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BUSINESS

AWC to sink B22bn into sector this year

Business, Narumon Kasemsuk, Published on 28/02/2025

» SET-listed Asset World Corp (AWC) is ramping up new investment to 22 billion baht in the hospitality sector this year to capture the rising tourism wave, starting with 8.7 billion baht to acquire the Le Concorde office and hotel on Ratchadaphisek Road.

BUSINESS

Bonanza likely if booze curbs lifted, says industry group

Narumon Kasemsuk, Published on 20/02/2025

» Lifting the ban on afternoon alcohol sales in Thailand could help bring another 50-100 billion baht into the economy, particularly from foreign tourists, say industry executives.

BUSINESS

Trump tariffs put tourism on edge

Business, Narumon Kasemsuk, Published on 20/02/2025

» Uncertainty over the Chinese market and the effect of US President Donald Trump's policies are the most critical factors for the tourism industry in the first half, as airlines and hoteliers consider market trends after the high season.

BUSINESS

Foreign arrivals poised to grow 5% in February to 3.5m

Business, Narumon Kasemsuk, Published on 12/02/2025

» Thailand is expected to welcome 3.5 million foreign tourist arrivals in February, a 5% increase year-on-year, with all major markets surging between 2% and 20%, except the Chinese market, which is on course to plummet by 7% due to safety concerns, according to the Tourism Authority of Thailand (TAT).

BUSINESS

Thai AirAsia promises to keep prices in check

Business, Narumon Kasemsuk, Published on 06/02/2025

» As the Civil Aviation Authority of Thailand (CAAT) prepares to curb high airfares during the Songkran festival, Thai AirAsia said it would keep prices in check, though its average rate never exceeded the ceiling set by the regulator.

BUSINESS

Shizuoka to share hot spring prowess

Business, Narumon Kasemsuk, Published on 01/02/2025

» The Tourism and Sports Ministry has signed a memorandum of understanding with Shizuoka Prefecture, hoping to borrow expertise from Japan to develop hot springs in Thailand and exchange tourists between the countries.

BUSINESS

Operators scrutinise new Provincial Administrative Organization chiefs

Business, Narumon Kasemsuk, Published on 31/01/2025

» With Provincial Administrative Organization (PAO) elections being held nationwide on Saturday, tourism operators hope the new PAO chiefs can integrate their development plans with public tourism agencies to tackle ongoing issues.

BUSINESS

Chiang Mai takes on air quality challenge

Business, Narumon Kasemsuk, Published on 30/01/2025

» As tourism operators in Chiang Mai brace for the smog season over the coming months, they hope the pollution will be less severe this year than in previous years.

BUSINESS

Japan, China still tops for Thai travellers

Business, Narumon Kasemsuk, Published on 29/01/2025

» Despite surging costs, Japan and China are expected to remain the top destinations for outbound Thai travellers this year, with at least 2.5 million flocking to those countries thanks to visa exemptions, weak currencies and various tourism products.

BUSINESS

Koreans on course to be No.1 visitors to Chiang Mai in 2025

Business, Narumon Kasemsuk, Published on 28/01/2025

» The South Korean market might knock the Chinese off the top spot for arrivals in Chiang Mai this year, thanks to an uptick in direct flights and cool winter weather, according to the Tourism Authority of Thailand (TAT).