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Thailand’s Foreign Minister Parnpree Bahiddha-nukara shared that China and Thailand’s foreign ministers will hold consultations no much less than every year. The groundwork for this development was laid in September 2023 when Thailand initially waived visa requirements for Chinese residents, resulting in a substantial surge in vacationer numbers and a lift to the financial system. According to a BBC News report, 22,000 Chinese tourists visited the Southeast Asian nation inside the first two days of the waiver. Originally meant to last until February 2024, the 2 international locations have now agreed to make this association permanent. $ in millionsQ4 2020Q4 2019% changeFY 2020FY 2019% changeRevenue$135$181%$528$898%Adjusted EBITDA$49$55%$191$289%Margin36%30%36%32%Travel and Membership revenue decreased 25% to $135 million and adjusted EBITDA decreased 11% to $49 million in the fourth quarter. The 600 basis level increase in adjusted EBITDA margin to 36% within the fourth quarter was primarily pushed by price saving initiatives.

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