Asset World

  • Thailand

    Thailand’s richest man buys Pattaya hotel, expects tourism will rebound

    Thailand’s richest man is expects tourism will rebound quickly. He’s so confident, that he’s now investing in hotels, including a hotel in Pattaya. Asset World Corp., the property arm of Thai billionaire Charoen Sirivadhanabhakdi’s TCC Group, purchased a Pattaya hotel this month. The company is now searching for more properties. With the drastic slowdown of international travel over the past…

  • Economy

    Asset World says hotel bookings in Thailand starting to recover

    The hotel development unit of billionaire Charoen Sirivadhanabhakdi, Thailand’s richest man, says bookings have begun to recover from the disruption caused by the COVID-19 coronavirus outbreak. The epidemic has impacted some 60% of the hotel and retail properties in Asset World Corp’s portfolio, deterring tourism and causing events to be cancelled, according to CEO Wallapa Traisorat. “We’re starting to see…