Demand for wellness accommodation in Thailand continues into 2021 An international real estate and hospitality consultant sees hotel developers continuing to shift their preference towards developing products and services that cater to the rising wellness tourism demand. CBRE, an international real estate and hospitality consultant, says an increased focus on local guests is important as international tourist arrivals remain…
Government to consider rescue packages for tourism businesses in South The government will hold a mobile Cabinet meeting in Phuket today to consider potential rescue packages for tourism-related businesses that have been ravaged by the closure of international borders. The proposals, which include soft loans for airlines and other businesses, come after PM Prayut Chan-o-cha…
Thailand’s Economy and the Pandemic: Facing Delays and Difficult Choices Thailand is one of the few countries that can claim to have restricted the internal spread of COVID-19 so far. The country has yet to reach 3500 total cases, with limited deaths, currently at 58. A timely border closure supported by initiatives that were broadly embraced by…
Thai cabinet adds 2 more 4-day long weekends A holiday-led economic recovery. That appears to be a part of the government’s agenda following yesterday’s meeting of the Thai cabinet. 2 new holiday weekends have been created, one in November, one in December, in efforts to further stimulate the economy. In both cases the extended weekends…
Thai Economy May Contract for Second Year With Tourism in Limbo (Bloomberg) — Thailand’s economy could contract for a second straight year in 2021 if it takes a cautious approach to reopening its tourism industry, according to a central bank official. If Thailand remains closed to foreign tourists until a vaccine is widely available –…
Thailand’s biggest economic slump since 1998 triggers more fiscal stimulus THAILAND’S economy suffered its biggest contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus. Data from the state planning agency showed a…
Thailand eyes using Hainan’s free trade port potential By 2025, the Chinese government intends to create an “international center for tourism and consumption” on Hainan HAIKOU, August 14. /TASS/. Chairman of the Board of Directors of the Thailand Association on Hainan, Yun Changliang, during a video conference with the participation of Deputy Bureau of International…
Thai Airways to operate repatriation flights to Denmark, Taiwan Thai Airways has arranged 2 repatriation flights to Taipei and 2 to Copenhagen this month, to bring back foreign nationals who were stranded by the Covid-19 pandemic. The airline’s acting president says the Taiwan flights will fly on August 5 and 14, leaving Suvarnabhumi Airport at 8:25am and…
Nok Air will survive despite bankruptcy: CEO Thai budget carrier Nok Air is insisting that its business will be able to return to solvency despite filing a business rehabilitation request with the Central Bankruptcy Court, shortly after national flag carrier Thai Airways did the same. Nok Air CEO Wutthiphum Jurangkool said yesterday that the impact…