TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Thailand Elite Card Teeters on the Edge

Category: Tourism, Posted:03 Aug 2009 | 08:59 am

Six years in and less then 3,000 members later, Thailand Elite the brainchild of former Prime Minister Thaksin Shinawatra who targeting over 100,000 members in just the first year is teetering on the edge of financial collapse. With losses well over one billion Baht the Cabinet is set to shortly decide whether to close the scheme, privatize or else move it over to the Tourism Authority of Thailand.
Reports in the media have said that it remains doubtful the fund will be terminated as legal actions and substantial liability could incur massive debt in a current economy which is struggling with a downturn. Other options are being studied but for now what was hailed as a key pilot program in attractive overseas investors and high net worth individuals remains an ill advised marketing gimmick which had little financial long term fundamentals.

Other News

Read more

Banyan Tree Phuket Launching New Oceanview Branded Residences

Category: Real estate, Posted:10 Nov 2022 | 12:20 pm Phuket’s Banyan Tree is rolling out two new products under their Grand Residences estate. Ten premium oceanview villas are priced in the THB100-150 million range and 40 seaview condominiums with median pricing of THB85 million. Located within the Laguna Phuket integrated destination resort, the group is expected to bring more real estate products to the […]
Read more

Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
Read more

Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
SiaJai logo

Thailand's Leading Homecare Marketplace