consumption from government subsidy to the low-income citizens and local tourist promotion. Meanwhile, internal and external factors that affect the Thai economy are the inconclusive trade war between the US
, especially in manufacturing and tourism sectors, has marred deep by such dilemmas. Tourism industry has reported a dramatic decline of tourist arrivals and the rise of hotel booking cancellation during high
deep by such dilemmas. Tourism industry has reported a dramatic decline of tourist arrivals and the rise of hotel booking cancellation during high season. The Company’s management has primarily evaluated
tourists, which has increased up to 45 percent or 10 million in the past 5 years and is still growing. The Company aims the rapid growth so that it is interested to invest in the tourist business which is
so that it is interested to invest in the tourist business which is one of the outstanding business and one of the development plan to develop digital innovation business. In addition, Hero Experience
global economy 2.) tourism sector growth with an exceptional 12% YoY increase in tourist arrivals for the first six months of the year, especially Chinese, Russian and Indian tourists 3.) recovering
of tourist arrivals exhibited a slow growth, increasing 2.8% from the same period last year resulting from 1) low base effect of last year from the Phuket boat incident 2) exemption of visa on arrival
tourist arrivals exhibited a slow growth, increasing 3.5% from the same period last year resulting from 1) low base effect of last year from the Phuket boat incident 2) exemption of visa on arrival fee and
continuingly increase of number of tourist arrivals increasing in 3Q19 shows a good sign even if the Baht currency continues appreciating. Unit: Baht million 3Q19 3Q18 Change 9M19 9M18 Change Hotel business 794