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Thailand: Investors target high-class Pattaya hotels

Hotel investors are focused on buying upscale establishments because of high demand from independent guests, instead of hotels targeting mass tour groups, which have unfavourable locations and produce low returns, say Pattaya operators. Thanet Supornsahasrungsi, president of the Chon Buri Tourism Council, said 4- and 5-star properties, or those located near beaches and city centres, are more […]

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Thailand: BoI wants businesses to promote LTR visas

The Board of Investment plans to enlist private companies to boost response to the long-term resident (LTR) visa programme targeted at highly skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year visas introduced last year, according to Narit Therdsteerasukdi, the BoI secretary-general. They will also promote the […]

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Growth headwinds mounting in Thailand

According to the latest data released by the National Economic and Social Development Council on Feb 17, Thailand’s real GDP growth slowed significantly to 1.4% year-on-year in the fourth quarter of 2022 from 4.6% in the third quarter. The fourth-quarter figure was a major miss from consensus estimates of 3.5% and lowered full-year growth to 2.6%. […]

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