Responding to the Free Visa policy, China and India receive foreign purchasing power.

Veranda Resort Public Company Limited or VRANDA responds to the policy of free visa (Free Visa) for Chinese and Indian tourists. Stimulating the economy of the new government to promote Thai tourism during the high season at the end of this year Pointing out that it is good for the hotel and resort business. including the real estate market for sale Preparing to launch a new project “Veranda Luxury Villas & Suites” in Phuket Province. The project value is approximately 900 million baht to support foreign purchasing power.

Mr. Weerawat Ongvasit, Chief Executive Officer of Veranda Resort Public Company Limited or VRANDA, a leader in the hotel business. Resort and real estate development Exclusive Leisure Lifestyle revealed that from the new government led by Prime Minister Settha Thavisin wants to stimulate the economy with the tourism sector in the 4th quarter of 2023. or during the upcoming high season with the "Free visa" policy for Chinese and Indian tourists. To encourage more tourists from these 2 countries to travel to Thailand. It is seen as a positive outcome for the hotel and resort business sector that will benefit from the policy to stimulate the economy through the tourism sector. which can be promulgated quickly without having to use a large budget

This is from the proposal of airline operators. Want the government to reduce the rate of excise tax collection on jet fuel for domestic routes to 0.20 baht per liter as a measure to help airlines during the COVID-19 pandemic. After returning to collect the original rate of 4.726 baht per liter from July 1, 2023, the past is expected to help encourage other national tourists. More travelers come to Thailand during the high season of this year as well.

VRANDA Chief Executive Officer further said that SO Bangkok (SO Bangkok) has now benefited from an increase in Chinese tourists arriving in Thailand after the second quarter, with the proportion of Chinese tourists increasing close to Korean tourists, which accounted for the proportion. No. 1 at 15% from the first half of the year when the proportion of Chinese tourists was less than 5%.

However, the number of Chinese tourists in the first half of 2023 has only 1.5 million Chinese tourists traveling to Thailand, with the target set by the Ministry of Tourism and Sports for the entire year at 5.3 million, which may be caused by many factors. Both the matter of the government of China having a policy to encourage people to travel within the country for economic reasons. or the visa application process is quite long Including a visa fee of approximately 2,000 baht per person, but I believe that if Thailand opens up a free visa (Free Visa) to Chinese tourists, it will be an incentive for Chinese tourists to decide to travel to Thailand as their first goal, which will have a beneficial effect on Veranda Resort Pattaya and Veranda High. Resort Chiang Mai, which has Chinese as the number one proportion of foreign tourists.

It is also good for the real estate market. Especially real estate In Phuket Province, which mainly focuses on the foreign market, after the COVID-19 situation has resolved, the Phuket real estate market is highly sought after by foreigners. Recently, VRANDA has plans to launch a new project, “Veranda Luxury Villas & Suite.” Luxury villas on an area of 7 rai near Cape Panwa, consisting of 12 Luxury Suites and 6 Luxury Villas, total project value approximately 900 million baht, coming soon. This project is located next to 'Veranda Resort Phuket Autograph Collection'. A new hotel on an area of over 10 rai, with a project value of over 1.3 billion baht, construction began in November 2022 and is expected to be completed in the 4th quarter of 2024, when tourism is expected to fully recover. The project will be able to attract foreign customers who want to have vacation homes in Phuket very well.

Source: Thai News Agency