The Tourism Authority of Thailand this week launched its “White Vest” tourism campaign this week, based on intensive training to promote safety, hygiene and world class customer service at tourist spots throughout the country. Those who pass the campaign will be awarded a white vest and a certified ID badge that they can wear to signify to all tourists, both foreign and domestic, that they are highly trained in customer service and safety and hygiene skills. The TAT is starting the newest campaign with training beach vendors, including chair and bed vendors, across the country. Tourists will be instructed to look for vendors wearing the vest as this will signify they have passed the intensive training courses. The Minister of Tourism and Sports says the initiative is the first effort to improve the Thai tourism sector in the post-Covid era, before the country fully reopens to international visitors. A TAT press release says: “The campaign will target individual tourism … [Read more...] about TAT launches “White Vest” tourism campaign
Tourism revenue in sri lanka
Share to Twitter Share to Linkedin With its shares down about 93% from their 2014 high, can Bed Bath & Beyond BBBY execute a turnaround plan before it burns through its cash? That’s the question that comes to my mind after the retailer reported a 28% drop in revenue and a loss that topped expectations in its August-ending quarter. The primary reason for the sorry condition of this retailer is a failed bet that a private label strategy that helped turn around Target TGT would boost BBBY’s growth. The Wall Street Journal reports that as of mid-September, about 39.3% of its float is sold short — a considerable wager that BBBY’s shares have further to fall. That looks like it could be a profitable bet. (I have no financial interest in the securities mentioned in this post). BBBY’s Bad Fiscal Q2 Report BBBY sales dropped 28% and it reported a bigger than expected loss in the fiscal second quarter. According to CNBC , the … [Read more...] about After 28% Drop In Revenue, Bed Bath & Beyond Stock Needs A Markdown
Automobile dealers are set to clock their fastest revenue growth in three fiscals with sales accelerating 20-25 per cent year-on-year on the back of 12-14 per cent volume growth, a report said on Wednesday. This will be aided by increasing preference for personal mobility, higher economic activity, easing supply-side constraints, shift in product mix towards higher priced vehicles, and price hikes of 5-7 per cent, Crisil Ratings said in its report. According to the report, higher vehicle sales and greater contribution of the more-profitable ancillary revenue to 10-12 per cent of total income in the current fiscal from 8-9 per cent last fiscal will help stabilise operating margin at 3-5 per cent as compared to 4 per cent in fiscal 2022. This could lead to healthier credit risk profiles, a study of 113 automobile dealers rated by Crisil Ratings showed. Ancillary revenue includes revenue from service, spare parts and insurance. Retail auto registrations, which plunged in FY21 and … [Read more...] about Automobile dealers to clock their fastest revenue growth in three fiscals: Report
Share to Twitter Share to Linkedin A new report from American Express Global Business Travel (Amex GBT) predicts that hotel rates will rise across the board in 2023. That should surprise nobody, given high inflation rates around the world and the continued pent-up demand for travel in this third year of the Covid-19 pandemic. Yet the rate of hotel price increases will differ dramatically from destination to destination, say the report’s authors. Hotel rates — like airfare and pretty much everything else — are largely based on supply and demand. Due in part to the ongoing skills and labor shortage, room supply is not keeping up with pent-up demand. Here are the cities where hotel rates will jump the most next year. Buenos Aires: Hotel Prices to Rise by 30% The report’s standout destination — and not in a good way — is Buenos Aires, where hotel rates will jump by a whopping 30%, according to the Amex report. Think inflation is bad in the … [Read more...] about Hotel Prices Will Jump By 30% In This City Next Year, Study Predicts
Share to Twitter Share to Linkedin [Note: Nike FY 2022 ended May 31, 2022] Nike’s stock (NYSE: NKE), a company designing, developing, and marketing footwear, apparel, equipment, and accessory products, is scheduled to report its fiscal 2023 first-quarter results on Thursday, September 29. We expect Nike’s stock to trade higher due to revenues and earnings beating expectations. While the athleisure giant is grappling with supply chain constraints and a slower-than-expected recovery in China - it still continues to see robust demand from consumers. The Covid-19 pandemic has accelerated Nike’s efforts to become more self-sufficient by operating more of its own stores and expanding its own online shopping presence. That said, 40% of its revenue now comes from sales made directly to consumers (Nike Direct) rather than via wholesaling, and Q4 2022 online sales were up a large 18% on a currency-neutral basis. We expect this trend to continue into the upcoming Q1, … [Read more...] about What To Expect From Nike’s Stock Post Q1?
Share to Twitter Share to Linkedin We believe DexCom stock (NASDAQ NDAQ : DXCM) is currently a better pick than Abbott stock (NYSE: ABT), given its better prospects. Although Abbott is trading at a comparatively lower valuation of 3.8x trailing revenues vs. 12.3x for DexCom DXCM , this gap in the valuation is largely justified given DexCom’s superior revenue growth and lower financial risk, as discussed below. If we look at stock returns, ABT, with a 30% fall this year, has fared better than a 39% decline for DXCM stock, but both have underperformed the broader S&P 500 index, down 23%. There is more to the comparison, and in the sections below, we discuss why we believe DXCM stock will offer better returns than ABT stock in the next three years. We compare a slew of factors such as historical revenue growth, returns, and valuation multiple in an interactive dashboard analysis Abbott vs. DexCom : Which Stock Is A Better Bet? Parts of … [Read more...] about This CGM Device Maker Is Likely To Outperform Abbott Stock
Share to Twitter Share to Linkedin Vertex Pharmaceuticals stock (NASDAQ NDAQ : VRTX) has seen a 33% rise this year, significantly outperforming the broader S&P500 index, down 23%. Even if we look at the longer term, VRTX stock, with 72% returns from levels seen in late 2018, has outperformed the S&P 500 index, up around 50%. VRTX stock now looks fairly valued at around $290, as discussed below. This 72% rise for VRTX stock since late 2018 can primarily be attributed to 1. Vertex Pharmaceuticals’ revenue rose a significant 253% to $8.4 billion over the last twelve months, compared to $2.4 billion in 2018, partly offset by 2. a 53% fall in the company’s P/S ratio to 8.7x trailing revenues currently, compared to 18.4x in 2018, and 3. a 0.5%% rise in its total shares outstanding to 256 million. The increase in revenue and a rise in shares outstanding has meant that Vertex Pharmaceuticals VRTX ’ revenue per share rose 251% to $32.66 … [Read more...] about What’s Driving Vertex Pharmaceuticals Stock Higher?
Share to Twitter Share to Linkedin We believe that Boeing stock (NYSE: BA) is currently a better pick than Lockheed Martin stock (NYSE: LMT), given its better prospects. Although Lockheed Martin LMT is the more expensive of the two, trading at 1.7x trailing revenues compared to 1.3x for Boeing BA , this valuation gap is largely justified given Lockheed Martin’s superior revenue growth and profitability, as discussed below. Looking at stock returns, LMT has significantly outperformed BA and the broader indices. While LMT is up 11% YTD, BA is down 35%, and the S&P500 index is down 23%. BA stock has been weighed down due to supply chain disruptions impacting its production rate. There is more to the comparison, and in the sections below, we discuss why we believe BA stock will offer better returns than LMT stock in the next three years. We compare a slew of factors such as historical revenue growth, returns, and valuation multiple in an … [Read more...] about Here’s A Better Pick Over Lockheed Martin Stock
- A + A HONG KONG (Sept 30): Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new licence, analysts and executives say, unleashing possibly the biggest shakeup in the world’s largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau’s government has said, as Genting Malaysia Bhd goes head-to-head with the six concessionaires Sands China, Wynn Macau, Galaxy Entertainment, MGM China, Melco Resorts and SJM Holdings as their concessions expire at year-end. Headed by Malaysian Chinese billionaire Tan Sri Lim Kok Thay, Genting has casinos globally including in Malaysia, Singapore, the US and the UK. It does not currently operate in Macau. The stakes are high for Macau and the six gaming firms, which have operated in the Chinese special administrative region since 2002. If one of the incumbents lost their licence it's likely to send tremors throughout Macau’s gambling industry … [Read more...] about Genting aims to upend Macau casino landscape in bidding war
Share to Twitter Share to Linkedin XpresSpa Group (NASDAQ: XSPA) stock has been galloping after the company got the nod to conduct Covid-19 tests at the airports. And the company’s recent $40 million capital raise should give it the flexibility to deal with a possible Covid induced recession. The company has gained a massive 17x since mid-March but the company’s existing business model - which includes spa services at airports - will remain under considerable pressure in the near- to mid-term due to the travel restrictions imposed across the globe. A Covid recession will impact the company’s revenues, cash flows, and other liquidity reserves. Trefis analyzes the Impact Of The Covid-19 Recession On XpresSpa in an interactive dashboard with a focus on the company’s liquidity reserves and concludes that the recent direct equity offering of $40 million should be more than enough for the company to tide over the Covid recession. We estimate that a … [Read more...] about Does XpresSpa Have Enough Liquidity To Survive A Covid Recession?