BANGKOK, 20 April 2017: Kasikorn Research Centre estimates 11.81 million international travellers will visit Thailand generating THB612 billion during January to April this year.
The bank’s think-tank unit said inbound tourism has been challenged since the beginning of this year due to a slowdown of tourist arrivals particularly from China and mainly so-called zero-dollar tours.
This resulted in a marginal growth of 0.7% in inbound tourism, January to March. Major markets that lifted arrivals in Q1 were Russia, Lao PDR, South Korea and India. Read more
BANGKOK, 23 March 2017: Kasikorn Research Centre says the ongoing ICAO and FAA process of recertification of Thailand’s aviation industry will strengthen the country’s ambitions to regain its status as a top regional hub.
It noted that the Civil Aviation Authority of Thailand (CAAT) has now issued its first Air Operations Certificate (AOC) under an ongoing recertification programme, 27 February.
Bangkok Airways was the first recipient as part of CAAT’s recertification programme, in partnership with CAA International (CAAi), which is part of the International Directorate of the UK Civil Aviation Authority (UK CAA). Read more
HO CHI MINH CITY, 16 March 2017: Ho Chi Minh City’s tourism authorities claim that the launch of an eVisa, last month, has increased travel bookings to Vietnam and particularly the southern city which is the country main gateway.
Local media quoted the city’s Vietnam National University’s Tourism Institute head Nguyen Duc Tri, saying the eVisa also enables improved data and updates of foreign tourists visiting the country, which will help tourism officials to monitor trends and adapt the country’s tourism products to meet demand.
According to Ministry of Public Security’s Department of Immigration, 490 foreigners applied for an eVisa since it was introduced in February. Of that total 210 applications were filed a week after the pilot scheme was introduced Read more
BANGKOK, 13 March 2017: Medical tourism is a key factor to boost Thailand’s private hospital business, according to Kasikorn Research Centre most recent report.
The bank think-tank unit said private hospitals continue to be a rising star maintaining a high two-digit revenue growth rate and good proportion of it comes from international patients rather than the domestic market..
“Medical tourism helps to generate at least THB40,000 million a year in treatment fees, which does not take into account income related business such as retail, tourism, hotels and restaurants…the medical tourism market is a key driver for private hospital business success,” the bank said. Read more
BANGKOK, 7 March 2017: Kasikorn Research Centre estimates Thailand’s domestic tourism will grow 7 to 8%, this year, circulating THB930 to THB938 billion in tourism related revenue to rural areas.
The bank’s think-tank unit said Thais travelling in the country helped to spread revenue from major towns and cities to rural areas.
“This year, domestic tourism has more room to grow, although there are no clear signs that incentive measures will be extended to promote visits in the country…intense competition among tourism operators, hotels and airlines including indirect sectors will drive domestic tourism forward.” Read more
BANGKOK, 28 February 2017: Kasikorn Research Centre estimates Thailand’s hotel sector will generate THB560 to THB574 billion this year in gross revenue, an increase of 3.7% to 5.5% year-on-year, despite growing competition.
The bank’s think-tank said competition in the hotel business continued to heighten in 2016, with more hotels in the pipeline.
“Now, as existing hotel operators carefully weigh their moves, new entrants venture into the market through mergers and acquisitions, bringing in new investment.” Read more
BANGKOK, 2 February 2017: Most Chinese tourists travelling to Thailand agree with Thailand’s clampdown on zero-dollar tours reasoning it could raise the country’s tourism quality and encourage more travel options, according to Kasikorn Research Centre survey.
The bank’s survey showed that 83.4% of Chinese tourists interviewed in the survey supported the crackdown and thought it would benefit Thailand’s tourism in the long-run.
And another 15% of respondents, while agreeing with the crackdown, were not sure of the outcome. Read more
BANGKOK, 31 January 2017: Kasikorn Research Centre estimates international travel to Thailand could reach 33.50 to 34.15 million trips this year.
The bank analysis said inbound tourism would continue to grow, this year, in a positive manner despite the threat of natural disasters and the clampdown on zero-dollar tours.
The clampdown on illegal tour companies that operate below cost tours, but earn enormous commissions from tourists will slow arrivals from China. Read more
BANGKOK, 11 January 2017: TMB Bank’s think-tank unit, TMB Analytics, says tourism will be a key driver to boost the country’s economy this year.
The bank’s analytics said travel and tourism will expand the local economy despite the crackdown on zero-dollar tours, which will continue to impact on arrivals from China in the short term.
It estimates that the country would welcome over 35 million international tourists by the end of this year an increase of 6% over last year that closed with roughly 32.5 million visits. The industry will generate THB1.82 trillion in revenue growing 9% from 2016. Read more
BANGKOK, 16 December 2016: Kasikorn Research Centre estimates Bangkok residents will spend THB28,500 million during the upcoming of New Year period, but the growth trend when compared with last year will shrink.
The bank’s think-tank said business operators hope the New Year festival will stimulate sales, but it is very likely that celebrations, toned-down during the country’s mourning period for the Late King, could slow New Year sales.
The centre estimates that during the New Year holiday Bangkok residents will spend THB28,500 million, up just 5.0% when compared to an 8% improvement achieved during the festival celebrations last year. Read more