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BUSINESS

B3.1bn injection keys Thai AirAsia rejig

Business, Narumon Kasemsuk, Published on 28/04/2021

» Asia Aviation (AAV), the largest shareholder of Thai AirAsia (TAA), is preparing to restructure its business after securing 3.15 billion baht from a new investor as it was unable to obtain a soft loan from the government.

BUSINESS

Phuket sandbox timeline to be reset

Business, Narumon Kasemsuk, Published on 17/04/2021

» The Tourism and Sports Ministry needs to reset the timeline for the Phuket sandbox because the province may not have enough vaccine doses following the new nationwide spread of the virus.

BUSINESS

New wave to dampen festival tourism

Business, Narumon Kasemsuk, Published on 10/04/2021

» The new Covid-19 outbreak is expected to cut tourism receipts by half during the Songkran festival after many provinces have voluntarily imposed a 14-day quarantine, while dozens of events have been cancelled or postponed, says the Tourism Authority of Thailand (TAT).

BUSINESS

Airlines nervous over Songkran

Business, Narumon Kasemsuk, Published on 09/04/2021

» Airlines are urging the government to shut down domestic travel during the Songkran holiday period to prevent a third wave of Covid-19, or else Thailand's tourism will risk losing more over the long run.

BUSINESS

State mulls free flights in sandbox

Business, Narumon Kasemsuk, Published on 02/04/2021

» The Tourism and Sports Ministry is considering offering free cross-provincial flights for foreign tourists after airline workers are approved for Covid-19 inoculation this week.

BUSINESS

Italthai preps recapitalisation plan for Thai hotels

Business, Narumon Kasemsuk, Published on 01/04/2021

» Italthai Group is preparing a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for five years.

BUSINESS

Asset warehousing appeals to hoteliers

Business, Narumon Kasemsuk, Published on 29/03/2021

» Most hotel owners want to enrol in the asset warehousing programme to mitigate the financial impact from the pandemic, which is worse this year than 2020, according to the Thai Hotels Association (THA).

BUSINESS

Candidates tout self-reliance

Business, Narumon Kasemsuk, Published on 22/03/2021

» Building up self-reliant financial schemes for the local tourism industry is a more sustainable method to help them survive the ongoing crisis and unexpected future events, according to two candidates running for president of the Association of Thai Travel Agents (Atta).

BUSINESS

Airlines still struggle thanks to competition

Business, Narumon Kasemsuk, Published on 18/03/2021

» Though more flights have been planned for the Songkran holiday next month, air traffic in Thailand remains unpredictable as airlines still face losses amid intense competition, according to Nok Air.

BUSINESS

Dusit urges emphasis on quality tours

Business, Narumon Kasemsuk, Published on 15/03/2021

» Thailand should not expect a return to 40 million foreign tourist arrivals in the post-pandemic period, instead focusing on elevating the quality of tourism and preserving revenue for the local industry, according to Dusit International.