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Search Result for “property”

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GENERAL

MGM Resorts urges 'competitive' casino tax

Business, Molpasorn Shoowong, Published on 21/05/2025

» Thailand should have a casino tax rate that is competitive with Singapore and a substantial number of locals should be allowed to visit casino complexes, rather than solely serving foreign tourists in order to stimulate tourism and economic growth, says integrated resorts operator MGM Resorts International.

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GENERAL

'White Lotus' boon yet to materialise

Business, Molpasorn Shoowong, Published on 10/05/2025

» Hotels in the South have yet to feel any impact from the White Lotus HBO series filmed in Thailand, as the volatile global economy and safety concerns regarding the country have affected prospective tourists' decision-making.

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GENERAL

US film tariff not seen as big threat to Thailand

Molpasorn Shoowong, Published on 07/05/2025

» A threat by US President Donald Trump to impose tariffs of up to 100% on films produced outside the United States is unlikely to affect foreign film shoots in Thailand in the short term, as most productions have already been planned, according to the Tourism Department.

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PROPERTY

Illegal condo rentals continue in Bangkok

Molpasorn Shoowong, Published on 29/04/2025

» Despite authorities' efforts to crack down on illegal daily rentals in condos, major tourism cities are continuing to see the practice persist, including a condo building in Bangkok's Sukhumvit 11 developed by a SET-listed company which has avoided an investigation by just changing its name.

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GENERAL

Phuket operators suggest infrastructure upgrade

Business, Molpasorn Shoowong, Published on 17/04/2025

» Phuket tourism operators submitted a white paper focusing on the Cherngtalay area to the Phuket governor last month, asking for infrastructure improvement to accommodate rising demand in the tourism and property markets.

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GENERAL

Upheaval leads to slower bookings, cancellation queries

Business, Molpasorn Shoowong, Published on 01/04/2025

» Friday's earthquake has struck the Thai tourism industry, leading to slow bookings for the upcoming Songkran holiday, while airlines have started receiving inquiries for refunds and cancellations.

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PROPERTY

Minor Hotels to add 2 new brands to portfolio

Business, Molpasorn Shoowong, Published on 26/03/2025

» Minor Hotels is planning to add at least two new brands to its portfolio this year, while upgrading the new master brand identity for the group.

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.

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GENERAL

Centara to invest B15bn in hotels

Business, Molpasorn Shoowong, Published on 01/03/2025

» Centara Hotels & Resorts (CHR) plans to invest 15 billion baht in hotels over the next three years, while targeting revenue of 15.5 billion baht in 2025.

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GENERAL

Centre Point Group to upgrade four hotels

Business, Molpasorn Shoowong, Published on 21/02/2025

» Centre Point Group, a hospitality subsidiary of SET-listed developer Quality Houses, plans to upgrade its four hotels in Bangkok to the premium segment within three years.