Siam Wellness Group Public Company Limited, along with its subsidiaries, operates spa services businesses in Thailand. It has three segments: Spa Services; Sales of Spa Products and Healthy Products; and Hotel and Restaurant. The company operates various spa and wellness brands, including RarinJinda Wellness Spa, Let's Relax, Baan Suan Massage center, Stretch me Clinic, Wellnessme clinic, RarinVillas, a restaurant under the Deck One name, OHB cafe and meal, Let's Relax Lifestyle, and Dr.Spiller. It also manufactures and distributes spa products, invests in spa businesses, and provides nutritional health and beauty consulting and management services. Incorporated in 2001, it is headquartered in Bangkok, Thailand.
Tourism and Sports Ministry postpones 'Thai Tiew Thai Plus' 4-billion-baht scheme to April 2027, pressuring tourism stocks lower
The Ministry of Tourism and Sports has postponed the implementation of the Thai Tiew Thai Plus scheme, worth 4 billion baht, from its original date of 1 October 2026 to around April 2027, and will not bring the matter before the Cabinet within this September. According to Minister of Tourism and Sports Surasak Phanchareonworakul, the majority opinion was that the budget should be pooled and rolled out during the low season to deliver the greatest benefit to the economy, and he confirmed that a budget framework for the project is already in place. The delay pressured tourism stocks to reverse from gains into declines, with ERW down 4.15%, falling 0.16 baht to trade at 3.70 baht, CENTEL down 2.84%, falling 1.25 baht to trade at 42.75 baht, MINT down 1.84%, falling 0.40 baht to trade at 21.30 baht, and SPA down 1.33%, falling 0.04 baht to trade at 2.96 baht. TTBE Wealth sees this in the short term as negative sentiment for the hotel group following earlier speculative buying, but expects second-half profits to still grow, and views the postponement of the stimulus measure to the low season as more beneficial for the hotel group, still favouring ERW, CENTEL and MINT.
Thailand Travel Thailand Plus 2026 opens registration 1-25 October via Paotang, 1 million slots
The Thailand Travel Thailand Plus 2026 programme has had its latest conditions approved by the Ministry of Finance and the Ministry of Tourism and Sports. Registration will open from 1 to 25 October 2026 through the Paotang application, with a total of 1,000,000 slots, and the programme will be submitted to the Cabinet for approval soon. For the accommodation subsidy, the government pays the actual cost of accommodation up to a maximum of 1,500 baht per night, capped at 5 nights per person, amounting to a maximum accommodation discount value of 7,500 baht. The electronic travel coupon is a co-payment model, with the government paying 50% and the public paying 50%. For travel to main cities, the government supports a coupon worth 1,500 baht per entitlement, and for travel to secondary cities, the government supports a coupon worth 2,000 baht per entitlement. If there is spending in a secondary city area at least once, the system will immediately adjust the limit up to 2,000 baht. The travel period for using the entitlement runs from 1 November 2026 to 28 February 2027, divided into Phase 1 from 1 November to 15 December 2026 and Phase 2 from 16 January to 28 February 2027, with the entitlement suspended during the New Year holiday from 16 December 2026 to 15 January 2027. Eligible persons must be Thai nationals aged 18 or over as of the registration date and must hold an original, unexpired national ID card. The stocks that benefit, ranked by proportion of domestic hotels from highest to lowest, are ERW, CENTEL, MINT and SHR. Restaurant stocks that benefit from the increased coupon, ranked by number of branches from highest to lowest, are M, ZEN, CENTEL and MAGURO. The spa business group is SPA.
Green Light for Thai Teaw Thai Plus: 1 Million Rights, 3.5 Billion Baht Budget
The Ministry of Finance and the Ministry of Tourism have finalized the tourism stimulus measure "Thai Teaw Thai Plus," offering 1 million rights with a total budget of 3.5 billion baht. Registration will open from October 1-25, and rights can be used via the "Pao Tang" app starting November 1. The measure covers both primary and secondary cities, with usage allowed from November 1 to December 15, 2026, and suspended during the New Year holiday, resuming from January 15, 2027. It provides fixed-rate accommodation support, reimbursed at actual cost up to 1,500 baht per night, along with tourism coupons for restaurants, spas, massages, taxis, and other activities on a co-payment basis of 50%, capped at 1,500 baht per right for primary cities and 2,000 baht per right for secondary cities. Analysts from TTB Wealth Securities view this measure as positive for the tourism sector, with ERW benefiting the most, followed by CENTEL, MINT, AOT, BA, and SPA.
Hope for 'Thai Teaw Thai Plus' to Boost Hotel and Spa Stocks
Kasikorn Securities stated that the Ministry of Tourism and Sports will discuss with the Ministry of Finance on September 8 to finalize the "Thai Teaw Thai Plus" project with a budget of 4 billion baht for 1 million rights, divided into accommodation discounts of up to 3,000 baht and a voucher of 1,000 baht per right, supporting the co-payment approach to increase cash flow in the system. If a conclusion is reached, it is expected to be proposed to the Cabinet next week and registration will open from October 1, 2026. This is seen as a positive sentiment for tourism, hotel, spa, and domestic service stocks such as ERW, CENTEL, AWC, and SPA, due to the potential recovery in demand and revenue during 4Q69.
A5 Design secures over 100 million baht in projects since launch early this year
A5 Design revealed it has secured design and construction projects worth over 100 million baht, even though it only officially launched early this year. The work includes design services for clients within the A5 group's projects and main construction work for resorts and restaurants of Siam Wellness Group Public Company Limited, or SPA, which is now more than 50% complete and has started to gradually recognize revenue. In addition, there is a new business pipeline of over 50 million baht currently under quotation, reflecting market demand for integrated design and construction services under the Human-Centric Design concept that emphasizes nature, well-being, and sustainability.
Thailand