Showing 131 - 140 of 417
CRC targets 9-11% revenue growth
Business, Molpasorn Shoowong, Published on 13/02/2024
» Central Retail Corporation (CRC) is targeting 9-11% revenue growth in 2024, mainly driven by improved tourism and consumption, while voicing concerns over an influx of cheap imported goods.
Minor uses asset-light strategy
Business, Molpasorn Shoowong, Published on 10/02/2024
» SET-listed Minor International projects its room rate to grow this year and targets 200-250 new hotels and 1,000 restaurants in three years.
Thai AirAsia to increase flights to Japan, China
Business, Molpasorn Shoowong, Published on 09/02/2024
» With visa-free travel to popular destinations such as Japan and China, Thai AirAsia is planning to ramp up flights to those countries to cater to strong demand, including offering a new route to Okinawa.
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.
Labour shortage putting pressure on hotel costs
Business, Molpasorn Shoowong, Published on 05/02/2024
» Labour shortages in the tourism sector have caused hotel expenses to increase at a higher rate than revenue growth, according to hospitality market analyst STR.
Ministry bullish on luring 35m foreign arrivals this year
Business, Molpasorn Shoowong, Published on 06/02/2024
» The Tourism and Sports Ministry is confident the country can attract 35 million foreign visitors this year after 3 million arrived in the first month, while tourism operators say expensive tour packages will not affect Chinese tourists from second-tier cities.
BLA targets B10bn in 1st-year premiums
Business, Molpasorn Shoowong, Published on 06/02/2024
» SET-listed Bangkok Life Assurance (BLA) is aiming to achieve first-year premiums of 10 billion baht by the end of 2026 by focusing on agent channels amid fierce competition in the industry.
CPN unveils Central in Nakhon Sawan
Business, Molpasorn Shoowong, Published on 01/02/2024
» Retail and property developer Central Pattana Plc (CPN) has launched Central Nakhon Sawan as a new northern hub with a mixed-use development model worth 5.8 billion baht, targeting daily foot traffic of more than 25,000, strengthened by domestic consumption.
Sector banking on Chinese New Year
Business, Molpasorn Shoowong, Published on 26/01/2024
» Chinese arrivals during the Lunar New Year holiday are expected to total 20,000 to 25,000 per day, according to the Association of Thai Travel Agents (Atta).
China market dents tourism income
Business, Molpasorn Shoowong, Published on 27/01/2024
» Slower growth of Thai tourism receipts in 2023 compared with Asian peers is attributed to the sluggish Chinese market, which flocked to other countries, as well as Thai hotels' inability to adjust their prices.