Minor International (MINT), a giant player in the hospitality industry, remains optimistic about the vibrant prospects of the travel sector in Europe and Thailand. The company points to solid operational statistics and strong future reservations for the remainder of the year as proof of their confidence. The travel season that kicked off in the second quarter of 2023 in Europe continues to intensify with forward bookings for September and October demonstrating noticeable strength. A spike in demand has been recorded across MINT’s European hotels, an encouraging sign fuelled not only by hearty leisure tourism but also a revival in corporate business travel. The first half of September has seen these establishments achieving a remarkable average occupancy rate that surpasses 70%. This rise in occupancy coincides with consistent growth in the Average Daily Rate (ADR), a clear indicator of a vigorous recovery in regional tourism. Reservations for September sit a handsome…
Posts published by “Editorial Team”
During 2021’s Covid-19 pandemic, the ever-revolutionizing Pao Tang app of Krungthai Bank took center stage on the home screens of smartphone users. It was highlighted as an innovative tool in the government’s arsenal to stimulate the ailing economy throughout the country. The graced support came from none other than Prime Minister Srettha Thavisin himself. Following a comprehensive meeting with the execs of the Finance Ministry, it was confirmed that this app would become instrumental in executing the government’s digital wallet strategy. There’s a twist to this hi-tech story, though. Merely facilitating transactions wasn’t enough. The highly secure and cutting-edge Blockchain technology would be knit together with the Pao Tang app, ensuring a seamless integration of technology with convenience, Mr. Srettha expressed after the briefing. Now the next big challenge was on the horizon. The government had pledged a 10,000-baht digital currency handout. The target audience: every single Thai citizen, which…
Boasting over 35,000 enterprises that are intertwined with the space economy or stand to see significant gains from it, Thailand is a hotbed of potential in this cutting-edge industry. These ventures collectively contribute an impressive 56 billion baht per year to the country’s GDP, according to Associate Professor Komsan Maleesee, the rector of KMITL. He spoke about the manifold advantages of establishing a regional space hub. For one, it could spur the creation of novel job opportunities across a plethora of sectors. Additionally, it would enable local governments to leverage space technology to proactively manage natural catastrophes such as droughts, floods, forest fires, and climate change consequences. The technology can also provide real-time monitoring of PM2.5 air contamination levels. Interestingly, global space entities have already assessed the strategic potential of Chumphon province. Given its proximity to the Equator, it offers a prime location for constructing a spaceport. The planned space…
The Tourism Authority of Thailand (TAT) and Nissin Foods (Thailand) are back at it with their newest project, redesigning instant noodles’ packaging to serve as your personal tour guide to Thailand’s most iconic landmarks. This inventive marketing strategy captures the spirit of Thailand and brings it directly to consumers – and into their homes, introducing them to the country’s rich heritage and tantalizing cuisine. According to Kittiphong Praphatthong, TAT’s hotshot central region director, the noodle packaging will be beautifully adorned with vivid photos and intriguing nuggets of information about Thai landmarks, culture, and cuisine. The idea behind this is to spark an interest in consumers to venture into local Thai eateries and experience the nation’s traditional dishes firsthand. Selecting a pack of instant noodles has just become an entrée to a cultural adventure! Not your average grocery shopping trip, right? These noodle packages will seamlessly link to TAT’s Amazing Thailand…
As global air travel gathers momentum in the wake of the Covid-19 pandemic, airports across the globe are likely to encounter a slew of issues when accommodating more flights. Considering the impending challenges, Thailand’s Transportation Minister, Suriya Juangroongruangkit views expansion as the most pragmatic solution to enhance the capacities of these airports. To actualize this solution, the Airports of Thailand (AOT) and the Department of Airports (DOA) have been commissioned to undertake extensive research. They will explore opportunities for the expansion of the current airports, as well as the potential establishment of new ones, in order to match the anticipated increase in travel volume. Minister Suriya threw light on the limitations posed by the current infrastructure of Phuket Airport considering the mounting passenger traffic and unveiled the proposal of inaugurating a new airport in Phang Nga, situated close to Phuket. Preliminary surveys suggest that Khok Kloi Subdistrict in Phang Nga…
On a notably jubilant Wednesday, the eminent Thai Prime Minister, Srettha Thavisin, unveiled a delightful surprise for visitors from China and Kazakhstan. Uniting Thailand’s hospitality with the universal allure of wanderlust, the Premier declared an unprecedented policy whereby tourists from these countries would be exempted from paying visa fees. This unique boon is set for a duration of five months, initiating on September 25 and drawing to a close on February 29, in a bid to escalate the flourish of tourism. The exhilarating tidings were swiftly followed by an unveil by the Honorable Transport Minister, Suriya Juangroongruangkit, regarding an impending evaluation visit by the top echelons of the Thai administration. The venue for this distinguished visit, scheduled for September 15 and 16, is none other than the acclaimed Chiang Mai International Airport, in anticipation of a potential surge in the influx of tourists, courtesy of the new policy. While the…
Deputy Minister of Finance Krisada Chinavicharana forecasts a promising outlook for the fiscal year 2023 with a projected government tax revenue surplus of at least 100 billion baht. A rich cascade of revenue has been flowing into the government coffers, and in the realm of 60-70 billion baht is cited as being sourced from diversified government channels. Intriguingly, this robust financial surge is despite a sizable loss of 15 billion baht stemming from diesel fuel taxes. Economic blossoming in multiple facets has been a key driver, fuelling this upbeat revenue outlook. An exciting momentum is developing as more foreign tourists than forecast return to our vibrant shores, significantly contributing to this windfall. Likewise, domestic consumption has seen a vigorous uptick, further bolstering the country’s robust revenue streams. However, the incoming fiscal wave does carry a tinge of loss as well. A reduction of the excise tax on diesel by 2.50…
The Asian Institute of Technology (AIT) recently celebrated a groundbreaking development in Thailand’s technological and innovative landscape with the launch of its Science and Technology Park, duly accredited by the Board of Investment (BOI). This initiative earmarked Thailand a key destination for multinational corporations and institutionalized an environment thriving on innovation and pioneering solutions. AIT’s vision is encompassing, centering around promoting international collaboration, facilitating groundbreaking research, nourishing promising startups, and addressing urgent societal issues through the deployment of innovative solutions. This new tech hub provides all-around support for businesses, aiding their journey from incubation through expansion, offering access to Thailand’s Science Park, Intellectual Property licensing support, and fully furnished workspaces. This BOI accredited Park serves as a fertile breeding ground for entrepreneurial endeavours and provides an opportunity for entrepreneurs to tap into a diverse network of over 1,500 English-speaking postgraduate students from around 45 countries. Further to these benefits, investors…
A run-of-the-mill day took a shocking turn for a local man, Somboon Onjaeng, who discovered the lifeless body of an unidentified foreigner amidst the quiet, dense forest of Lop Buri province, nestled in the heartland of Thailand. The report, brimming with chilling details, suggests a homicide incident. The police, having rushed to the scene of this gruesome find, believe that the unknown man was murdered and later burned in an attempt to conceal the evidence. Approximately at 10 am, on an unsuspecting morning of September 12th, 55-year-old Somboon, a native to the area, took a ride to his local fishing spot. On his way, he observed an eerie object, which at first glance appeared to be a mannequin, discarded dispassionately. A sense of dread washed over him as he moved closer, and the indignant truth revealed itself – it was a charred, lifeless human male body. The first respondents –…
Rangsiman Rome, the spokesperson for the Move Forward Party, has recently come forward with bold allegations of corruption within the Thai government system. Unpacking a series of malfeasance pointing towards top government officials, he uncovers a disturbing underbelly of deceit and manipulation that he asserts, needs staunch rectification. According to Rome, dubious deals have been cut, compromising the integrity of the administration. Case in point, he shed light on the illicit sale of Thai electricity to an infamous drug lord from Myanmar. His accusations go so far as to suggest the involvement of two former heavy-weight police chiefs, as well as the police aviation unit. Being a passionate advocate for a clean and honest government system, the 31-year-old politician couldn’t help but raise questions regarding the stance Prime Minister Srettha Thavisin would take on this issue. Would he dare initiate legal proceedings against the formidable former Prime Minister Prayut Chan-o-cha?…