Showing 1 - 10 of 49
Green shoots in Phangnga
Business, Molpasorn Shoowong, Published on 24/10/2022
» Climate change and environmental sustainability have been hot global issues in recent decades.
Two airlines post losses, burdened by fuel prices
Business, Molpasorn Shoowong, Published on 17/11/2022
» Bangkok Airways Plc (BA) posted a net loss of 393 million baht in the third quarter, while Asia Aviation Plc (AAV), the major shareholder of Thai AirAsia (TAA), racked up a net loss of 4.1 billion baht as the two carriers were pressured by increasing costs driven by surging fuel prices.
Tourism operators urged to focus on spending
Business, Molpasorn Shoowong, Published on 24/11/2022
» The Natural Resources and Environment Ministry has urged the tourism industry to focus on spending per person instead of total arrivals to help preserve the environment, recommending policies such as capacity limits at tourist attractions.
Continued losses for regional airlines
Business, Molpasorn Shoowong, Published on 10/12/2022
» The global aviation industry is expected to finally end years of losses with a net profit of US$4.7 billion in 2023, but Asia-Pacific airlines will have to wait a lot longer for their balance sheets to recover, according to the International Air Transport Association (IATA).
Airline group pushes sustainability
Business, Molpasorn Shoowong, Published on 13/12/2022
» The International Air Transport Association (IATA) has called for more commitments to sustainable aviation fuel (SAF) from producers and airlines next year to help them hit net-zero targets, although Thai Airways has not yet agreed to purchase the fuel.
Operators predict Thailand to draw 20m visitors in 2023
Business, Molpasorn Shoowong, Published on 05/01/2023
» Thailand is expected to attract more than 20 million foreign arrivals this year after securing 11.8 million in 2022, according to the newly re-elected president of the Tourism Council of Thailand (TCT).
SHR sees revenue hitting B10bn this year
Business, Molpasorn Shoowong, Published on 15/03/2023
» SET-listed S Hotels & Resorts (SHR) is expecting 10 billion baht in revenue this year, a record high and an increase of 20% from last year.
Bangkok Airways expects profit for 2023
Business, Molpasorn Shoowong, Published on 23/03/2023
» Bangkok Airways expects its passenger rate to hit 70-80% of the pre-pandemic level this year, roughly 4.4 million people from more than 40,000 flights, and will possibly post an annual profit for the first time since 2019.
TAT upbeat on arrivals in low season
Business, Molpasorn Shoowong, Published on 25/05/2023
» The Tourism Authority of Thailand (TAT) expects Thailand to have received 10 million foreign tourists by the end of this month and to continue to have at least 2 million visitors per month despite the low season.
Minor Hotels unveils plans to expand amid tourism boom
Business, Molpasorn Shoowong, Published on 02/06/2023
» Minor Hotels plans to grow its portfolio to 600 properties in 59 countries with more than 91,000 rooms in 2025, driven by an optimistic outlook for the global tourism industry after Covid-19 infections eased.