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Government's 1 Billion Baht Tourism Stimulus Package Ignores Phu

Category: Tourism, Posted:28 Jul 2009 | 09:40 am

A THB1billion baht emergency Thai Government emergency stimulus package has prioritized the "Royal Coast Tourism Development Plan" which has been approved by the cabinet, while ignoring for the most part the countries leading resort destination Phuket. The plan is targeting Phetchaburi, Prachuap Khiri Khan, Chumphon, and Ranong as areas of growth to attract high end tourism. A long term national initiative has adopted the strategy of growing these destinations due to their proximity near large metropolitan population concentrations.
Draft versions of a pending National Tourism Agenda have been recently released which focus mainly on SME loans to small cap tourism operators and businesses, reductions in aircraft landing fees and entrance to National Parks, tax benefits aimed for domestic tourism and a hotel operator tax holiday. While these initiatives have merit, there remains skepticism that the current Government has yet to show its acknowledgment of tourism as a leading proponent of GDP.

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C9 Hotelwork’s Releases Philippines Branded Residences Report

Category: Real estate, Posted:25 Feb 2024 | 19:51 pm The Philippines branded residences market is experiencing a significant maturation, impacted by urbanization and a post-pandemic shift in lifestyle changes. The market is poised for a high level of growth. C9 Hotelworks newly released Philippines Branded Residences Market Update shows a 105% increase in the pipeline, translating to an additional 5,599 units supplementing the current […]
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Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
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GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
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