13 Aug 2019
Tourism
The standoff between the authorities and protesters in Hong Kong since June 2019 has escalated to the airport shutdown last weekend from August 9-12, 2019. Flights were cancelled with chaotic effects spreading out across the island. Although the airport reopened on August 13, 2019, uncertainty still persists because the political demonstrations are expected to continue. The gridlock does not only impact the business confidence in Hong Kong’s economy but also causes disruption at one of the world’s busiest airports, affecting outbound Hong Kong holidaymakers that includes those planning on coming to Thailand.... Read more
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24 Dec 2018
Tourism activities in the last five days of 2018 or between December 28, 2018 and January 1, 2019 are expected to generate THB47.43 billion of tourism revenue, up by 9.3 percent over-year, according to an estimate by KResearch. The buoyant sentiment from both local and international holidaymakers is attributed to the government’s supportive measures together with marketing promotions by hospitality companies. ... Read more
6 Nov 2018
At present, the fast-paced business world is fuelled largely by digital disruption. The tourism and hospitality business is one of the industries that has experienced a rapid evolution in the past decade, with Online Travel Agencies (OTAs) emerging to become a force to be reckoned with. The OTA business is driven by key global players which are poised to increase their presence and attach greater importance to the Asian region. The evidence is the value of merger and acquisition deals by the two OTA juggernauts in the Asian region; it represents 41 percent of their global M&As worth THB440 billion.... Read more
22 Jun 2018
The 2018 FIFA World Cup hosted by Russia is interrupting the consistent flow of Russian tourist arrivals in Thailand. According to statistics of the Ministry of Tourism and Sports, the number of Russian visitors in Thailand over the first five months of 2018 surged 21.4 percent over-year to reach 802,496 persons. Meanwhile, a drop of 13.0 percent YoY was recorded for May, and this downtrend may continue through the period of the world’s largest football tournament. This trend is also similar to many other countries, because it would appear that Russians prefer to stay home at this moment.... Read more