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GENERAL

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.

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GENERAL

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).

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GENERAL

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.

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GENERAL

Organiser upbeat on growing expenditure

Business, Molpasorn Shoowong, Published on 24/01/2024

» Growing expenditure at food and packaging trade shows signifies a recovering economy and positive momentum for business tourism this year, with Thailand remaining a popular destination for the Mice (meetings, incentives, conventions and exhibitions) segment, according to trade show organiser Informa Markets Thailand.

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GENERAL

CFR upbeat on Chinese New Year spending

Business, Molpasorn Shoowong, Published on 23/01/2024

» Overall expenditure during Chinese New Year is expected to grow by at least 5-10% from the level recorded last year, driven by government incentives and promotional campaigns in the private sector, as Thais could spend up to 31% more than during the regular period, according to Central Food Retail (CFR), operator of Tops grocery stores.

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GENERAL

Faith travel remains evergreen

Business, Molpasorn Shoowong, Published on 22/01/2024

» In the aftermath of the pandemic, faith tourism has emerged as a trend as more people seek peace of mind and motivation.

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GENERAL

Go Wholesale expansion to continue

Business, Molpasorn Shoowong, Published on 20/01/2024

» Central Food Wholesale remains optimistic about the economy and domestic spending power, driven by a thriving tourism industry, as it plans to add seven Go Wholesale outlets in Bangkok and upcountry.

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GENERAL

Strategy to achieve tourism targets revealed

Business, Molpasorn Shoowong, Published on 18/01/2024

» The Tourism and Sports Ministry said the target of 3.5 trillion baht in revenue and 40 million foreign arrivals this year set by Prime Minister Srettha Thavisin remains a challenge, but it plans to drive spending and longer stays through soft power products, events and safety measures.

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GENERAL

TCEB eyes 23m Mice visitors

Business, Molpasorn Shoowong, Published on 18/01/2024

» The Thailand Convention and Exhibition Bureau (TCEB) is targeting at least 23.1 million Mice (meetings, incentives, conferences and exhibitions) visitors in its fiscal 2024, generating 136 billion baht or 75% of the level recorded in 2019.

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GENERAL

Hotels not keen on e-receipt system

Business, Molpasorn Shoowong, Published on 13/01/2024

» Hotel operators say the Easy E-Receipt scheme may not benefit the tourism industry, as those who are eligible to use this tax rebate may opt for shopping instead.