Artikel tagged “chinese”

  • Chinese move their purchase power away from Bangkok condo market

    Chinese move their purchase power away from Bangkok condo market

    Chinese condo buyers are veering their purchase power away from the Bangkok property market citing the strong Thai currency, overpricing and a supply glut. 2015 – 5.8 Yuan to the Thai Baht 2019 – 4.4 Yuan to the Thai Baht The rise of the baht and the weakening of the Chinese Yuan over the past four years, have culminated in a 25% softening in Chinese investment power in the Thai property market (chart from xe.com) Property consultants say that Chinese buyers are now containing their investment risk by buying into the lower-end 2-6 million baht condo market instead of the 5-10 million baht condos they were previously purchasing. At the same time the annual returns for Bangkok condominiums is reported to have dropped from 6-7% five years ago to only 3-4% in some locations in the current market

  • Chinese tourists found dead in a Chiang Mai five-star hotel

    Chinese tourists found dead in a Chiang Mai five-star hotel

    Chiang Mai police are investigating the deaths of two Chinese tourists found in the same room at a five-star hotel on Chiang Mai’s Chang Khlan Road.

  • Thailand to see rise in tourists as fallout continues in the US-China trade spat

    Thailand to see rise in tourists as fallout continues in the US-China trade spat

    Thailand may end up being a beneficiary in the ongoing US-China trade spat as mainland Chinese tourists will decide to travel closer to home or could even find it difficult to gain entry into the US. The Tourism Authority of Thailand is monitoring the situation to see if Beijing blocks Chinese tourists from making trips to the US.

  • Phoenix goes up for auction, starting price 900,000 baht

    Phoenix goes up for auction, starting price 900,000 baht

    The notorious and ill-fated tour boat Phoenix , which sank off Phuket last July killing 47 Chinese tourists, is among 48 items that the Anti-Money Laundering Office will auction off this Wednesday at its head office. At the time, many of the dead were retrieved from the boat, though its crew and captain escaped unharmed via life rafts, leaving many passengers on board as the boat sank during a sudden storm. The incident was followed by a sharp drop in Chinese visitors to Thailand, particularly Phuket

  • Chinese travellers heading to more non-Asian countries for holidays

    Chinese travellers heading to more non-Asian countries for holidays

    More Chinese are now travelling further and taking in non-Asian destinations during this week’s Labour Day holidays, according to Hotelbeds, a leading hotel booking website. Monitoring holiday bookings made by Chinese, Hotelbeds said 10 to the top 30 destinations were outside of Asia compared with just three destinations a year earlier

  • Prayut tentatively embraces China’s Belt and Road strategy for Thailand

    Prayut tentatively embraces China’s Belt and Road strategy for Thailand

    Thai PM’s appearance at the second Belt and Road Initiative forum in Beijing last weekend suggests the luke-warm relations between China and Thailand persist.

  • UPDATE: 25 year old Canadian dies after falling from Chiang Mai zipline ride

    UPDATE: 25 year old Canadian dies after falling from Chiang Mai zipline ride

    PHOTO: chiangmainews.co.th A 25 year old Canadian tourist fell to his death yesterday after a zipline ride failed in Chiang Mai. Police say the tourist fell to his death while riding a zipline in the forests at the Flight of the Gibbon in Mae Kam Pong.

  • Pattaya city officials investigate Big Buddha Hill makeover

    Pattaya city officials investigate Big Buddha Hill makeover

    PHOTO: Pattaya Mail Having cleared encroachments around Big Buddha Hill’s Chinese shrine, Pattaya officials are now investigating options for the cleared land.

  • Police raid illegal Chinese call centre in Chalong, Phuket

    Police raid illegal Chinese call centre in Chalong, Phuket

    FILE PHOTO A total of 16 Chinese nationals, 13 men and 3 women, have been arrested in Chalong, over the alleged  operation of a call centre scam which targeted Chinese victims. Officers believe that the operation started sometime in the middle of March. The 16 were arrested at a  housing estate on Moo 1, Chalong, southern Phuket, yesterday morning.

  • Top 5 Phuket (and Thailand) hotel trends for 2019

    Top 5 Phuket (and Thailand) hotel trends for 2019

    by Bill Barnett Moving through high season in 2019, hoteliers are starting to look for strategies for the rest of the year in order to not be reliant only on volatile mass markets. The following is C9 Hotelworks read on key trends for the year