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GENERAL

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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GENERAL

Call for visa-free travel between India, Thailand

Business, Molpasorn Shoowong, Published on 27/02/2024

» Tourism operators have urged the government to discuss a long-term mutual visa-free scheme between Thailand and India, which is set to become the third-largest economy in 2027.

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GENERAL

Cortina Watch bullish on luxury watch market this year

Business, Molpasorn Shoowong, Published on 27/02/2024

» Cortina Watch, the leading retailer and distributor of luxury timepieces across Asia, is upbeat about the luxury watch market in Thailand, projecting 5-10% growth this year as it debuts its first standalone Patek Philippe Boutique in Bangkok.

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GENERAL

Pizza Company sees 15% sales growth

Business, Molpasorn Shoowong, Published on 23/02/2024

» Unfazed by the public's weakened purchasing power and the declining food delivery trend in the country, The Pizza Company is upbeat about achieving a 15% sales growth this year, largely thanks to its guaranteed 20-minute delivery service and strategic focus on attracting a younger customer base.

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GENERAL

Songkran travel prospects mediocre

Business, Molpasorn Shoowong, Published on 21/02/2024

» Outbound trips during the Songkran holiday will not be robust despite the extra day, attributed to costly airfares and concerns over deflation risk, while the 21-day "Water Festival" campaign is likely to attract more foreign tourists than the domestic market, according to travel agents.

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GENERAL

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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GENERAL

Operators want government to ease rule on alcohol sales

Business, Molpasorn Shoowong, Published on 20/02/2024

» The extension to the opening hours of entertainment venues and the liquor tax incentive has made less of a positive impact on tourism than expected, while operators urged the government to consider cancelling the limited hours available for the sale of alcoholic drinks.

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GENERAL

CRC unit sees tourism pacing growth

Business, Molpasorn Shoowong, Published on 17/02/2024

» Thailand's food industry should grow 2-3% in 2024, driven by inbound tourists nearing the level tallied in 2019, according to Central Food Wholesale.

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GENERAL

Ministry allocates B50m for tourist insurance scheme

Business, Molpasorn Shoowong, Published on 15/02/2024

» The Tourism and Sports Ministry has set aside a budget of 50 million baht to assist foreign tourists in case of death or accidents in fiscal 2024.

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GENERAL

Klook sees 2m bookings for Thai packages

Business, Molpasorn Shoowong, Published on 14/02/2024

» Online travel platform Klook expects at least 2 million bookings for tourism packages in Thailand this year, doubling growth from last year, as the country remains a top destination in Asia, particularly for tourists from China and the US.