Thailand has been awarded the title of ‘Golf Destination of the Year, Asia and Australasia, 2010’ by the International Association of Golf Tour Operators(IAGTO). The IAGTO awards, sponsored in association with Virgin Atlantic, are the official awards of the golf tourism industry and are voted for by over 1,300 members in 77 countries.
On receiving the awards Santi Chudintra, director of the Americas Market Division at the Tourism Authority of Thailand (TAT) had this to say, ‘These awards are welcome, of course, but they aren’t news to anyone who works in the golf travel industry or, for that matter, anyone who has experienced a golf holiday in Thailand,’ ‘This will definitely help us to promote Thailand for golf and encourage golfers to come and play there.
Thailand Property Outlook
The completion of the Suvarnabhumi-Phuket International Airport has spurred growth in commercial property markets in eastern Phuket as well as in the beach resort of Pattaya. Thailand has become even more accessible by air with a wide range if International carriers using Phuket as a hub. In recent years, there has also been a surge in budge carriers, offering very competitive prices to both local and international destinations.
Real estate developers in 2010 are more cautious and many have professionalized their operations
Factors that indicate the 2008 Thai real estate market is not experiencing a bubble- like boom include:
1. Property prices have not changed dramatically in most areas.
2. Interest rates are continuously rising In the overall housing market, speculation is not significant even though there is some speculation in condominium markets and tourist area properties.
3.Low consumer confidence because of unstable political and economic environments.
4. Global Financial Crisis discourages overall property speculation
The real demand for residential real estate stems from local residents and foreigners living or working in Thailand. The latter group will definitely be affected by the weak global economy but what about local Thai residents? The Thai domestic economy will also be adversely affected by the crisis, especially the export sector. The investment sector and domestic consumption in Thailand Real Estate Market will also be affected by political instability – resulting in lower sentiment and confidence. Potential home- buyers will have less money for down payments and may delay purchasing decisions. Investors earn income from rentals. If the economy turns bad, rental rates and occupancy rate in Thailand may fall, forcing many investors to become sellers. When speculators and investors become sellers, extra supply is thrown into the market. Demand and supply pressure are exerting negative sentiments on the Thai real estate market in 2008-2010. However, some developers view the situation as an opportunity. Small developers will react immediately to the negative consumer sentiment by reducing new housing construction, providing larger developers an opportunity to gain market share in the Thai real estate market for 2010. Large development companies with strong reputations, strong balance sheets, and higher operational efficiencies will the first to benefit once the market turns around.
Adjustments in Thailand’s tourism industry
Thailand, especially the tourism and hospitality industry, have made various adjustments to prepare to welcome travellers again when the country is fully open.
Due to the COVID-19, businesses in Thailand, especially the tourism and hospitality industry, have made various adjustments to make it through this situation to prepare to welcome travellers again when the country is fully open.(more…)
Thai government may subsidise an unlimited domestic air pass
The government looks to offer a subsidy for an unlimited travel pass to people who buy domestic air tickets in advance to help struggling airlines in Thailand.
COVID-19 situation in Thailand as of 21 February 2021
• 150 new cases of laboratory-confirmed COVID-19 were announced by the Ministry of Public Health of Thailand bringing the total number of cases to date to 25,111.
No new deaths were reported today.
• Of the cases reported in Thailand, 95.4% (23,946) have recovered, 0.3% (82) have died, and 4.3% (1,083) are receiving treatment or are in isolation (870 are in conventional hospitals and 213 in field hospitals).
• The laboratory-confirmed cases reported today include
8 individuals who arrived recently in Thailand and were diagnosed in quarantine facilities.
38 cases detected through the routine surveillance system linked to occupational risk, visiting crowded places or contact with confirmed cases in Samut Sakhon (19 Thais, 7 Burmese), Bangkok (5 Thais), Pathum Thani (3 Burmese), Maha Sarakham (1 Thai), Ayutthaya (1 Burmese), Tak (1 Thai), and Nakhon Pathom (1 Thai).
104 cases identified through active case finding in Pathum Thani (17 Thais, 24 Burmese, 1 Laotian) and Samut Sakhon (2 Thais, 60 Burmese).
• Of 142 cases acquired in Thailand, 62% were detected in Samut Sakhon, 4% in Bangkok and 35% in other provinces.
• During the new wave (between 15 December 2020 and 18 February 2021), 20,874 confirmed cases have been reported, of which 5,727 were detected through the routine surveillance system, 14,256 through active case finding and 891 are in individuals who entered Thailand, detected through screening in quarantine. At present, 19,769 have recovered, 1,083 are receiving treatment, and 22 have died.
• Confirmed cases in the new wave in Thailand have been reported in 63 provinces.
The post Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 21 February 2021, 11.30 Hrs. appeared first on TAT Newsroom.
Traveloka to launch financial services in Vietnam and Thailand
Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Vietnam and...
Singapore’s Resilience Package: Support for Businesses and Jobs in 2021
The maximum loan quantum for domestic projects is S$30 million (US$22.7 million) and the government’s risk-share of loans is up...
US pledges to enhance cooperation with Mekong subregion’s countries
The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary...
1.7 million Thais without smartphones register for "Rao Chana" benefits
The Rao Chana scheme has seen a large number of Thais who don't have smartphones visiting the branches of Krung...
BoI allows private sector in border logistics center
NAKHON PHANOM (NNT) – The Thailand Board of Investment (BoI) has agreed to allow the private sector getting involved in...
Thailand Post joins Prompt Song app to buy supplies at market for restaurants
BANGKOK (NNT) – Thailand Post Distribution Co., Ltd. has joined with the Prompt Song application to buy supplies at a...