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BUSINESS

Airbnb upbeat as tourism rebounds

Business, Narumon Kasemsuk, Published on 05/05/2023

» Airbnb closed 2022 with an impressive turnaround as the pandemic-hit business reported its first annual profit on revenue growth of 40% to US$8.4 billion, with net income of $1.9 billion.

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BUSINESS

Cannabis issue still causing jitters

Business, Narumon Kasemsuk, Published on 03/05/2023

» Since the government legalised cannabis on June 9, 2022 by removing the plant from the list of prohibited narcotics, the tourism sector was expected to reap a windfall as Thailand was the first country in Asia to allow hemp consumption for certain purposes, other than recreational use.

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BUSINESS

AirAsia reassures market over restructuring worries

Business, Narumon Kasemsuk, Published on 27/04/2023

» Thai AirAsia insists that restructuring of the group in Malaysia will not affect operations in Thailand, while group chief executive Tony Fernandes will continue to guide the aviation business as he prepares to shift focus from airlines to other businesses.

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BUSINESS

Chinese arrivals weak this year

Business, Narumon Kasemsuk, Published on 22/04/2023

» The number of Chinese visitors might not reach the government's target of 5 million this year as arrivals in the first four months were lower than expected.

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BUSINESS

TAT optimistic about reaching long-haul market target

Business, Narumon Kasemsuk, Published on 13/04/2023

» Stronger air traffic in the summer, with a projection of more than 98,000 flights, should help each long-haul market to exceed 1 million visitors by the end of this year, according to the Tourism Authority of Thailand (TAT).

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BUSINESS

Nok Air veteran to launch new carrier

Business, Narumon Kasemsuk, Published on 23/03/2023

» Amidst the Thai tourism recovery, airline veteran Patee Sarasin is setting up a new long-haul carrier with venture capital, starting with four wide-body aircraft and a goal of 70% foreign passengers.

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BUSINESS

Chiang Mai frets, holding its breath

Business, Narumon Kasemsuk, Published on 15/03/2023

» Chiang Mai tourism operators are anxious, hoping the province's unsafe levels of PM2.5 air particle pollution subsides later this month as the Songkran holiday draws near.

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BUSINESS

Hotel scheme generates B1.25bn

Business, Narumon Kasemsuk, Published on 11/03/2023

» Domestic tourists spent more than 1.25 billion baht on hotel bookings during the fifth phase of the "We Travel Together" scheme, snapping up 560,000 room nights within four days.

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BUSINESS

Sector braces for 80m visitors by 2027

Business, Narumon Kasemsuk, Published on 10/03/2023

» Intense congestion at popular tourist destinations needs to ease in order to accommodate a new target of 80 million foreign arrivals by 2027, says Tourism and Sports Minister Phiphat Ratchakitprakarn.

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BUSINESS

People hurry to snap up hotel rooms

Business, Narumon Kasemsuk, Published on 08/03/2023

» People rushed to book hotels during the first day of the latest phase of the hotel subsidy programme, with 112,876 room nights reserved out of 560,000 available under the scheme within six hours.