300 baht tourism fee

Provincial officials on the southern island of Phuket say the return of tourists has raised income levels and created more jobs. According to a Bangkok Post report, the return of international tourists has started to revive the island’s economy and reduced unemployment across Phuket. Data shared by Phuket governor, Narong Wunciew, reveals that since the launch of the Phuket sandbox scheme on July 1 last year, the island has welcomed 503,468 visitors in the 304 days to April 30. The tourists stayed an average of 8 nights, spending around 55,000 baht each. This means a total spend of 28.19 billion baht, with 66.82 billion baht circulating in the island’s economy. In 2019 Phuket was averaging nearly 1 million travellers per month. According to academic Chayanon Phucharoen, from the Faculty of Hospitality and Tourism at Prince of Songkla University, the unemployment rate in Phuket was 11% during the second quarter of 2021, with around 40,000 people unemployed. During the third … [Read more...] about Things looking up in Phuket following return of international tourism

After Pattaya’s famous Walking Street welcomed back visitors last month for the first time since Covid-19 broke out, the city’s officials have put in a big budget to give the street a ‘ makeover ‘. Pattaya city officials announced yesterday that the city has now spent 13 million baht on road repairs for the street, and these repairs are expected to be finished in August. The project’s contractor, D.D. Infrastructure, said that it has already made a lot of progress, and expects to finish the repairs by mid-August, or 150 days within the allotted funding of 13,249,000 baht. Pattaya’s authorities plan to transform the pavement to attract international visitors, now that many of Thailand’s travel restrictions have eased. Yesterday, local media said that electric wires on walking street were moved underground, leaving several construction materials on the street. This reportedly inconvenienced many locals and tourists alike. Earlier this month, Pattaya police paid a visit the … [Read more...] about Pattaya officials say Walking Street should be repaired by August

Share to Twitter Share to Linkedin Wellness tourism has boomed globally to a massive $793.2 billion dollar industry expected to grow to $1,672.2 billion by 2030. The demand for wellness destinations comes from a greater awareness of physical and mental wellness which has become a priority for travelers. Traditionally, wellness destinations seemed to be more exclusive and remote in areas like Southeast Asia and India but more and more resorts have popped up in North America exclusively focused on wellness in addition to popular resorts adding dedicated wellness programming. Castle Hot Springs in Arizona opened in 2020 on a 1,100-acre property centered around rejuvenating geothermal hot springs that have been naturally forged into the land over 13,000 years and flow at a clip of 200,000 gallons each day. The entire resort is focused on nourishing the mind, body, and soul by maximizing the benefits of the hot springs’ unique mineral mixture – particularly … [Read more...] about The Best Wellness Destinations To Visit This Year

PHUKET: To help tour operators capitalize on the changing demographics of clients on Phuket’s famed Soi Bangla, which has piqued the curiosity of families and tour groups over the past few years, Patong Dine & Show brings the party street Southeast Asia’s first combined interactive Vegas-style show and discotheque – Illuzion. With a 4-million-baht sound system, a 70sqm LED screen and millions of more baht spent on lights and special effects, the about 244mn-baht complex will get started with a whole lot of razzle-dazzle at its grand opening on December 19. “This is probably the best setting you can find in Thailand, not only Phuket, because of the special effects, the sound system and DJs,” explained Patrick Catellani, CFO of Patong Dine & Show and Co-Founder of Hollywood World Entertainments. “We know that only as a disco it would be successful, but we want to add on the core product, which is the show.” Similar to the Coco Bongo Show and Disco in Mexico’s prime party … [Read more...] about Illuzion show and discotheque to transform Phuket’s nightlife

Hopes of a trade deal breakthrough between Washington and Beijing have played a major part in driving China's benchmark stock index, the SSE Composite (000001.SS), up over 17% year to date (YTD). Therefore, it's not surprising to see the key Asian index suffer its largest one-day drop since February 2016 on Monday – a fall of 5.6% – after U.S. President Donald Trump fired off a Sunday tweet indicating that he plans to raise tariffs on $200 billion of Chinese goods to 25% on Friday because trade talks are moving too slowly. "We felt we were on track to get somewhere. Over the course of last week, we have seen an erosion of commitments by China. That in our view is unacceptable," said U.S. Trade Representative Robert Lighthizer, elaborating further on the president's social media threat, per Bloomberg . Fears across financial markets were somewhat alleviated later in the global trading day when it emerged that a Chinese delegation still planned to visit Washington on Thursday … [Read more...] about Inverse China ETFs Stage Breakout After Tariff Threat Tweet

Share to Twitter Share to Linkedin Marc Rich, the legendary commodities trader, fled the United States for Europe in 1983 after being indicted for trading Iranian oil during the 1979 hostage crisis and evading $50 million in taxes. From Switzerland, Rich continued to operate Marc Rich & Co. until selling the trading house to his protégés in 1994. By the time President Bill Clinton pardoned Rich on his last day in office in 2001, the company had been renamed Glencore International. Rich died in 2013, age 79, a billionaire and a free man—an example that Glencore’s next generation of fat cats now seek to follow. Including Rich (and his longtime right hand Pincus Green, now retired with an estimated $900 million) the company has birthed at least nine billion-dollar fortunes. The richest of the Glencore gang is former CEO Ivan Glasenberg, at $8.9 billion, according to the Forbes Real-Time Billionaire rankings. Others include Daniel Maté, 58, a metals trader … [Read more...] about Bribery Scandal To Cost Glencore $1.1 Billion, While Billionaire Execs Avoid Blame—For Now