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Search Result for “investors”

Showing 1 - 10 of 29

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GENERAL

Hotel margins dented by rising costs

Business, Narumon Kasemsuk, Published on 03/02/2024

» The end of reductions for property tax and elevated energy prices this year have pushed up operating costs for hotels by at least 10%, leading to lower margins even as they service more guests.

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GENERAL

Resistance to longer opening hours

Business, Narumon Kasemsuk, Published on 28/11/2023

» Pattaya's tourism operators are against the proposal to extend the opening time of entertainment venues until 4am to include establishments located on the beachfront road as it would cause more trouble with residents in the neighbourhood and potentially further deteriorate the area's reputation in relation to the sex industry.

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GENERAL

Tourism operators tepid on casino scheme

Business, Narumon Kasemsuk, Published on 28/10/2023

» Tourism operators are not opposed to legalising casino complexes here, but are concerned the benefits might be concentrated among certain interest groups.

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GENERAL

Controversy highlights room rate issue

Business, Narumon Kasemsuk, Published on 21/09/2023

» The furore surrounding costly hotel rates for a study trip taken by a group of Thai MPs to Singapore has shed light on the low average daily rate (ADR) of hotels in Thailand, which fares poorly compared with its regional peers, according to the Thai Hotels Association (THA).

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BUSINESS

Mice returns to Asia after long absence

Business, Narumon Kasemsuk, Published on 06/06/2023

» With demand for on-site Mice (meetings, incentives, conferences and exhibitions) activities bouncing back after the pandemic, Asian nations are dusting off exhibition venues and ramping up marketing plans to welcome international visitors once again.

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BUSINESS

Nok Air veteran to launch new carrier

Business, Narumon Kasemsuk, Published on 23/03/2023

» Amidst the Thai tourism recovery, airline veteran Patee Sarasin is setting up a new long-haul carrier with venture capital, starting with four wide-body aircraft and a goal of 70% foreign passengers.

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BUSINESS

The lowdown on the high-end scheme

Business, Narumon Kasemsuk, Published on 01/02/2023

» The Thailand Elite Card is in the public spotlight again after Jirayu Huangsap, an MP from the Pheu Thai Party, said in parliament last week that shady Chinese business operators had become members of this privilege programme.

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BUSINESS

Elite Card sales to Chinese surge 185%

Business, Narumon Kasemsuk, Published on 05/11/2022

» Sales of Thailand Elite Cards to Chinese nationals have surged 185% this year, accounting for 35% of the programme's total membership of 20,844.

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BUSINESS

Covid policy delays return of Chinese

Business, Narumon Kasemsuk, Published on 19/10/2022

» Even with relaxed rules for foreign-invested travel agencies in some provinces and municipalities in China to conduct outbound tourism, the continuation of the zero-Covid policy means tour operators in Thailand might have to wait until the end of next year for the return of this market.

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BUSINESS

Landlords jittery over seizure risk

Business, Narumon Kasemsuk, Published on 23/08/2022

» Landlords in the hotel sector have raised concerns about the government's policy to confiscate vacant land which has not been utilised for 10 years as there are no proper schemes or environment-related laws from state authorities to help develop the land for public benefit.