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Search Result for “plunge”

Showing 1 - 10 of 10

BUSINESS

Tourism still a stalled engine

Business, Molpasorn Shoowong, Published on 29/12/2025

» In 2025, the Thai tourism industry faced its first contraction since the pandemic, with several setbacks consistently hampering tourist confidence.

BUSINESS

Tourism Authority of Thailand expects drop in New Year revenue

Business, Molpasorn Shoowong, Published on 26/12/2025

» Tourism receipts during the New Year holiday are expected to plunge by 2-9% year-on-year due to the border conflict and flooding in the South, while outbound travel remains strong, supported by the strength of the local currency.

BUSINESS

Bureau seeks B175m to revive Mice sector in South

Business, Molpasorn Shoowong, Published on 05/12/2025

» The Thailand Convention and Exhibition Bureau (TCEB) has asked the cabinet to allocate 175 million baht to revive the Mice (meetings, incentives, conventions and exhibitions) sector in flood-affected southern Thailand.

BUSINESS

New TCEB head aiming for 5% annual growth

Business, Molpasorn Shoowong, Published on 10/09/2025

» The new president of the Thailand Convention and Exhibition Bureau (TCEB) has vowed to keep persistent annual growth at 5%, higher than the GDP for the Mice (meetings, incentives, conventions and exhibitions) segment over the next four years.

BUSINESS

Phuket tourism trade jittery over instability

Business, Molpasorn Shoowong, Published on 02/09/2025

» Political instability and persistent border issues continue to impact investor sentiment, making Thailand lose its competitiveness due to delayed infrastructure development and tourism stimulus, according to Phuket tourism operators.

BUSINESS

Travellers get cold feet over skirmishes

Business, Molpasorn Shoowong, Published on 30/07/2025

» Despite the long holiday, operators in Chanthaburi and Nakhon Ratchasima reported a surge of room cancellations as tourists were concerned about the border dispute, including fears over Cambodia's PHL-03 rocket launcher, which has a range of up to 130 kilometres from the border.

BUSINESS

Chinese arrivals to dip below 5m

Business, Molpasorn Shoowong, Published on 26/07/2025

» Despite flight subsidies and incentive group stimulus, the number of Chinese tourist arrivals this year is expected to plunge below 5 million, significantly lower than the 6.7 million recorded last year, according to the Tourism Authority of Thailand (TAT).

BUSINESS

Hotel room rates plunge too low during low season

Business, Molpasorn Shoowong, Published on 06/09/2024

» Hotels in leisure destinations such as Phuket, Krabi and Pattaya  tended to slash room rates too low during the low season when the average occupancy has sharply dropped, says hospitality market analyst STR.

BUSINESS

Phuket tourism set to take a bigger hit

Business, Molpasorn Shoowong, Published on 09/05/2023

» Foreign arrivals to Phuket may plunge to a lower than expected level during the upcoming low season, due largely to the slowdown of the Chinese market and the bankruptcy of an Indian airline.

BUSINESS

Tourism prospects hang in the balance

Business, Molpasorn Shoowong, Published on 26/09/2022

» The weak baht could benefit the tourism industry as foreign purchasing power gains value, though it might not be enough to offset high airfares, according to the Thai Hotels Association (THA).