Business

Low-cost carriers capture up to 40% of thai market

LCC passengers rose from 17.7 million in 2011 (a 26.6% market share) to 21.9 million in 2012 (28.8%), 28.2 million in 2013 (31.9%) and 35 million in 2014 (38.6%).

Published

6 years ago

March 8, 2016

Boris Sullivan

Low-cost carriers (LCCs) continued to flex their muscle in Thailand’s aviation sector last year, capturing more than 40% of the market with over 45 million passengers.

As the popularity of budget air travel grows, no-frills carriers are poised to increase their share of the overall airline market by 5-10 percentage points annually.

Tassapon Bijleveld, chief executive of Thai AirAsia (TAA), the country’s largest LCC, believes LCCs can make up for half of total commercial air traffic passing through Thai airports this year.

“It would not be irrational to envisage LCCs comprising 75% of air traffic in Thailand in five years or so,” he told the Bangkok Post.

Screenshot of outbound flight at Don Mueang International Airport

The second phase of the development at Don Mueang International Airport is now complete and ready to accommodate more passengers as of March 8th.

According to Airports of Thailand (AoT) President Nitinai Sirismatthakarn, the second phase of the development consists of improvements to Passenger Terminal 2, three concourses, a southern walkway and toilet facilities.

Don Mueang International Airport is now able to accommodate 12 million more passengers annually or around 30 million people per year

LCCs have expanded over the last decade from essentially zero to penetrating almost 30% of Thailand’s total market

LCCs in 2012 accounted for 51% of domestic seat capacity in Thailand and 16% of international seat capacity, according to OAG data. LCCs in the year ending 30-Sep-2012 accounted for 28% of passengers at major airports in Thailand, including about 50% of domestic passengers and about 16% of international passengers, according to Airports of Thailand data.

LCCs over the last four years have doubled their traffic at Thailand’s main airports to over 20 million passengers, including 13.5 million domestic passengers and 6.9 million international passengers. The rate of LCC growth has been equal in both the domestic and international markets, sandwiching market leader Thai Airways.

Source: Low-cost carriers eat into market | Bangkok Post: business

Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

Published

2 weeks ago

October 3, 2021

National News Bureau of Thailand and Headline Editor

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

Published

2 months ago

August 9, 2021

BOI and Headline Editor

In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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