Showing 1-10 of 20 results
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Centel targets ambitious revenue increase
Business, Molpasorn Shoowong, Published on 14/03/2024
» Central Plaza Hotel (Centel) has allocated capital expenditure of 13-20 billion baht for the next three years, in a bid to double the revenue of its food and hotel business by 2029.
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AWC banking on high-spending tourists
Business, Molpasorn Shoowong, Published on 01/03/2024
» SET-listed Asset World Corp (AWC) remains bullish on high-spending tourists and plans to invest in several projects valued at 36 billion baht this year.
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Europeans drive up room rates in the South
Business, Molpasorn Shoowong, Published on 22/02/2024
» Longer stays from European guests helped drive room revenue in the first quarter in southern provinces, as room rates set a new record despite a small number of Chinese tourists.
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BWH Hotels looks to Asia-Pacific
Business, Molpasorn Shoowong, Published on 07/02/2024
» BWH Hotels, the operator of Best Western Hotels and Resorts, will focus on intraregional guests for its properties in Asia and Thailand this year, as ongoing geopolitical tensions have hampered long-haul travel, while targeting 16-20 new hotels in the region.
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AWC adds value in bid to woo tenants
Business, Molpasorn Shoowong, Published on 19/12/2023
» Amid sluggish demand for commercial real estate, developers are having to invest greater sums in co-living programmes to provide an enhanced quality of life for office workers in a bid to attract new tenants, according to SET-listed Asset World Corp (AWC).
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Wellness sector to survive global woes
Business, Molpasorn Shoowong, Published on 22/11/2023
» The global economic slowdown and geopolitical conflicts will not affect high-spending guests in Thailand's wellness sector, according to MSpa International, a spa and wellness arm of Minor Hotels.
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Krabi tourism struggles with flight shortage
Business, Molpasorn Shoowong, Published on 16/11/2023
» Luxury tourists are travelling less but spending more money, while Krabi tourism is struggling with a shortage of international flights, particularly from China, according to Pimalai Resort and Spa, a hotelier operating on Koh Lanta.
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Hotels face staff shortages
Business, Molpasorn Shoowong, Published on 14/10/2023
» Hospitality businesses in popular destinations are dealing with staff shortages, according to Amora Hotels & Resorts, which operates hotels in Thailand and Australia.
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AWC posts solid bookings, room rates
Business, Molpasorn Shoowong, Published on 12/10/2023
» SET-listed Asset World Corp (AWC) reported solid bookings and the best daily room and occupancy rates since listing on the stock market, while the Tourism Authority of Thailand (TAT) expects at least 4 million Chinese arrivals this year.
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Narai to double portfolio in Asia-Pacific
Business, Molpasorn Shoowong, Published on 27/09/2023
» Narai Hospitality Group wants to double its portfolio to at least 26 hotels in Asia-Pacific within 3-5 years, with a diversified scale from budget to luxury driven by robust travel demand.
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