Showing 21 - 30 of 49
Hotel room rates plunge too low during low season
Business, Molpasorn Shoowong, Published on 06/09/2024
» Hotels in leisure destinations such as Phuket, Krabi and Pattaya tended to slash room rates too low during the low season when the average occupancy has sharply dropped, says hospitality market analyst STR.
Sansiri banking on Standard deal to drive profit
Business, Molpasorn Shoowong, Published on 28/08/2024
» Selling shares of US-based lifestyle hotel Standard International will drive net profit to reach a new high this year for SET-listed developer Sansiri.
Pruksa slashes value of new developments by B2bn
Molpasorn Shoowong, Published on 16/08/2024
» SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse projects.
TAT widens net in bid to capture more of the Chinese market
Business, Molpasorn Shoowong, Published on 01/08/2024
» With 8 million Chinese tourist arrivals projected for 2024, the Tourism Authority of Thailand (TAT) is diversifying its target to niche markets who still have plenty of purchasing power, including young travellers, small meeting groups, and caravan tours.
Illegal tour firms adopt new tactics
Business, Molpasorn Shoowong, Published on 13/07/2024
» More than a hundred tour operators are at risk of breaking the law for using nominees or a price-dumping strategy, while new fraudulent tactics offer cheap tours disguised as direct sales or multi-level marketing companies, according to Thailand's Tourism Department.
Thailand advised to integrate transport modes
Business, Molpasorn Shoowong, Published on 04/07/2024
» To achieve its goal of becoming an aviation hub by 2030, Thailand should encourage more robust domestic travel and integrate different modes of transport, according to Alton Aviation Consultancy.
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).
Low net margin hampers aviation industry
Business, Molpasorn Shoowong, Published on 05/06/2024
» DUBAI: Despite forecasts of record-high revenue of nearly US$1 trillion this year, the aviation industry is hampered by a low net margin as geopolitical and economic challenges continue to affect cost management and its net-zero target, says the International Air Transport Association (IATA).
New Thai airline focuses on the South
Business, Molpasorn Shoowong, Published on 04/06/2024
» A new airline founded by a Thai aircraft dealer and technology trading company plans to operate short domestic flights in the South, banking on high-spending local travellers.
Operators vie with inflation, high interest rates
Business, Molpasorn Shoowong, Published on 27/05/2024
» Despite an upbeat projection for the Thai tourism industry, some businesses are struggling with high inflation and elevated interest rates, which require government action to remedy, according to Onyx Hospitality Group.