revenue
- Thailand News
Long Buddhist holiday to see over 40 percent reduction in domestic tourism
The long Buddhist festival holiday, which starts today, is set to see over a 40% reduction in domestic tourism. The Tourism and Transport Authority of Thailand has made the estimation which tallies around 1.09 million domestic trips, a number that is down 44% from last year’s Makha Bucha Day. The 2nd wave of the Covid pandemic this year has made…
- Events
Australians wake up to Facebook news blackout
Facebook is under fire as Australians accuse the social media giant of censoring news along with emergency services in an apparent blackout. This morning, residents logged in, saying they weren’t able to post links to news articles or view the Facebook pages of any news outlets worldwide. The move that has essentially blocked Australia from being in the loop, comes…
- Tourism News
Phuket sees 300 million baht boost over long holiday weekend
The Tourism Authority of Thailand says that Phuket has received a much-needed 300 million baht boost over the 4 day long weekend with around 54,000 tourists flocking to the island from last Thursday through to yesterday. Phuket Office Director Nanthasiri Ronnasiri, reports that the average expenditure per visitor was about 5,500 baht, which was higher than the average spend for…
- Phuket News
Phuket tax revenue plummets during pandemic – VIDEO
The Covid-19 pandemic led has tax revenue in Phuket to be cut in half. Border closures, banning international tourists, has caused the tax revenue for the popular island destination to plummet. From January to August, total tax receipts year on year fell by more than 46%, according to data from the Phuket Area Revenue Office, obtained by The Phuket News. In…
- World News
Facebook responds to proposed media laws in Australia with a threat to ban sharing of news posts
The media wars are heating up in Australia as a battle between Facebook and other tech platforms line up against traditional media providers and the Australian Government. Facebook is now threatening to block both the users and media organisations in Australia sharing news stories, if the Australian government’s plan to demand Facebook, Instagram, Google, etc to pay for content goes ahead.…
- Tourism News
Tourism authority predicts September revenue jump
The Tourism Authority of Thailand is expecting tourism revenue in September to grow by 20% compared to the same month last year, after the government approved September 4 and 7 as compensation holidays for this year’s Songkran Festival, which was “postponed” due to the Covid-19 crisis. We’re assuming they mean domestic tourism because there sure aren’t many foreign tourists! The…
- Covid-19 News
Qantas cuts 6,000 jobs to recover huge revenue losses
Australia’s Qantas Group is cutting at least 6,000 jobs after a massive revenue loss due to the Covid-19 pandemic. The jobs losses will be spread across all parts of the business while continuing to stand down 15,000 employees in an effort to recover. The Qantas Group includes the Qantas ‘full service’ brand and the JetStar discount airline offshoot. 20 % of…
- Covid-19 News
Tourist numbers and revenue expected to plunge, exceeding worst predictions for 2020
It’s no secret that the Covid-19 outbreak has been disastrous for Thailand’s tourism sector, long considered a vital lifeline of the nation’s already battered economy. Now the Tourism Authority of Thailand is projecting that Thailand is likely to close the year with only 16 million international tourists and 60 million domestic trips, far below the pre-virus targets of 40 million…
- Business News
Thai Airways under pressure to deliver workable business plan
Thai Airways is coming under more pressure, after being given 30 days to deliver its new rehabilitation and business plans. Thaworn Senniam, the Deputy Transport Minister, gave the instruction yesterday while meeting with the executive of the national carrier for an update on its financial status. He says the business plan must provide clear information on how the fortunes of…
- Tourism News
Which flight route makes the most money in the world?
The world of aviation now has its first billion dollar route. That’s a flight route that makes more money for an airline than any other. And for the first time that route has breached the one billion dollar ceiling – British Airways’ service between London Heathrow and New York’s JFK. OAG has come up with a list of the routes…
- World News
Vietjet reports strong revenue for Q1 2019
Vietjet has reported revenue is up by nearly 28% during the first quarter of 2019. In its Q1 (first quarter) financial report the Vietnamese budget airline says international route revenue surpassed domestic revenue reaching 55% of total revenue. In the first quarter Vietjet launched four new international and two domestic routes, a total of 111 routes in its network. Vietjet…
- Bangkok News
Thai Rath downsizes newspaper workforce citing crippling decline in revenues
Thai Rath, the country’s biggest newspaper, is buckling under the weight of digital change and downsizing its staff. In yet another sign of the woes in the Thai media industry, the mass-circulation Thai Rath newspaper is downsizing through a voluntary early retirement scheme. Thai Rath, which at its peak claimed a daily circulation of one million, said in a statement…
