![]() “They want to be well known, not by guests but the investment community.” ![]() “Asset World has gone through a lot of transformation,” says Ho Kwon Ping, founder and executive chairman of Banyan Tree, who has known the family for decades. While Banyan Tree has its own Thai resorts, it operates AWC properties in Krabi and Koh Samui. Andre Malerba/Bloombergįollowing recent deals with Marriott and Hyatt Hotels, Wallapa is planning new developments with the Singapore-based Banyan Tree Hotels & Resorts. that focuses in developing hotels, shopping malls and office buildings in Thailand and beyond. Wallapa Traisorat, CEO of Asset World Corp. “AWC tries to create an ecosystem where everyone profits.” “This is much more like big international hotel investment companies,” says Nikhom from Horwath HTL. Unlike some major hotel owners in Thailand who have built their own hospitality brands at home and expanded overseas-like Italthai Group’s Onyx and Amari hotels and Central Group’s Centara-AWC’s singular focus is on Thailand where its properties are operated by well-known regional and global hotel chains. “It’s an interesting transition,” says Bill Barnett, managing director of C9 Hotelworks, a Thailand-based hotel consultancy, noting that Wallapa is highly regarded for assembling a professional team and focusing on working with a select group of partners. The Traisorats have five children and Soammaphat, the former CEO of TCC’s erstwhile joint venture with Singapore’s CapitaLand, is a director on AWC’s board. She joined her father’s diversified TCC Group in 2001 to focus on its property-related businesses, the pick of which were pooled to form AWC in 2018. She began her career as a financial analyst with Merrill Lynch in Hong Kong in 1999, and married her high school sweetheart Soammaphat Traisorat the following year. where she did her master’s in regional and urban planning at the London School of Economics and then a Master of Philosophy in land economy from University of Cambridge. These include a prime sea view site where Banyan Tree Krabi opened in October.Īfter getting a degree in architecture from Silpakorn University in Bangkok, Wallapa headed to the U.K. She recalls her father buying properties without any imminent development plans, creating a massive land bank that Wallapa would work with decades later. The second of five children, Wallapa would accompany her parents while growing up in Thailand on holidays that inevitably centered around tours of family businesses, which then mainly comprised breweries and distilleries (Charoen’s Thai Beverage is the maker of popular Chang beer). Phuket will follow suit in 2023, once travel restrictions are fully lifted and reciprocal travel arrangements are in place with key markets such as China, Japan, Singapore and South Korea. ![]() In a May report, it anticipates Bangkok leading a rebound in the Thai hotel industry with a V-shaped recovery starting in the second half of 2022. “They are expanding, using their size strategically, and with all their capital.” “They are one of the behemoths in the industry,” says Nikhom Jensiriratanakorn, a Bangkok-based director of hotel consultancy Horwath HTL. Wallapa expects hospitality to remain a key growth driver and last October announced AWC’s plan to build four new properties, which will be operated by Marriott International, including a Ritz-Carlton Reserve and the first Autograph Collection hotel in Thailand. “That is the strategy to prepare AWC for future growth.” Hotels generated 60% of the company’s revenue before the pandemic, and include seven properties in the Imperial Hotel Group that Charoen bought in 1994 as well as Marriott Marquis Queen’s Park, The Athenee Hotel and Okura Prestige in Bangkok. “We are looking at building an integrated lifestyle real estate group, and Thailand is our focus,” Wallapa, 47, says in a rare interview by video call from her Bangkok office. “We see huge potential growth and strength in Thai tourism.” About 30 billion baht will be spent to redevelop Bangkok’s historic Chinatown and riverfront areas as well as to make over Pattaya, a beach town of ill repute south of the Thai capital, as a destination for conferences and exhibitions. However, AWC’s most ambitious projects reflect Wallapa’s background in architecture and land planning. In February, she also acquired the 287-room Sigma Jomtien Pattaya Hotel for 550 million baht. Yet those figures haven’t deterred Wallapa from planning four new hotels with 1,600 rooms, adding to AWC’s 17 hotels with nearly 5,000 rooms. Revenue slumped 54% in 2020 to 6.1 billion baht, pushing the company into the red, and fell a further 56% year-on-year in the first quarter, with a net loss of 594 million baht. Having sound financials helped AWC weather last year’s 83% plunge in tourist arrivals from an all-time high of about 40 million in 2019.
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Each license can only be used on one system at a time. Once done, The iLok License Manager app can then be used to store licenses on either a physical iLok USB dongle or iLok Cloud Session. This tells Avid which iLok account to send your license(s) after you register an Activation Code. To get the license, you must enter your iLok account information into your Avid Master Account ( next).
![]() Usually my Saturdays consist of a long run early in the morning and then limping my way through a 9 hour shift at Running Lab. Toni: I have dealt with chronic pain in my left foot off and on after my long runs. Any runner could use a shoe like this for recovery run days. I would recommend it for someone who wants to do a lot of miles but often end up with their feet feeling a little beat up after their runs. Keith: This shoe is for the runner who likes a lot of cushioning and maximal arch support. In version 1, Keith had to choose between having enough room for his toes and having a good fit in the heel. A softer, more padded ankle collar and Flywire lacing make the fit much better. Nike did a great job improving the fit by slightly detaching the tongue in the Flyknit upper to improve the fit in the heel counter as well as over the instep. Toni says it's her comfy, make me feel good shoe.Īsk Toni and she'll tell you "OH! Hands down this update crushes last years model!" The changes made to version 2 are major improvements over the original. Similar to the Saucony Endorphin Shift, Hoka Clifton, New Balance 1080, Brooks Glycerin. This shoe fits into the high cushion/high support neutral category. The shoe has a slight rocker style to the midsole that allows for a smooth transition. Additionally, the Nike React midsole cushion is soft, smooth, and responsive. I feel confident that the fit would have adapted if I had stayed with my original size. I do regret going up in size from my running shoe size, the fit became very sloppy after running in them for two weeks. I went up a half size from a women's 10.5 to an 11. The first impression of the fit was snug in the toe box. Toni's fit experience: the React will adapt to your foot. The React foam used in the midsole creates plenty of bounce. There is a lot of underfoot cushioning to this shoe and the way the forefoot cushioning flares out on both sides of the foot creates a very stable and balanced toe-off experience. It's not waterproof but it takes a lot to get through. The upper does handle wet or snowy conditions fairly well. The rest of the upper is a more substantial knit that doesn't have much give and can make areas of the shoe feel a bit tight. The thinner, stretchier material throughout the laces does however allow a higher volume foot to fit comfortably. The tongue is mostly attached so there is not much play or ability to adjust. The heel is cupped nicely and the added padding on the ankle collar feels nice. The midfoot wraps the foot nicely using a Flywire lacing system and features a very strong arch support. The toebox is slightly on the narrow side but not so much that it pinches anywhere. Keith's take on fit: slightly trim but with compliments. HEEL TO TOE OFFSET: 8.4mm women's/9mm men's Overall the reviews for this shoe were great and we are glad Nike listened to the changes requested in this shoe from V1. At Running Lab, we sell this shoe in the neutral category even though we know many that sell it as a mild stability with some great cushion. This shoe dances the line between stability and neutral in the ever growing grey middle ground between the two types of shoes. ![]() ![]() The heel clip remains in the shoe for that guidance when you need just a little stability to hold your foot in. The bottom of the shoe remains unchanged from V1 with the same react midsole foam which is on the firmer side but bouncy. The second big change was the addition of the foam around the collar. We are glad Nike added this back in as we are already seeing it fit more customers. It should just be a standard in running shoe design. It usually ends up that the next version includes it back in. Sometimes fashion takes over function and brands do not include the second eyelet at the top. Lets first start with the addition of the second eyelet at the very top this is imperative to get a great lock down when it comes to heel slip. Mainly because it seems Nike listened to all of the feedback on what was incorrect on the 1. The Nike React Infinity Run Flyknit 2 is a fantastic follow-up to V1. What did our two wear testers think after running in them? Find out what Keith & Toni had to say here. Nike React Infinity Run Flyknit 2 has just dropped at Running Lab. |
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