Disruptive megatrends such as rapid urbanisation, climate change and volatile energy prices are transforming the utilities sector. The old centralised market is being dispersed, disrupted and digitised by agile new entrants, alternative energy sources and in-control customers. At the same time, spurred by advances in technologies such as the Internet of Things (IoT), ever-increasing amounts… Continue reading Building Smarter Next-Gen Utilities
Property developer Cissa Group and V Plast Medical Group plan to spend 3.5 billion baht for a wellness hospital and resort development, Natai Medical Center & Resort, in Phangnga to tap individual investors. Autthanop Pandkamnerd, Cissa chief executive, said the global wellness economy has a tremendous market, valued at US$4.5 trillion. For medical tourism alone,… Continue reading Wellness Hospital and Resort Project, Natai Medical Center & Resort in Phangnga
In Edgar Allen Poe’s “The Masque of the Red Death,” the kingdom of Prince Prospero has been hit by a terrible plague. After the Red Death has killed half the population, Prospero summons “a thousand hale and lighthearted friends from among the knights and dames of his court” to a secluded abbey, well-provisioned with resources… Continue reading Gig Economy Workers will keep Working through the Coronavirus. They have No Choice.
Bangkok’s office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy. Phattarachai Taweewong, associate director of research and communication at Colliers International Thailand, said the Bangkok office market has grown consistently since 2010.
Gas-rich Qatar has flung open its property market to foreigners, with a scheme giving those purchasing homes or stores the right to call the Gulf nation home. The scheme, announced in September, is the latest in a series of measures designed to diversify Qatar’s economy away from fossil fuel dependency and attract foreign capital ahead… Continue reading Qatar Woos Foreign Buyers with New Residency Rules
The lack of balance between tourism demand under the special tourist visa (STV) scheme and the number of quarantine facilities has made hoteliers lukewarm about applying for alternative local state quarantine (ALSQ) status. According to the Centre for Covid-19 Situation Administration, the number of foreign visitors is limited to 1,200 per month during the trial… Continue reading Hoteliers Chafe at Seeking ALSQ Status
Reducing the mandatory quarantine period and reopening the border safely and slowly are the keys to tourism recovery for all stakeholders as domestic demand alone is not sufficient for survival, according to Minor Hotels. Small businesses will be hurt more than big players if the borders remain closed, with the unemployment rate expected to surge,… Continue reading Safe Reopening Key to Hotels Recovery
The sharing economy is here to stay. We now live a world where Airbnb hosts more rooms in more global destinations than any major hotel chain, and Uber is competing with Google to produce the first self-driving taxi. But in the craze over collaborative consumption, when does “smart” sharing cross the line into “oversharing”?