Hotel and office developer UHG is forecasting a 40% increase in revenue this year, banking on robust demand from foreign tourists and the Mice (meetings, incentives, conventions, and exhibitions) sector in Bangkok.
Managing director Wutthiphon Taworntawat said UHG's revenue growth would continue from last year, when it rose 20-30% from 2021, as foreign tourists, particularly the Chinese, were now visiting Thailand.
