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BUSINESS

Business jet demand soars in Asia

Business, Molpasorn Shoowong, Published on 30/03/2026

» Amid commercial flight disruptions caused by the Mideast war, business jet usage is booming in Thailand and Southeast Asia, with plane manufacturers marketing their latest models of long‑range aircraft to wealthy individuals seeking to expand their businesses internationally.

THAILAND

Pop star Lisa appointed ‘Amazing Thailand Ambassador’

Molpasorn Shoowong, Published on 15/10/2025

» The Tourism Authority of Thailand (TAT) announced on Wednesday that pop singer Lalisa “Lisa” Manobal has agreed to serve as “Amazing Thailand Ambassador” for the next 12 months.

BUSINESS

Chiang Mai tourism weathers the storm

Business, Molpasorn Shoowong, Published on 25/09/2025

» Typhoon Ragasa has yet to significantly affect tourism in Chiang Mai because it is still low season, with flash floods occurring only in certain areas for a short period, and operators in the area more concerned about the strong baht steering short-haul tourists towards Vietnam.

BUSINESS

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).

BUSINESS

Impact of tariff hikes on tourism likely to unfold next year

Business, Molpasorn Shoowong, Published on 10/07/2025

» Tourism operators view the US's tariff policy as indirectly hampering Thai tourism in the form of reduced spending, but this impact is not expected to unfold until next year, as many tourists have already booked trips for the upcoming high season.

BUSINESS

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.

BUSINESS

AWC’s 5-billion-baht Ritz-Carlton set to offer most expensive room rates

Molpasorn Shoowong, Published on 09/06/2025

» SET-listed Asset World Corp (AWC) has invested over 5 billion baht in developing the Ritz-Carlton Bangkok at the Lhong 1919 Riverside Heritage Destination in Bangkok, aiming to become the hotel offering the highest room rate in the city.

BUSINESS

Chinese-owned restaurants gain ground in Thailand

Molpasorn Shoowong, Published on 25/04/2025

» Thai restaurants are facing greater competition from Chinese-owned restaurants using imported ingredients and serving Chinese tourists, says the chef and owner of Thailand’s first Michelin three-star restaurant.

BUSINESS

Thais seen flocking to China

Business, Molpasorn Shoowong, Published on 11/04/2025

» Chinese travel agents have been heavily discounting unsold flight tickets to China to Thais, who are set to flock to the mainland during the Songkran holiday, in an effort to offset losses from the declining number of Chinese travellers bound for Thailand.

PROPERTY

Lan Kwai Fong joins Phuket deal

Business, Molpasorn Shoowong, Published on 12/03/2025

» Robust long-stay demand in Phuket has attracted Hong Kong's Lan Kwai Fong Group to invest in a project worth 4.5 billion baht via joint ventures with a local developer, while a legal consultant suggested Thailand amend the hotel laws to permit the renting out of condo units on a daily basis.