revenue

  • 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…

  • Economy News

    Chiang Mai’s economic losses to reach 100 billion baht due to Covid-19 pandemic

    Chiang Mai’s economic losses are estimated to reach 100 billion baht after Covid-19 ravaged the city’s tourism industry. The Bangkok Post reports that Varodom Pitakanonda, the president of The Chiang Mai Chamber of Commerce, says the city’s revenue from tourists “contracted severely this year due to the coronavirus”. “Now, we are pinning our hopes on government stimulus packages to salvage…

  • 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

    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…

  • Covid-19 News

    30,000 Thai hotels to lose all revenue during April

    According to the Thai Hotels Association, out of the 32,564 hotels registered in Thailand, 95% will lose all revenue during April as the temporary lockdown escalates around the country. Adviser to the THA, Surapong Techaruvichit says that the number of hotel closures is growing every day as more provinces have imposed stricter lockdown policies. “Phuket is the latest major tourism destination…

  • 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…

  • 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…