Search Results for: pandemic
- Business News
Ana maintains pre-pandemic load on Thailand-Japan flights
Japanese carrier ANA has successfully maintained the load factor on Thailand-Japan routes at the same robust level as in 2019, despite the challenges posed by a weak yen. Notably, the majority of its passengers are now Thai tourists and long-haul travellers transiting through Japan. Thailand has emerged as one of ANA’s strongest routes in Asia-Pacific and Southeast Asia post-pandemic, alongside…
- Business News
Post-pandemic airfares to remain high amid travel surge
Despite a slight relief due to declining jet fuel prices and increased flight capacity, airfares are expected to remain high in the post-pandemic travel surge and are unlikely to revert to pre-pandemic levels soon. AirAsia Aviation’s CEO Bo Lingam spoke on the changes in travelling patterns post-pandemic in an interview. “[The aircraft] load factor is around 90%, this was unheard…
- Business News
Thai industries launch initiatives to boost SMEs post-pandemic
New initiatives by the Federation of Thai Industries (FTI) aim to bolster local entrepreneurs, particularly small and medium-sized enterprises (SMEs) still grappling with the effects of the pandemic. The FTI is focusing on critical sectors such as agribusiness and the auto parts industry to foster resilience and growth. Efforts are being made to help SMEs become more competitive through the…
- Thailand News
Bangkok hotels ‘MICE’ their way back to pre-pandemic occupancy levels
Bangkok hotel occupancy rates in the first quarter of 2024 have nearly hit pre-pandemic levels, driven largely by a surge in meetings, incentives, conferences, and exhibitions (MICE) travellers. Tanakorn Thanuthanud, manager of the valuation and advisory services department at Colliers Thailand, revealed the exciting news. “The resumption of international events in Bangkok attracted more tourists to the city. Fan meetings…
- Business News
Post-pandemic shift in tourist spending habits reveals TikTok’s role in Thai travel
The Tourism Authority of Thailand (TAT) divulged insightful data revealing a shift in foreign tourists’ spending habits post-pandemic and the surge in popularity of TikTok as a source of travel information and inspiration. A survey conducted by TAT’s digital R&D Deputy Governor Teerasil Tapen, encompassing 30,054 tourists in 2023, unveiled an increased average expenditure on individual trips, rising from 48,209…
- Thailand News
Surging Pattaya hotel occupancy shows post-pandemic recovery
Pattaya is experiencing a remarkable resurgence, with hotels bursting at the seams, boasting over 90% room occupancy. Sanphet Supabawornsathien, Eastern Thai Hotel Association President, reveals that Pattaya’s hotel industry is booming, with room occupancy rates soaring above 90% as tourists from China, Russia, and India flood the city alongside a surge in domestic travel. This remarkable trend is fuelled by…
- Thailand News
Pandemic alert: 8,197 Thailand dengue cases reported in January
The Disease Control Department (DCD) issued a stark warning amid a surging wave of dengue fever cases, urging the public to shield themselves from mosquito bites. With a staggering tally of over 8,000 infected individuals and a count of 13 fatalities so far, the situation demands immediate attention. Thongchai Keeratihuttayakorn, the DCD Director-General, revealed alarming statistics, indicating a 91.25% surge…
- Business News
China’s Lunar New Year tourism surge unlikely to reach pre-pandemic levels
Anticipations are high for an increased number of Chinese tourists venturing abroad during the forthcoming Lunar New Year. However, industry analysts predict the numbers will not reach the pre-pandemic levels due to the prevailing uncertain economic situation and evolving consumer trends. A significant surge in passenger traffic during the 40-day festive travel period, known as Chun Yun, is suggested by…
- Business News
Thai hotel sector sees pre-pandemic level investment surge
Thailand’s hotel sector is undergoing a resurgence in investment mirroring pre-pandemic levels, with the boost being propelled by an increase in hotel conversions and an uptick in bank lending, because of a hopeful tourism market. The information is according to C9 Hotelworks, a hospitality consultancy firm. The firm’s managing director, Bill Barnett, reported an upbeat market and investment sentiment, thanking…
- Business News
GSB plans debt moratorium for 630,000 debtors amid Covid-19 pandemic
The Government Savings Bank (GSB) is setting up a plan to provide a debt moratorium for 630,000 debtors, totalling 6.3 billion baht. This plan is in response to the economic hardship experienced by individuals and businesses due to the Covid-19 pandemic, according to an anonymous source. During the pandemic, between 2020 and 2021, GSB, a state-owned entity, issued loans totalling…
- World News
Zombie deer disease alert in Yellowstone sparks potential pandemic fears
The outbreak of the so-called Zombie Deer Disease has been reported in Yellowstone National Park, Wyoming, USA, according to The Guardian website. This affliction, found in deer species, alarmed researchers and scientists due to its significant environmental impact and potential to infect humans. Prions, abnormal and infectious agents, cause Zombie Deer Disease. These prions induce changes in the brain and…
- Business News
Thailand eyes pre-pandemic tourism levels by 2024, revamps VAT refund process
Thailand, a popular tropical destination, is anticipating a return to near pre-pandemic tourism levels by 2024. In 2019, the country welcomed nearly 40 million overseas visitors, contributing 12% to the nation’s GDP. However, the Fiscal Policy Office projects a recovery to approximately half that number this year, following the pandemic, and predicts a return to 90% of the 2019 levels…
- Business News
Accor predicts surge in hotel conversions in Thailand post-pandemic
A surge in hotel conversions is expected in the post-pandemic hospitality sector, according to Accor, an international hotel chain. This trend is in response to stricter lending rules from financial institutions and a slowdown in the construction of new establishments. Andrew Langdon, Accor’s Chief Development Officer for Asia, detailed how the current supply of new hotels is slow and concentrated…
- Thailand News
Thai Airways sees surge in bookings despite pandemic and global conflict
Thai Airways International (THAI) reported a surge in bookings on its European and Australian routes for the fourth quarter of this year, signalling a robust recovery for the airline even amid an ongoing pandemic. Despite the broader global economic slowdown and the Israel-Hamas war, these routes have witnessed heavy bookings. However, the Chinese market remains slow, possibly due to various…
- Economy News
Thai economy faces scrutiny amid recession fears and slow pandemic recovery
The Thai economy is in the spotlight as concerns over a looming recession persist due to the nation’s weak export outlook and slow recovery from the pandemic. Last week, the government faced heavy criticism from opposition parties and business leaders during a Thai economy policy debate, with the latter expressing concerns over the lack of detail in the 43-page policy…
- Business News
ThaiBMA warns investors about corporate bonds as firms struggle amidst pandemic
The Thai Bond Market Association (ThaiBMA) is urging caution among investors considering corporate bonds due to ongoing challenges faced by several companies in the aftermath of the Covid-19 pandemic. Ariya Tiranaprakit, ThaiBMA’s executive vice president, highlighted that three companies failed to meet debenture payments totalling 12.1 billion baht this year. Additionally, some firms struggled to adhere to corporate bond payment…
- Business News
Post-pandemic business growth: CMG aims for 20% revenue boost relying on beauty trends
In an era marked by a surge in consumer-based beauty industry trends, Central Marketing Group (CMG), a key Central Retail Corporation subsidiary and renowned distributor of over forty top-notch global brands, targets a 20% revenue business growth for their beauty segment this year. The company’s president, Edwin Yap Hawson, notes that the anticipated business growth can be credited to inventive…
- Thailand News
Thai school aids 11 year old’s return amid pandemic-driven dropout crisis
An 11-year-old Thai boy, Anirut Thongdech, also known as Saming, has been given the opportunity to return to school after being forced to leave when his family could no longer afford his education. Saming’s family struggled financially due to the Covid-19 pandemic, which caused his parents to become unemployed and resort to collecting recyclables for a living. Wat Trangkhapum Putthawat…
- World News
Baleh hydroelectric project on track for 2028 despite pandemic delays
The Baleh hydroelectric project, a 1,285MW dam in Kapit, Sarawak, is on track to commence operations by 2028, according to Premier Abang Johari Tun Openg. The construction is expected to be completed within the next three to four years, despite some delays due to the Covid-19 pandemic and worker-related issues. “Our schedule for the dam to be completed is in…
- World News
UK COVID-19 inquiry begins, scrutinising pandemic response and impact
The United Kingdom’s COVID-19 inquiry has commenced its main hearings, scrutinising the nation’s handling of the pandemic that led to one of the highest global death tolls. Heather Hallett, the chairwoman of the inquiry, emphasised the importance of acknowledging the suffering and loss experienced by many during her opening statement on Tuesday. The inquiry was initiated by former Prime Minister…
- World News
Sunak denies broken US trade deal promise, cites pandemic and Ukraine war
The UK’s Chancellor of the Exchequer, Rishi Sunak, has defended the government’s inability to secure a trade deal with the United States, attributing the delay to the pandemic and the war in Ukraine. Sunak, who is currently visiting the US, was asked if he accepted that the Conservatives had not fulfilled their 2019 manifesto pledge to strike a deal with…
- World News
Share your pandemic story to shape UK’s COVID-19 Inquiry recommendations
The COVID-19 Inquiry has launched the Every Story Matters initiative, encouraging individuals to share their personal experiences of the pandemic. The aim is to gain a comprehensive understanding of the events that unfolded and identify areas for improvement in the UK’s preparedness for future crises. Nearly 6,000 people have already submitted their stories, with various organisations, such as homeless charities…
- World News
Pandemic shifts UK grocery habits: fewer visits, own-label surge, loyalty focus
The pandemic has caused a significant shift in grocery shopping habits in the UK, as data from analyst firm Kantar reveals. Consumers now visit supermarkets less frequently, spend more on own-label products, and increasingly rely on loyalty schemes for discounts. The ongoing cost-of-living crisis has contributed to these changes, with food prices reaching their highest levels in 45 years. Kantar’s…
- World News
Austerity left UK unprepared for pandemic, warns TUC report
A report by the Trades Union Congress (TUC) claims that the UK’s years of austerity significantly impacted the country’s preparedness for the coronavirus pandemic. The TUC asserts that funding cuts left health and social care “dangerously understaffed,” reducing the sectors’ ability to respond effectively to the COVID-19 crisis. The report also highlights that pay caps and freezes contributed to staffing…
- Business News
Asia-Pacific consumers to boost health and wellness spending post-pandemic
A recent survey reveals that approximately 70% of consumers in the Asia-Pacific region are prepared to increase their expenditure on health and wellness products, as the pandemic has heightened health consciousness. The study called the Asia-Pacific Health Priority Survey, was carried out by US supplement distributor Herbalife and highlighted a particularly strong interest in health improvement in Southeast Asia, specifically…
- Business News
Accessible tourism potential for Thailand’s post-pandemic resilience
The World Tourism Organization emphasizes the importance of accessible tourism as the industry aims to recover post-pandemic. An estimated 10% of the global population is aged over 65, while approximately 16% have some form of disability. As Thailand’s economy increasingly relies on tourism, developments in accessible infrastructure are being implemented in both public and private sectors. Despite existing accessibility laws…
- Business News
Fast food slows down amid technology advancements and post-pandemic challenges
Fast food restaurants have long been associated with swift service and short wait times. However, recently in Singapore, a student had to wait for around ninety minutes for her McDonald‘s meal, sparking debate online as to why the fast food industry appears to be slowing down despite the growing use of self-service technologies. The traditional fast food model of operation…
- World News
US braces for migrant influx as pandemic-era asylum rules end
As United States pandemic-era rules expire, the country is preparing to face thousands of migrants, resulting in deep divisions over immigration. These individuals are seeking safety and shelter in the US, but with a rising wave of nationalism, the welcome they receive may be uncertain. The Texas cities of El Paso, Brownsville, and Laredo have declared a state of emergency,…
- Business News
Singapore aims to shed stopover status and hit pre-pandemic tourist numbers by 2024
Australians, Bryan and Christine Mansfield were delighted to start their three-day holiday in Singapore, marking the beginning of their golden jubilee celebrations delayed due to the COVID-19 pandemic. Like other tourists, Singapore was their first foreign destination since 2020 when the pandemic halted international travel. Although Singapore served as a layover before proceeding to their main destinations within the Southeast…
- Tourism News
Koh Samui needs more direct flights to boost post-pandemic recovery
Koh Samui Tourism Association chief is urging authorities to enhance the island’s tourist infrastructure and increase flight capacity to boost a full post-pandemic recovery of the popular holiday resort. Association president Ratchaporn Poolsawadee revealed that only 70% of independent hotels with three or four-star have resumed operations following the pandemic. This is due to slow cash flow in comparison to…
