Countries with a substantial domestic travel engine will be able to increase GDP figures and combat jobless rates better than those with more limited domestic demand reliant on inbound tourism, says STR, a hospitality market analyst. As nobody knows when the pandemic will end, the situation is precarious, with tourism restarting with the local market, […]
Read MoreDespite the outbreak, Thailand’s non-alcoholic beverage consumption in the first quarter this year grew by 1.3% in value terms, but contracted by 0.6% in volume, says market researcher Nielsen Company Thailand. Chinta Srichintangul, executive director for retail measurement services, said the top three growth categories were functional drinks, drinking water and soft drinks. In 2019, […]
Read MoreThe public health and economic crises stemming from Covid-19 are driving changes in consumer behaviour that could have long-lasting effects, according to a survey by Strategy&, the global strategy consulting unit of PwC. The survey, called “Evolving priorities: Covid-19 rapidly reshapes consumer behaviour”, canvassed more than 1,600 adult consumers in the United States to understand […]
Read MoreThe Ministry of Agriculture and Cooperatives is pushing a new policy for the export of new agricultural products. The Department of Livestock Development has been continuously coordinating with the Singapore Food Agency until they agreed to expand the scope of Thai products to include chilled poultry meat. In the past, Thailand was able to export […]
Read MoreTrueMoney Wallet, the largest prepaid electronic purse, saw leapfrog growth in March in terms of online payment and new customer acquisition as the viral outbreak ushered in a change in consumers’ spending patterns. Monsinee Nakapanant, co-president of Ascend Money Co Ltd, the operator of TrueMoney, said transaction amounts of the company’s digital wallet have grown […]
Read MoreThe economy is shrinking, businesses are closing and jobs are disappearing due to the coronavirus pandemic. But in the housing market, prices keep chugging higher. Home prices plunged during the last recession after a housing crash caused millions of families to lose their homes. Home values could start to erode again, especially when mortgage forbearances […]
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Thailand
