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

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more