23 Feb 2024
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22 Dec 2023
8 May 2023
16 Dec 2022
Thailand’s food delivery market is expected to see a slowdown due to increased economic activity and lifestyle changes that are seeing many more consumers return to dine-in and takeaway options. KResearch projects that market value of food delivery business going forward will be static or drop when compared to the high base of 2022 due to numerous factors such as less-frequent use of food delivery service. As reflected by survey results, from the beginning of 2022 until the present, more than 37 percent of respondents reduced their frequency of service use in line with the further easing of COVID-19 curbs. Basic foods and fast foods remain preferable among consumers. Meanwhile, foods and beverages that have seen a decrease in online orders were drinks and bakery products, as consumers can enjoy convenient purchases when returning to work at the office. Average price per order tends to be stable or higher as costs of raw materials and energy prices are rising, possibly resulting in an increase in food price per item and service charge on average.... Read more
25 Oct 2022
The restaurant industry is expected to revive going forward, driven by Thailand’s economic activity that has gradually returned to normal, along with recovery in the tourism sector. The number of Thai and foreign tourists which is on the rise, especially amid an expected surge in international tourist arrivals will support revenue generation in the restaurant business. Additional factors are marketing campaigns arranged by restaurants in partnership with online food delivery platform providers, and large-scale operators expanding their branch networks and adopting new foreign restaurant chains so as to reach new target customers.... Read more
14 Sep 2022
The convenience store is another retail segment that has been affected by the COVID-19 pandemic over the past 1-2 years. In 2022, we at KResearch, however, expect that turnover in the convenience store business will resume growth of roughly 13-15 percent YoY, thanks to the low base of 2021.... Read more
21 Mar 2022
Food delivery operators will tend to benefit from consumer behaviors during this period of high COVID-19 infections, wherein many businesses are still using a hybrid work model. At the same time, platform operators and restaurants continue to launch marketing campaigns and offer promotions to boost food delivery sales, while expanding their reach to new users.... Read more
3 Nov 2021
During 4Q21, the full-service restaurant business is being supported by two factors as part of the government’s relaxation of various lockdown restrictions. They are the lifting of curfew in pilot tourist destinations under its reopening plan, and permission for restaurants to serve alcoholic beverages to customers, who are dining in their premises again under certain conditions, effective November 1, 2021. As a result, consumers are expected to dine out more and spend longer at restaurants. We at KResearch expect that the number of transactions (tables) at restaurants will increase 7 percent during the final two months of 2021, compared to an average figure reported during 10M21. Moreover, a longer dining time per each visit may allow customers to order more foods and alcoholic drinks, and this will likely allow full-service restaurants to earn an additional income of approximately THB2 billion over our prior estimate during the final two months of 2021, bringing the total sales of their foods and alcoholic beverages to roughly THB113 billion during 2021, representing a contraction of 28.5 percent YoY. ... Read more
1 Sep 2021
ศูนย์วิจัยกสิกรไทย ประเมินว่า ศูนย์วิจัยกสิกรไทย ประเมินว่า ในปี 2564 มูลค่าการใช้จ่ายสำหรับบริการทางการแพทย์ที่บ้านของไทย จะอยู่ที่ 2,200 – 2,300 ล้านบาท เติบโตได้เล็กน้อยที่ 2.4% (YoY) แม้ว่าตลาดจะเติบโตได้จากการเพิ่มขึ้นของผู้ให้บริการ ประเภทการบริการที่หลากหลายขึ้น รวมทั้งสถานการณ์โควิด-19 ที่ทำให้มีความต้องการรับบริการทางการแพทย์ที่บ้านทดแทน ทั้งกลุ่มผู้สูงอายุและผู้ป่วยที่มีความจำเป็นและกลุ่มที่ต้องการบริการทางเลือก เนื่องจากไม่สามารถไปรับบริการที่สถานพยาบาลได้ แต่ก็ยังมีข้อจำกัดด้านการจัดสรรบุคลากรและมาตรการป้องกันโควิด-19 ทำให้ภาพรวมตลาดยังขยายตัวได้ไม่มากนัก... Read more
19 Aug 2021
Amid heightened COVID-19 control measures, food delivery service has become the primary income channel for restaurants. Marketing via online food delivery platforms, including promotional discounts and delivery fee waivers for restaurateurs, has also helped to attract new customers and increase order frequency among existing customers.... Read more
27 Jul 2021
Private hospitals are one of the businesses that have been severely affected by the COVID-19 outbreaks, especially private hospitals that are normally reliant on revenue from foreign patients through medical tourism. Like regular international travelers, medical tourists are presently unable to travel to Thailand to receive treatment. KResearch projects that, under the severe circumstances of the most recent wave of COVID-19, the Thai medical tourism market in 2021 will continue a declining trend that began last year, with the number of medical tourist arrivals amounting to around 10,000-20,000, or decreasing not less than 90 percent YoY. ... Read more
14 Jul 2021
In KResearch’s view, spending on health tech in Thailand remains modest, at around THB 300-400 million in 2021. However, the COVID-19 pandemic has quickly elevated the role of technology in health services as it helps to reduce risk and provides greater convenience to patients. Moreover, Thailand’s shift to an aged society and consumers trend that favors preventive health behaviors will likely allow the health tech market to perform relatively well in the forthcoming period.... Read more
5 Jul 2021
With the recent wave of COVID-19 in Thailand, the number of daily cases has surged in many areas, particularly the Bangkok Metropolitan Region (BMR), which is categorized as a zone of maximum and strict COVID-19 control. This development has prompted the government to raise COVID-19 control and prevention standards. Once again, restaurants have been forced to halt on-premise dining, offering only takeaway and delivery service over a 30-day period. On June 29, 2021, the Thai Cabinet approved a measure to pay compensation to the workforce to reduce the impact of COVID-19 on businesses and provide assistance to both operators and employees. ... Read more
30 Apr 2021
Restaurants face ongoing challenges after the emergence of the third COVID-19 wave. While as of this writing the government has yet to announce a lockdown or ban dining-in at restaurants, the restrictions on restaurants’ business hours and consumer anxiety towards on-premise services have even more exacerbated the plight of restaurant business. Expected impacts on each type of restaurant are as follows... Read more
30 Sep 2020
The COVID-19 pandemic has prompted many businesses to rely more on the use of digital technology in their operations, leading to dramatic changes across the operational landscape of business-to-business (B2B) digital market, from solely focusing on elevating efficiency and creating new business channels via the use of digital technology to accommodate existing customers, to creating business continuity in all aspects of their organizations via digital channels. ... Read more
22 Jun 2020
The coronavirus (COVID-19) pandemic has forced more consumers to adopt new habits, such as watching shows and sports competitions via online mobile channels. However, if major telecom companies can apply their virtual reality (VR) technologies to the fifth generation (5G) ... Read more
16 Apr 2020
Continuous technological development and the increasingly prominent role of smart phones in consumers’ daily lives have impelled businesses across the service industry to elevate their services to meet consumers’ demands in a prompt, anytime-anywhere manner, through multiple platforms whether they are provided through websites or smartphone applications. These types of services are called on-demand services. Examples of such services that have seen a rise in popularity include food delivery, ride-hailing platforms and on-demand entertainment platforms.... Read more
9 Mar 2020
The coronavirus (COVID-19) epidemic has had a broad impact on many industries. One of the major casualties is the restaurant business because the slowdown in the number of international tourist arrivals to Thailand has adversely affected food and beverage spending, which accounts for roughly 15 percent of the total spending by all foreign tourists visiting Thailand (THB1.93 trillion in 2019).... Read more
2 Jan 2020
The restaurant business is one of the most important to the country’s service sector and economy with small and big operators involved and the turnover exceeding 400 billion Baht, representing 4.7 percent of the gross domestic product (GDP) of the service sector.... Read more
11 Nov 2019
The rapid aging of population is being seen in many developing countries, while most advanced nations have become full-fledged aging societies. Thailand has been an aging society since 2005 and is expected to become an aged society in 2022 or three years at the earliest. Currently, about 6-8 provinces in Thailand have become aged societies, namely Lampang, Phrae, Chainat, Sing Buri, Ang Thong, Samut Songkhram and probably Lamphun and Uttaradit. It is likely that Thailand will be the first country among developing countries to become an aged society; thereafter a super-aged society by about 2032. ... Read more
27 Mar 2019
Thailand has been an aging society since 2005. According to the latest information in 2018, there are 11.8 million senior citizens, representing 17.7 percent of the total population. From the business perspective, the demographic shift creates an opportunity for Thai companies to rethink and adjust their business plans. The job market for the elderly now concentrates on seniors with sufficient savings for their retirement. If there is a platform for qualified elderly who need a financial boost to re-enter the job market, this segment of senior citizens can be another interesting target group for businesses.... Read more
4 Jun 2018
KResearch is of the view that there is heightened competition among private hospitals vying for Thai patients here because purchasing power of such patients remains subdued. Although private hospitals have opportunities to expand their customer bases by capturing the growing number of senior citizens, they should recognize that this consumer segment does not have high purchasing power. As a result, they may target medium-income earners or those earning at least THB100, 000 p.a. (excluding financial assistance provided by their children) instead.... Read more
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