Thailand

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How did the meetings, incentives, conventions and exhibitions (MICE) segment perform over 2015 and what are expectations for growth?

 

Endless white sandy beaches, inexpensive accommodation, tasty cuisine, exotic jungle treks and friendly locals have all propelled Thailand to its reputation as a quintessential tropical tourism destination, not only within the region but across the globe. Long a can’t-miss destination for Western backpackers and now an increasingly popular...

 

Business travel remains an often-overlooked market compared to the more marketable leisure travel segment, despite it packing greater dollar per day spending rates compared to other tourism subsectors. Business travel spending accounted for 23.4% of the travel and tourism industry’s contribution to GDP in 2015, which was valued cumulatively at...

 

With the introduction of nationwide 4G services following the late 2015 spectrum auctions, the IT sector in Thailand received a significant boost. Improved connectivity is increasing usage and helping the development of electronic products and services. In particular, an e-commerce boom is gaining steam (see analysis). More local app...

 

The Thai telecoms sector is transforming in a comprehensive way. Auctions were held in late 2015 that will bring new and powerful technology to the market, introduce much-needed competition to the sector and finally end the problematic concession system, which has created uncertainty and may have discouraged some investment. It is not clear...

 

In late 2015 two 4G auctions were held in Thailand and three companies, Advanced Info Service (AIS), True and newcomer Jasmine International, were awarded spectrum. With $6.4bn in bids, and an additional player being added to the market, the exercise was seen as a great success. The government will receive a considerable influx of funds, while...

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