aligned with the Company’s strategy to invest in hotels and resorts in prime tourist destinations. o Target Group Hotels and Resorts are projects with high potential and located in countries with further
from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The
Transport Association). In terms of the Thailand tourism industry in the second quarter of 2018, the number of international tourist arrival to Thailand increased by 9.1 percent, compared to the same period
Association, IATA) For Thailand Tourism in the first quarter of 2020, international visitor arrivals ( IVA) decreased 38. 0 percent. The biggest drop was from East Asia at 54.4 percent while China dropped
driven by global trade recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals especially
channel, such as sales from schools, airlines, hotels, clubs/bars, and restaurants especially in the tourist areas impacted from the COVID-19 in March. Dairy portfolio adjustment also contributed to sales
customers. The number of daily foreign tourist arrivals through 5 major airports decline by dropping 63% from the same period last year. (source: International Tourist Arrivals to Thailand January-March 2020
debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The
domestic seaweed snack market due to our consistent marketing strategies. However, sales for tourists especially the Chinese tourist consumers decreased when compared to the same period of the previous year