Thai tycoon's property unit, Asset World Corp, anticipates record-high hotel earnings due to international tourism boom.
Thai tycoon's property unit Asset World Corp, controlled by the country's richest man, expects record-high hotel earnings due to a boom in international tourism. CEO Wallapa Traisorat cites over 80% occupancy rates for the company's hotels, surpassing the 65% peak in the fourth quarter. Revenue per available room has reached new heights this year, especially as Chinese visitors return.
March 26, 2024
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