Showing 1 - 8 of 8
Centara targets 15% revenue growth
Business, Molpasorn Shoowong, Published on 27/11/2025
» Despite a tourism contraction nationwide, Centara Hotels & Resorts (CHR) still expects a 5% year-on-year increase in revenue per available room (RevPar) in 2025, driven by the high season and strong arrivals from European and Indian markets.
Centara to invest B15bn in hotels
Business, Molpasorn Shoowong, Published on 01/03/2025
» Centara Hotels & Resorts (CHR) plans to invest 15 billion baht in hotels over the next three years, while targeting revenue of 15.5 billion baht in 2025.
Centara sinks B1.4bn into revamp of Pattaya resort
Molpasorn Shoowong, Published on 07/02/2025
» Centara Hotels and Resorts (CHR) has invested 1.4 billion baht to revamp Centara Grand Mirage Beach Resort Pattaya to capture premium guests and families, as it wants to expand water park-themed hotels labelled "Mirage" to new destinations.
Korat hopes Unesco sites will spur visitor numbers
Business, Molpasorn Shoowong, Published on 02/01/2025
» A sluggish economy and disputes over the planned transformation of land in Wang Nam Khieo district led tourism in Nakhon Ratchasima to grow at a slower rate than expected in 2024, according to Jim Thompson Farm.
Rising expenses add to hotels' woes
Business, Molpasorn Shoowong, Published on 25/04/2024
» Hotel operators anticipate high expenses from power bills, food prices and labour wages as the low season arrives amid scorching temperatures.
Mice segment poised to slow down
Business, Molpasorn Shoowong, Published on 23/12/2023
» The Mice (meetings, incentives, conventions and exhibitions) industry this year is estimated to recover to 80% of the 2019 level in terms of revenue, but it may slow in 2024 as pent-up demand eases, according to the Thailand Incentive and Convention Association (Tica).
Little impact from weak forex on inbound tourism
Business, Molpasorn Shoowong, Published on 29/09/2022
» The global decline in currencies has not had a significant impact on Thailand's inbound market as the rates were comparable with a weakened baht, while those ready to travel are mostly high-income earners.
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).