growth of food business. For hotel business, the Company still plans to open the new hotels. However, the hospital industry in Thailand may remain under pressure due to the strong Thai Baht that adversely
15.5 trillion (approximately US $455 billion). The value of Thailand’s exports in 2017 surged by 9.7 percent, the highest growth rate in six years, to US $235 billion, expanding every quarter for all key
inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5
investment picked up in line with the improved economic outlook, and with additional support from the government investment project even in this quarter its growth was lower than the assessment as the delayed
should continue to be accommodative so that the economic growth could continue and translate into the strengthening of domestic demand. Notwithstanding this, there are pockets of risks, such as debt
was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade
half of the year. Against the backdrop of the global trade slowdown and uncertainty over US trade policy, merchandise exports in 2018 expanded by 7.7 percent, down from 9.8 percent growth in 2017
, Revenue from Hotel Business was THB 1,298 million, an increase of 1.6% yoy, mainly from continuing growth in owned hotel in overseas even adverse impact from FX translation and revenue from Elite Havens as