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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

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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]