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Search Result for “interest rate”

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BUSINESS

TAT optimistic about reaching long-haul market target

Business, Narumon Kasemsuk, Published on 13/04/2023

» Stronger air traffic in the summer, with a projection of more than 98,000 flights, should help each long-haul market to exceed 1 million visitors by the end of this year, according to the Tourism Authority of Thailand (TAT).

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BUSINESS

Chiang Mai frets, holding its breath

Business, Narumon Kasemsuk, Published on 15/03/2023

» Chiang Mai tourism operators are anxious, hoping the province's unsafe levels of PM2.5 air particle pollution subsides later this month as the Songkran holiday draws near.

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BUSINESS

Weaker baht hits travel

Business, Narumon Kasemsuk, Published on 27/09/2022

» Outbound Thai travel is expected to stay subdued as a result of the weak baht, poor purchasing power and cryptocurrency losses, despite the reopening of Japan and Taiwan.

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BUSINESS

TCT says local industry lagging

Business, Narumon Kasemsuk, Published on 17/08/2022

» Thai tourism is lagging behind neighbouring countries in terms of tourism development and practical solutions to cushion the impact of the prolonged Covid-19 pandemic, geopolitical tensions and economic setbacks, according to the Tourism Council of Thailand (TCT).

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BUSINESS

Tourism operators fret over policy rate hike

Business, Narumon Kasemsuk, Published on 16/08/2022

» Domestic tourism operators are concerned about the hike in the policy rate by the Bank of Thailand as banks may apply the new rate in the near future which could heavily dampen tourism outlook this year.

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BUSINESS

Global economy to hit Thai tourism

Business, Narumon Kasemsuk, Published on 19/07/2022

» The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.

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BUSINESS

New land appraisal rules rile hoteliers

Business, Narumon Kasemsuk, Published on 02/07/2022

» Hotels are crying foul over the new land appraisal rules the Treasury Department is set to apply for the land and building tax from next year, saying the decision could deeply hurt the hospitality sector.

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BUSINESS

Airlines nearing brink of collapse

Business, Narumon Kasemsuk, Published on 22/07/2021

» Over 20,000 employees from seven airlines are on the verge of losing their jobs if the ban imposed on domestic flights is prolonged to three months without help from the long-awaited 5-billion-baht soft loan from the government, according to the Airlines Association of Thailand (AAT).