Within five years, the rapid expansion of Bangkok’s metro systems will succeed in opening up unprecedented spaces in the city, and with it huge opportunities for the travel and tourism industry, said industry experts said at the “Thailand Tourism Forum (TTF) 2018”.
This has not been lost on one of Thailand’s most prominent real-estate developers, Sansiri, which will bring one of the most dynamic New York hospitality brands – The Standard – to Bangkok in a major foray into hospitality as it seeks to bring new cutting-edge brands to the capital.
Sansiri chief executive officer Apichart Chutrakul gave the keynote interview to open TTF 2018 on the theme of “MEGACITY BANGKOK – A Tourism and Hotel Futurescape” to a packed ballroom of almost 700 travel industry delegates from Thailand and across the region at the InterContinental Bangkok. In his opening remarks, TTF 2018 co-organiser and managing director of C9 Hotelworks Bill Barnett, said:
“In five short years the electric metro across greater Bangkok will reach a length of 464 kilometres. This will surpass London, which stands at 402km with the Underground, and New York City’s Subway, which measures 380km.
The great promise of the East has now become the new West. Important will be the access to three international, interconnected airports – Suvarnabhumi, Don Mueang and U-Tapao.”
Bang Sue central station project almost 50% completed
According to the National News Bureau of Thailand the construction of the Bang Sue Central Station, set to replace Hua Lampong as the capital’s main rail transport hub, is now almost 50 percent completed.
The central station, scheduled to be completed next November, will become a terminus for Bang Sue-Rangsit Red Line.
The station which covers more than 240,000 square meters near Bang Sue intersection on Thoet Damri road will be a hub for high-speed rail links in addition to standard electric trains and diesel trains.
This includes the planned Thai-Chinese high-speed railway from Bangkok to Nong Khai, the Eastern Economic Corridor high-speed railway connecting Don Mueang, Suvarnabhumi and U-tapao airports and the Thai-Japanese high-speed railway from Bangkok to Chiang Mai.
THAI airways to sell training center building to raise more funding
THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation.
THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after the bankruptcy court gave the go-ahead to do so.(more…)
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Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.
As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.(more…)
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