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Thailand Elite Card Teeters on the Edge

Category: Tourism, Posted:03 Aug 2009 | 08:59 am

Six years in and less then 3,000 members later, Thailand Elite the brainchild of former Prime Minister Thaksin Shinawatra who targeting over 100,000 members in just the first year is teetering on the edge of financial collapse. With losses well over one billion Baht the Cabinet is set to shortly decide whether to close the scheme, privatize or else move it over to the Tourism Authority of Thailand.
Reports in the media have said that it remains doubtful the fund will be terminated as legal actions and substantial liability could incur massive debt in a current economy which is struggling with a downturn. Other options are being studied but for now what was hailed as a key pilot program in attractive overseas investors and high net worth individuals remains an ill advised marketing gimmick which had little financial long term fundamentals.

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Outrigger Acquires Luxury Beachfront Resort In Thailand

Category: Hotels, Posted:01 May 2025 | 08:01 am Outrigger Hospitality Group has acquired Zeavola Resort on Koh Phi Phi island. The beachfront property with 63 suites and villas is accessed from Phuket and is near the famed Maya Bay. Plans call for a renovation and reopening by October of this year, with the branding of the property being Outrigger Phi Phi Island Resort. […]
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Sponsorship and Exhibition Opportunities for Being Thailand 2025

Category: Hotels|Tourism, Posted:26 Apr 2025 | 19:50 pm BeingThailand 2025 is more than a wellness event – it’s a thriving community, positioning Thailand as a leading destination in the global wellbeing market. This unique new event is set for 19 May 2025 in Phuket and is a B2B ‘in-person’ experience to make connections,  hear new ideas, see the latest products, and come away […]
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Etro to Launch First Fashion Branded Residences in Thailand in Phuket

Category: Real estate, Posted:09 Apr 2025 | 19:40 pm Etro, the Italian luxury fashion house, is expanding its global presence by introducing its first branded residence in Thailand. This development represents Etro’s second branded residence project worldwide, signaling the brand’s entry into the high-end real estate market. Located in Phuket, a prominent resort destination, the Etro Residences Phuket is poised to cater to international […]
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