Hong Thai Halts Branch Services To Cut Costs

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-10-26 HKT 21:31

Share this story

facebook

  • An announcement on Hong Thai's website says services at its branches had been suspended since August 1.

    An announcement on Hong Thai's website says services at its branches had been suspended since August 1.

Hong Thai Travel said it had suspended all branch services until further notice, to cut costs during what it described as a "dark tunnel with no end in sight".

An announcement on its website said the branches had been closed since August because of the pandemic. But the travel agency explained on Wednesday that it is trying to minimise costs to stay afloat.

The travel agency said the government's decision to replace mandatory hotel quarantine with three days of medical surveillance last month had brought a bit of hope for the tourism sector, but added the move was not enough.

"After more than two years of [the] pandemic, the travel industry seems to have entered a dark tunnel that has no end in sight," Hong Thai said in a statement.

It pointed out that a lack of income has forced many staff to leave the industry, adding that many travellers now prefer to plan their own trips.

The company said it will run at the lowest cost possible until all border restrictions are lifted.

It added that affected employees will be put on furlough.

RECENT NEWS

Fraud & AML In Asia: What Banks Need To Know In 2026

Fraud and AML in Asia have shifted over the past year. Alongside the system-level attacks that continue, panellists poi... Read more

Hong Kongs Total AUM Hits Record HK$42.2 Trillion In 2025

According to the Securities and Futures Commission (SFC), Hong Kong’s total assets under management (AUM) reached a r... Read more

Hyundai Card Leverages Apple Pay To Target Gen Z Users

Hyundai Card launched six new debit and hybrid cards tailored to Apple Pay users in April. The South Korean issuer is t... Read more

DBS And Samsung Securities Partner For Global Wealth Expansion

DBS has signed a MoU with South Korea’s Samsung Securities to establish a strategic partnership in wealth management.... Read more

RedotPay Selects OpenPayd For Treasury Operations And Global Remittances

RedotPay has selected OpenPayd to enhance its treasury operations and cross-border remittance services. The company wil... Read more

JCB Rolls Out Contactless Transit Payments Across Taipei Metro

JCB has rolled out contactless payment acceptance on the Taipei Metro. The integration allows cardholders to tap physic... Read more