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Showing 1-7 of 7 results
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Organiser upbeat on growing expenditure
Business, Molpasorn Shoowong, Published on 24/01/2024
» Growing expenditure at food and packaging trade shows signifies a recovering economy and positive momentum for business tourism this year, with Thailand remaining a popular destination for the Mice (meetings, incentives, conventions and exhibitions) segment, according to trade show organiser Informa Markets Thailand.
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Thai hotel investments accelerate
Molpasorn Shoowong, Published on 16/01/2024
» Hotel investment in Thailand is ramping up at the same rate as prior to the pandemic, driven by more hotel conversions and an increase in lending among banks, based on an optimistic tourism industry, according to hospitality consultant C9 Hotelworks.
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Increased hotel conversions predicted
Business, Molpasorn Shoowong, Published on 02/11/2023
» The hospitality industry expects more hotel conversions following the pandemic as they offer better performance with fewer new hotels in the pipeline, attributed to stricter lending guidelines from financial institutions, says international chain Accor.
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Cathay Pacific banks on Southeast Asia
Business, Molpasorn Shoowong, Published on 01/08/2023
» Cathay Pacific is optimistic about growth in Southeast Asia, particularly with regard to Bangkok -- one of its best performing routes.
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Smaller hotels struggling to cope with increasing costs
Business, Molpasorn Shoowong, Published on 03/08/2023
» Despite the upcoming lower power tariff, midscale and small hotels are still facing a surge in expenses due to high interest rates, while their rate of revenue growth lags behind those of five-star properties.
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Songkhla project set to generate B100bn
Business, Molpasorn Shoowong, Published on 21/03/2023
» The Tourism and Sports Ministry expects investment in the Songkhla Lake Basin under the Designated Areas for Sustainable Tourism Administration (Dasta) to generate more than 100 billion baht in revenue for local communities over 10 years.
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TAT to monitor tourism impact of SVB
Business, Molpasorn Shoowong, Published on 16/03/2023
» Economic concerns stemming from the collapse of Silicon Valley Bank (SVB) will not affect long-haul visitors to Thailand in the short term as pent-up demand should support the market, but officials plan to monitor the long-term impact, according to the Tourism Authority of Thailand (TAT).
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