THE cabinet today (Nov. 23) extended the application for soft loans by hotels and related supply chain businesses to undertake renovation after closure during the Covid-19 pandemic till June 2023, Matichon newspaper said. Finance Minister Arkhom Termpittayapaisith said the Cabinet had approved the extension of the low-interest loan programme from September this year till
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Thai, foreign investors eager to buy hotels in Bangkok, major tourist cities
AS a result of tourism having improved in the first half of this year both Thai and foreign investors are now keen on buying hotels in Bangkok and four key tourist cities, Phuket, Samui, Pattaya and Chiang Mai, with several deals having already been concluded, Matichon newspaper today (July 27). Mr. Phattarachai Thaweewong, research director
Read moreCash-strapped small hotels in Phuket appeal for help
SMALL hotels in Phuket are facing dire financial problems with several having been seized by financial institutions that have put them up for sale while 200 others are in the process of being seized by the Legal Execution Department, Thansettakij newspaper said today (July 13). Around 50 small hotel owners held a protest at
Read moreSongkhla hoteliers complain border reopening has not helped
DESPITE THE Sadao immigration checkpoint in southern Songkhla province having reopened after two years on Apr.l 1 hoteliers complained today (Apr. 7) that this has not helped them because the entry barriers and cost to their province are higher than Phuket, Krabi, Phang Nga and Koh Samui, Matichon newspaper said. Mr. Siwat Suwanwong, president of
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