Published on 25/04/2026

» The US-Iran conflict, which erupted two months ago, has triggered an oil price shock, sharp rises in the cost of living and widespread flight cancellations worldwide.

BUSINESS

Southern hotels wary of low season

Business, Molpasorn Shoowong, Published on 25/04/2026

» Hotel operators in the South are bracing for losses during the low season, mainly attributed to war in the Middle East causing sluggish demand and flight cancellations.

BUSINESS

Call for more state support for green tourism

Business, Molpasorn Shoowong, Published on 24/04/2026

» Southern tourism operators are calling for more government support and incentives for the green transition, as Phuket recently hosted an international sustainable tourism conference in a bid to create global recognition in this sector.

BUSINESS

Stimulus needed for regional tourism

Business, Molpasorn Shoowong, Published on 21/04/2026

» Regional tourism operators expect domestic tourism during this low season to perform worse than last year, due to higher living costs and debt levels, unless new stimulus measures are introduced to encourage travel and provide short-term debt relief.

BUSINESS

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.

BUSINESS

Thai tourism faces B40bn revenue collapse

Business, Molpasorn Shoowong, Published on 09/03/2026

» Thailand could lose more than 40 billion baht in tourism revenue in the worst-case scenario, assuming the Middle East airspace closure lasts for eight weeks, says the Tourism and Sports Ministry.

BUSINESS

Hostel association targets reform and growth

Business, Molpasorn Shoowong, Published on 09/03/2026

» The Hostel and Small Accommodation Association (Thailand) has urged the new government to continue pushing for a new accommodation act for small hotels, but strongly opposes allowing condo units to be registered as legal lodging.

BUSINESS

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).

BUSINESS

Thai AirAsia pins growth hopes on China, long-haul markets

Business, Molpasorn Shoowong, Published on 26/02/2026

» Thai AirAsia (TAA) is targeting 6-9% year-on-year revenue growth in 2026, supported by 23.5 million passengers and an 85% load factor, assuming an optimistic tourism outlook.