Showing 1 - 10 of 37
Mideast conflict a major roadblock for long-haul markets
Business, Molpasorn Shoowong, Published on 05/03/2026
» As the conflict in the Middle East weighs on global travel prices and travellers' pocketbooks, tourism operators project long-haul markets in 2026 will fall short of last year's 10 million arrivals.
Hoteliers’ lawsuit targets minimum wage
Molpasorn Shoowong, Published on 20/08/2025
» Members of the Thai Hotels Association (THA) voted on Wednesday to file a lawsuit against the national wage committee with the Administrative Court, arguing the 400-baht nationwide daily minimum wage violates the 1998 Labour Protection Act.
Onyx preps launch of REIT worth B6.5bn
Business, Molpasorn Shoowong, Published on 11/06/2025
» Onyx Hospitality Group is planning to launch its real estate investment trust (REIT), combining four properties worth 6.5 billion baht within this year, and aims to double its value to 15 billion baht within five years.
Thailand targets 8 million European tourists in 2025
Business, Molpasorn Shoowong, Published on 07/11/2024
» Thailand is targeting 8 million European tourists next year, contributing to a new high of 11 million long-haul visitors, as the Tourism and Sports Ministry pledges to expedite efforts with airlines and ambassadors for a full international flight resumption.
Confidence craters in tourism sector
Business, Molpasorn Shoowong, Published on 10/10/2024
» The tourism confidence index in the third quarter plunged year-on-year and remained below the benchmark, hampered by sluggish spending from factory closures, unemployment, rising non-performing loans and severe flooding in both Thailand and abroad, according to the Tourism Council of Thailand (TCT).
Phuket service charges stable
Business, Molpasorn Shoowong, Published on 03/09/2024
» The average income from service charges among hotels in Phuket is expected to stabilise, but would still maintain a high level in the upcoming high season, while the average room rate would continue to soar, according to the Phuket Hotels Association.
Operators vie with inflation, high interest rates
Business, Molpasorn Shoowong, Published on 27/05/2024
» Despite an upbeat projection for the Thai tourism industry, some businesses are struggling with high inflation and elevated interest rates, which require government action to remedy, according to Onyx Hospitality Group.
Accor puts focus on extended-stay market
Business, Molpasorn Shoowong, Published on 18/04/2024
» Thailand can expect stronger demand from long-stay travellers as more visitors blend leisure with business trips, while Accor said the country posted the strongest performance among neighbouring countries hosting its hotels in the region last year.
KCG seeks at least 10% revenue growth in 2024
Business, Molpasorn Shoowong, Published on 23/03/2024
» KCG Corporation, the manufacturer, importer and distributor of dairy and bakery products, is targeting at least 10% revenue growth this year.
Cortina Watch bullish on luxury watch market this year
Business, Molpasorn Shoowong, Published on 27/02/2024
» Cortina Watch, the leading retailer and distributor of luxury timepieces across Asia, is upbeat about the luxury watch market in Thailand, projecting 5-10% growth this year as it debuts its first standalone Patek Philippe Boutique in Bangkok.