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Gaysorn sees 15% fall in Q4 sales; rich foreigners not spending


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#1 Sexpat

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Posted 11 February 2009 - 10:53 AM

"The operator of the Gaysorn luxury shopping centre has urged the government to develop a clear policy to draw wealthy tourists back to Thailand. Gaysorn Land Asset Management Co also calls for a far clearer plan to promote the meeting, incentive, convention and exhibition (Mice) market. . .

The three group of tourists who have not returned since the unrest of late last year are corporate visitors, who use Thailand as a regional meeting place, and tourists from Russia and the Middle East. Mrs Satima said retailers would adjust marketing and communications in line with clearer government measures to spur tourism.

Gaysorn is especially concerned about local political conditions and the global financial crisis and their impact on major luxury goods consuming markets such as Japan, Hong Kong, Taiwan and China. . .

For the first three quarters of 2008, the centre's sales grew 15% as targeted, but they shrank 15% year-on-year in the fourth quarter in line with the poor economy and political unrest."

http://www.bangkokpost.com/business/retail...s-yet-to-return



#2 UncleSam

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Posted 12 February 2009 - 11:31 AM

QUOTE
For the first three quarters of 2008, the centre's sales grew 15% as targeted, but they shrank 15% year-on-year in the fourth quarter


What did they expect when they froze the Shinawatra family's assets.

Hehehe.....

#3 wpcoe

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Posted 12 February 2009 - 01:35 PM

And, can they make up their minds? Do they want wealthy tourists to return, or do they want tourists from Russia to return? sleep.gif