Thai Real Estate Giant Bets Big On Tourism Rebound With $3.2 Billion Growth Plan
Courtesy of Asset World Corp.
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This story appears in the July 31, 2021 issue of Forbes Asia. Subscribe to Forbes Asia
Flush with cash from one of Thailand’s biggest IPOs, Asset World Corp. CEO Wallapa Traisorat is building new hotels and refurbishing tourist landmarks in hopes of a post-pandemic boom.
With Covid-19 still keeping foreign tourists away from Thailand’s pristine beaches and bustling cities, leaving more than 80% of hotel rooms unoccupied, one would expect the CEO of one of the country’s largest developers of hospitality, retail and office properties to hunker down. Instead, Wallapa Traisorat, CEO of Asset World Corp. (AWC), has mapped out a 100 billion baht ($3.2 billion) five-year growth plan to position her company for a post-pandemic tourism boom. “It’s a short-term impact that we are facing right now,” she says. “We see huge potentia
Love is all around
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St Valentine s Day is just around the corner and it s that time of the year when you have to make a choice on where you re taking your special someone to. We ve got a few suggestions for you.
The Okura Prestige Bangkok
Until Feb 28
Give your special someone the special Valentine Bear Hamper from The Okura Prestige Bangkok. Wrapped in Japanese fabrics, the hamper contains macaroons, chocolate pralines, red velvet cookies, a floral decoration and their special Okura bear. You can also opt to add a bouquet of fresh roses. The Valentine Bear Hamper is priced at B2,888 or B5,388 with the bouquet.
Kingdom under siege by flaky favourite
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A croissant craze is sweeping the nation, led by marquee restaurants in central Bangkok
published : 15 Jan 2021 at 04:00
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There s no doubt that at this very minute no other pastries are more sought after in the Kingdom than flaky and buttery croissants.
The popularity of the crescent-shaped baked good, originated from Austria, was ignited on social media and quickly adopted by pâtissiers veteran and wannabe around the country.
New baking wunderkinds specialising in croissants are popping up not only in Bangkok CBD but also at locations in the middle of nowhere in provinces such as Chiang Mai, Samut Songkhram and Ratchaburi.
The management of The Okura Prestige Bangkok is pleased to announce that the hotel’s Elements restaurant has been awarded a MICHELIN Star for the fourth consecutive year, once again earning a place in the fourth edition of the MICHELIN Guide Thailand 2021 covering Bangkok, Chiang Mai, Phuket & Phang-nga.
Elements has developed a reputation for serving finely prepared gourmet French cuisine with seasonal Japanese influences. The restaurant is helmed by Chef de Cuisine Hans Zahner, who oversees tasting menus that are refreshed regularly to take full advantage of premium seasonal ingredients from around the world.
Commenting on the award, Mr. Niek Hammer, General Manager of The Okura Prestige Bangkok, said, “Maintaining a MICHELIN star, the despite all the challenges faced this year, is a magnificent accolade for Elements. On behalf of Chef Hans and his team I would like to thank MICHELIN for recognizing that standards at the restaurant remain world-class and that our commitment t