Showing 1 - 10 of 31
Asia Hotel upgrades to meet market challenges
Business, Narumon Kasemsuk, Published on 13/03/2025
» With five-star room rates in the city centre dramatically surging, the locally managed Asia Hotel Bangkok still relies on an affordable pricing strategy to maintain healthy occupancy amid intense competition.
The lowdown on long-stay visas
Business, Narumon Kasemsuk, Published on 01/03/2025
» Online debate over granting 60-day visa exemptions for tourists has intensified, fuelled by a string of incidents involving condos in Bangkok being illegally rented out on a daily basis, specifically targeting tourists.
AWC to sink B22bn into sector this year
Business, Narumon Kasemsuk, Published on 28/02/2025
» SET-listed Asset World Corp (AWC) is ramping up new investment to 22 billion baht in the hospitality sector this year to capture the rising tourism wave, starting with 8.7 billion baht to acquire the Le Concorde office and hotel on Ratchadaphisek Road.
Chiang Mai takes on air quality challenge
Business, Narumon Kasemsuk, Published on 30/01/2025
» As tourism operators in Chiang Mai brace for the smog season over the coming months, they hope the pollution will be less severe this year than in previous years.
Grande Asset's Hyatt sale sets record
Business, Narumon Kasemsuk, Published on 25/12/2024
» Though the tourism sector may fall short of the government's target for arrivals this year, despite recording more than 33 million arrivals in the first 11 months, the hospitality sector's performance has been ignited countrywide, especially in the gateway city of Bangkok.
Associations see minimal impact from rate cut
Business, Narumon Kasemsuk, Published on 01/11/2024
» Three property associations forecast a slim impact from the recent policy rate cut, as interest rates for mortgages were reduced by only 0.125%.
LHG reveals plan for riverside luxury hotel
Business, Narumon Kasemsuk, Published on 03/09/2024
» Langham Hospitality Group (LHG) is set to make a comeback in Thailand after a break of more than 12 years with a 6-billion-baht luxury hotel on the banks of the Chao Phraya River owned by Rabbit Holding, an affiliate of the BTS Group.
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.
Dusit has high hopes for residences
Business, Narumon Kasemsuk, Published on 14/12/2023
» Dusit expects to set a new price record for leasehold residences in Bangkok's central business district (CBD) with a 900-square-metre penthouse after selling 75% of its 406 total units.
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.