Under the partnership, KBank will offer financial help, while Wellness will screen customers with growth potential and a positive business background. KBank forecasts that there will be more than 100 participants in the loan programme which is expected to offer around Bt1 billion in loans this year. KBank is going to grant loans for hotels, featuring long-term and overdraft loans (OD) with repayment periods of up to 10 years offered to registered hotel operators, and loans for spa business which includes long-term loans, OD and promissory notes for up to 10 years. Pipavat Bhadranavik, KBank vice president, said Thai spas had potential for further growth, in line with the worldwide health-consciousness trend that was thriving. Aesthetics, anti-ageing, spa and wellness tourism in Thailand reported a market value of Bt136.5 billion in 2017.

Source: The Nation Bangkok May 09, 2018 09:00 UTC