Projects worth B36bn in the pipeline
SET-listed Asset World Corp (AWC) remains bullish on high-spending tourists and plans to invest in several projects valued at 36 billion baht this year.
Mrs Wallapa said 18 new projects worth 19 billion baht will be opened this year, including retail development, restaurants, and three hotels.
Wallapa Traisorat, chief executive and president of AWC, said Thailand has the potential to draw tourists with high expenditure from regional competitors through quality property development, especially hotels partnering with international hospitality brands.
With 35 million foreign arrivals expected this year, the average room rate might slightly decline from previous years when pandemic restrictions were loosened and room supply was limited.
However, revenue per available room…
