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PROPERTY

CPN eyes 20% growth for residential unit

Business, Molpasorn Shoowong, Published on 28/06/2024

» SET-listed Central Pattana (CPN) is targeting 20% annual growth for its residential property business in the coming years, while aiming for 7 billion baht in revenue in 2024 via the high-spending domestic segment in the provinces.

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GENERAL

TAT upgrades 2024 target for Indian market to 2.3-2.4m

Business, Molpasorn Shoowong, Published on 27/06/2024

» The Tourism Authority of Thailand (TAT) has revised the target for the Indian market up to 2.3-2.4 million this year, mainly driven by the visa-free policy.

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GENERAL

Rising costs hitting Asia-Pacific business travel

Business, Molpasorn Shoowong, Published on 26/06/2024

» Rising travel costs as well as economic and geopolitical concerns have been affecting business travel from Asia-Pacific, while companies are investing more in digitalisation to help manage their travel budget, according to Visa.

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GENERAL

Visa says rising costs hitting Asia-Pacific business travel

Business, Molpasorn Shoowong, Published on 26/06/2024

» Rising travel costs as well as economic and geopolitical concerns have been affecting business travel from Asia-Pacific, while companies are investing more in digitalisation to help manage their travel budget, according to Visa.

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GENERAL

AWC to open rooftop Nobu restaurant

Business, Molpasorn Shoowong, Published on 24/06/2024

» SET-listed Asset World Corp (AWC) is banking on high-spending customers to support its restaurant businesses in Thailand after it invested more than 600 million baht to open the rooftop Nobu Bangkok.

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GENERAL

Airline profits stay stagnant in Asia-Pacific

Business, Molpasorn Shoowong, Published on 21/06/2024

» Asia-Pacific is forecast to have the second-lowest aviation profit per region at US$1.2 per passenger this year, mainly attributed to sluggish growth in China and supply chain disruption, according to the International Air Transport Association (IATA).

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GENERAL

Unwelcome rebirth of zero-dollar tours

Business, Molpasorn Shoowong, Published on 19/06/2024

» The scourge of zero-dollar tours has returned with even lower prices, targeting inbound tourists from China, Russia and India.

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GENERAL

Full belly, happy traveller

Business, Molpasorn Shoowong, Published on 17/06/2024

» From jasmine rice to Pad Thai noodles and spicy tom yum soups, Thailand is renowned for its robust agricultural and food products, making it a major exporter worldwide.

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GENERAL

AWC allots B10bn for Phenix

Business, Molpasorn Shoowong, Published on 17/06/2024

» SET-listed Asset World Corp (AWC) has launched Phenix, a 10-billion-baht wholesale and retail food centre, to capture consistent demand in the tourism and food segments.

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GENERAL

Steps touted to thin out crowds

Business, Molpasorn Shoowong, Published on 14/06/2024

» Easing overtourism requires proper management and cooperation with local communities, according to the World Travel and Tourism Council (WTTC), which suggests Thailand disperse tourists to new destinations through infrastructure development.