TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

What Happened To Foreign Ownership Rule Change?

Category: Hotels, Posted:06 Aug 2010 | 06:00 am

Last year there was much optimism in the hotel sector back of the ASEAN Economic Community guidelines for sweeping ownership reforms what would provide majority control of hotel investments in the country.
While Thailand has formally committed to this to be implemented by 2015, there is word the Board of Investments is looking to spur the service industry.
Currently in the service sector foreign investment is limited to 49% and will be raised to 70% under the ASEAN initiative. Land ownership for hotels owned by overseas interests remains a contentious issue.
Liberalization of the hotel investment sector and related service industry would spur growth in what is now becoming an increasingly domestic dominated playing field.
For now eyes are on the BoI on when and how initiatives will be introduced.

Other News

Read more

Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
Read more

Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
Read more

Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]