Market Insight

Thai AirAsia flies into red as Chinese travellers decline

Thai AirAsia flies into red as Chinese travellers decline

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BANGKOK: The drop in Chinese visitors to Thailand and higher fuel prices resulted in a loss for Thai AirAsia in the third quarter but it hopes for a better financial performance in the last three months of the year. SET-listed Asia Aviation Plc (AAV), the operator of the budget carrier, […]

Chinese tourist volume continues dip, but FITs rise

Chinese tourist volume continues dip, but FITs rise

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BANGKOK: The number of Chinese tourists visiting Thailand during this quarter is expected to continue dropping, say research houses. It remains uncertain whether the government can reverse the slowdown in visitors from China during the peak travel season from October through to the end of the first quarter, said Standard […]

The evolution of an island – Phuket’s rise and rise

The evolution of an island – Phuket’s rise and rise

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“Thailand’s great push forward on mega-transportation projects is seeing strong dividends being paid in its tourism industry. One key example is Phuket, where passenger arrivals grew by nearly 19% in the first four month of the year at the newly upgraded and expanded international airport.” Why Phuket? One only has […]

From tropical paradise to busy urban island – Phuket

From tropical paradise to busy urban island – Phuket

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Phuket’s tourists, expats and property buyers are finding new reasons to head to the Pearl of the Andaman. They’re now spending more time and money seeking out alternative activities in areas other than the famed west-coast beaches. A report says that the island is transforming into a more well-rounded destination […]

New Greater Phuket Airport to create tourism Golden Triangle

New Greater Phuket Airport to create tourism Golden Triangle

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An announcement by the Airports of Thailand (AoT) about approval of a plan for a new second Greater Phuket airport has created quite a stir in the tourism sector in one of Southeast Asia’s leading resort markets. Located just over the Sarasin Bridge in Phang Nga’s Khok Kloi area, work […]

Phuket condo market climbs after big hit

Phuket condo market climbs after big hit

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PHUKET: The Phuket condominium market is expected to perform better in line with brighter economic forecast and the growing population on the island, according to the latest research report by Knight Frank Thailand. “Increasing supply and higher selling prices will be the key drivers, while demand is forecasted to improve […]

Opening a representative office in Thailand just got easier

Opening a representative office in Thailand just got easier

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A Representative Office allows the foreign investor to evaluate potential market opportunities without the need to establish a subsidiary in Thailand. Thus, it provides an interesting “vehicle” for foreign investors who may be considering entering the Thai market. Thailand has recently made the set-up process of such an office more […]

Macao, Phuket ink MoU on trade, tourism cooperation

Macao, Phuket ink MoU on trade, tourism cooperation

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PHUKET: Phuket and China’s Macao Special Administrative Region (SAR) have signed a Memorandum of Understanding (MoU) to boost trade and tourism cooperation. The signing yesterday (May 9) was witnessed by Thai Foreign Minister Don Pramudwinai and Chief Executive of the Macao SAR Chui Sai On. Mr Chui, who is on […]

Phuket luxury villa sales surging

Phuket luxury villa sales surging

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Phuket appears to be on an upward swing in the property market following a few years languishing with slower sales. According to a recent report from CBRE Thailand, around 155 resort villas were sold in Phuket during 2017. CBRE, which opened an office on the island back in 2004, says […]

Too old for healthcare? Phuket expats push for health insurance for retirees

Too old for healthcare? Phuket expats push for health insurance for retirees

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A handful of retired Swedish expats living in Phuket, Hua Hin, Bangkok and Udon Thani, and elsewhere in the country, are on the forefront of a project to push for health insurance coverage for retirees living or staying long-term in Thailand. The initial aim was for the Swedish government to […]