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Siam Piwat Co Ltd, has unveiled a four-pillar strategy it says will help boost its strengths as Thailand’s leading real estate and retail developer and maintain its leadership as a developer of global destinations, as part of its move to underpin the…
Known as the “Vegas of Asia”, Macau’s economy has traditionally relied on gambling as its primary source of revenue. But the world changes and both the government and independent traders have seen the need to diversify as the economy can’t rely on casino…
Vietnam was one of the 10 favorite destinations for Australian tourists in July, according to the Australian Bureau of Statistics. Over 18,500 visited Vietnam during the month, a 44% increase from the previous month. New Zealand topped the list of favorite…
China Tourism Group Duty Free Corp is aiming to raise up to $2.16 billion through a new listing in Hong Kong, according to a term sheet reviewed by Reuters, in what will be the largest share sale in the city so far this year. Shanghai-listed China Tourism is…
Hit hard by the successive waves of Covid-19, hotel owners in tourism hotspot Nha Trang are putting up their properties for sale on realty forums. They have price tags of VND20-300 billion ($0.9-13 million), but are mostly in the VND30-70 billion range. Most…
Tourism companies see a proposed plan to gradually resume international flights as a necessary first step for their sector to recover from the pandemic-inflicted slump. Nguyen Minh Man, head of marketing at the HCMC-based TST Tourist Co., said that a slow and…
Vietnam’s third Covid-19 outbreak last month has exacerbated the problems of low occupancy and plunging revenues for hotels and resorts nationwide. Average daily rates in October slumped 25 percent year-on-year, said Mauro Gasparotti, director of real estate…
Hundreds of parked tour buses are gathering dust at a northern Hong Kong container port, having been off the road for 10 months since authorities banned non-resident arrivals into the city due to the new coronavirus. The area has turned into a “bus cemetery,”…
Vinpearl Jsc, the hospitality and entertainment arm of conglomerate Vingroup, saw first-half losses triple year-on-year due to the impacts of the coronavirus pandemic. The operator of premium resorts and theme parks recorded a loss of nearly VND5.1 trillion…
Vietnamese tourism companies are not enthused about the possibility of flight resumption to six Asian destinations because they don’t expect large numbers of tourists to board these flights. Nguyen Cong Hoan, deputy CEO of Hanoi Redtours, said that flights to…
AirAsia is set to grow its medical tourism business by providing charter flight services from Indonesia, giving patients and medical tourists from Indonesia greater access to medical treatments and health services in Malaysia. On August 14, AirAsia welcomed…
Macau souvenir bakery Koi Kei Bakery, known for its peanut brittle and almond biscuits, will be closing its Hong Kong branches in Tsim Tsa Tsui, Causeway Bay and Mong Kok this Saturday, leaving the airport outlet (pictured) its sole remaining store in the…
Nippon Passport has raised ¥200 million (US$1.82 million) in pre-series A funding, led by private investors and business companies through a third-party allotment. In response to the Japanese government’s target to attract 60 million foreign tourists annually…
As the hordes of mainland Chinese tourists who used to descend on the prime shopping districts of Paris have dried up within just a fortnight, luxury brands are beginning to plan staff layoffs and other strategies to reduce costs. With the rapid spread of the…
Visitors to the launch enjoyed a 360-degree view of Gunung Machinchang, one of the island’s most popular mountains and tourist destinations, using a cable car gondola and a virtual reality (VR) experiential zone. A camera that was installed at the Langkawi…
Vietnam will cut down 75 percent of its marine plastics and stop generating plastic waste in coastal tourist areas by 2030, the government says. Prime Minister Nguyen Xuan Phuc has issued a national action plan on the management of plastic waste in the ocean…
