Majority of Thais will use mobile to book flights and hotels
A recent Expedia survey found that Thai travelers are more likely to book hotels and flights with their mobile phones, of those surveyed 70 percent of respondents said they were likely to book a hotel using a mobile device, 18 percent somewhat likely and 12 percent least or not likely. While 67 percent said they were extremely likely to book a flight using a mobile device, 18 percent somewhat likely and 15 percent not likely. A new market research study shows that mobile users in the region will account for half of global app installs by 2020, three times more than in any other region.
Ongoing trade tensions and rising labor costs have seen Chinese firms migrate to Thailand and Southeast Asia. Chinese companies are looking to the Eastern Economic Corridor and other economic zones in Thailand that offer special benefits including land purchase in addition to lower labor costs. A property consultancy firm indicates that Vietnam, Thailand and Malaysia are the primary benefactors of manufacturers moving out of China and that Thailand and Malaysia both have a mid-tech workforce now costing 60 per cent lower than in China, compared to 33 per cent in 2010. China was also a huge source for exported Thai fruits and vegetables with shipments to China rising by 31 percent year on year from January to May. Exports were boosted by the Asean-China Free Trade Area which has benefitted the country’s fruit and vegetable exporters since its implementation in 2003. China is the third biggest export market after Hong Kong and Chile.
The Customs Department plans to add three more countries to the National Single Window (NSW) electronic exchange system; Myanmar, Cambodia and the Philippines. The system allows importers and exporters a single system to handle customs formalities for 27 agencies. This reduces the amount of time and increases the efficiency of importing and exporting in a paperless system. New systems and increased investment in infrastructure saw Thailand surge