Elite Card: Going into new markets with seven new agents - expect to recover losses within this year

[webfact]

File photo

 

The general manager of the company that offers the long stay "Elite Card" in Thailand told Bangkok Business News he is confident for the future despite the pandemic.

 

Somchai Sungsawang of Thailand Privilege Card said they were expanding in to new markets and now had seven new GSSA partners onboard bringing the total to 23.

 

These are General Sales and Service Agents, notes Thaivisa. 

 

Somchai said he hoped that the company would recover its past losses within this year.

 

The new companies onboard are EmeraldTech, HIS Tours, Mandarin Accounting Law Firm, Nusasiri, Pathfinder International, Shanghai Mobao Medical and Technology and Sweet River.

 

Membership now stands at 13,564 (data from March 30th 2021).

 

The top countries that have members are China #1 followed by Japan, Singapore, South Korea, Russia, Switzerland, France, Australia, the US and the UK. 

 

The top three most popular packages are Elite Easy Access that allows for a five year stay for 600,000 baht, Elite Superiority Extension, 20 years for a million baht and Elite Family Excursion that comes in at 5 years for 800,000 baht (for two people). 

 

Sales were going increasingly well and losses would be recovered "for sure" reported BBN in a report that smacked of being more advertisement than news, notes Thaivisa. 

 

-- © Copyright Thai Visa News 2021-04-29

 

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[ThailandRyan]

The song Beautiful dreamers comes to mind.

[Shuya]

So business is going down and in good Thai manor the price went up. Smart.

[Misterwhisper]

35 minutes ago, webfact said:

Somchai said he hoped that the company would recover its past losses within this year.

You can say about these idiots what you want, but not that they lack unbridled optimism, OTP enthusiasm and - perhaps more importantly - boundless delusion.

 

Hello, Mr. Somchai, we are almost halfway through this year, with the pandemic not showing any signs of abating. You ARE aware of that, right?

Edited April 29, 2021 by Misterwhisper

[Phuketshrew]

17 minutes ago, Shuya said:

So business is going down and in good Thai manor the price went up. Smart.

But they have to pay the commission to all these new Chinese GSSA partners ....

[Shuya]

2 minutes ago, Phuketshrew said:

But they have to pay the commission to all these new Chinese GSSA partners ....

In the past Elite Card payed a commission of 5%. Maybe the agents request more now...

[Fex Bluse]

34 minutes ago, webfact said:

The top countries that have members are China #1

 

I've highlighted the entire purpose of this propaganda. They would like more China nationals to buy - and there will probably be many trying to sneak their wealth out of China. They'll have buyers for sure, especially if they continue to give China big face by publishing these stats (whether they be true of not).

[Mr Meeseeks]

They expect to recover all their THB 600 million debt this year when no-one is travelling? ????

 

Excuse me, a little bit of pee just came out.

 

Just another Thai boondoggle hard at work.

[nkg]

43 minutes ago, webfact said:

The top countries that have members are China #1 followed by Japan, Singapore, South Korea, Russia, Switzerland, France, Australia, the US and the UK. 

 

Rubbish.

 

Are they suggesting that Singapore  has the 3rd most Elite cards out of that list, and the US and the UK are 9th and 10th?

[ThailandRyan]

7 minutes ago, nkg said:

 

Rubbish.

 

Are they suggesting that Singapore  has the 3rd most Elite cards out of that list, and the US and the UK are 9th and 10th?

Apparently they have said so.  The information comes from Thai Elite themselves.

 

1 hour ago, webfact said:

Somchai Sungsawang of Thailand Privilege Card said

 

[crazykopite]

Yet more BS for a bunch of ????????????????????????????????????????????????????s

[ukrules]

4 hours ago, nkg said:

 

Rubbish.

 

Are they suggesting that Singapore  has the 3rd most Elite cards out of that list, and the US and the UK are 9th and 10th?

I doubt it's strictly numbered by members per country. Japan number 1, the rest seem to be in no specific order.

 

I suspect this because there was another article last year which mentioned the very large number of people from some European countries coming in closer to the top.

[herfiehandbag]

And Thai International Airways will be back in profit next year...

????????????

Edited April 29, 2021 by herfiehandbag

[bluedoc]

7 hours ago, webfact said:

Sales were going increasingly well and losses would be recovered "for sure" reported BBN in a report that smacked of being more advertisement than news, notes Thaivisa. 

For sure????????????

[madmitch]

Do these Government sponsored operations actually do any business planning or is everything announced on a whim to satisfy their "bosses"? Perhaps they visit the local fortune teller.

 

 

[Orient Express]

They just don't get it.

 

Offer a 5-year Elite visa for 300k baht or a 10-year for 500k baht (without limousine transfers etc) and watch the take-up.

 

There is a sweet spot where many would switch over from retirement extensions, for example, to avoid the hassle.

[sammieuk1]

The Elite name is the right one with 13,564 takers from a world population of "xx" billion ????

[bangon04]

10 hours ago, Mr Meeseeks said:

They expect to recover all their THB 600 million debt this year when no-one is travelling? ????

 

Excuse me, a little bit of pee just came out.

 

Just another Thai boondoggle hard at work.

600 million Baht divided by 600k per Elite Card. How many Chinese "investors do they need to add?

[Albert Zweistein]

Expanding in to new markets, one of them the moon ?

[Albert Zweistein]

12 hours ago, nkg said:

 

Rubbish.

 

Are they suggesting that Singapore  has the 3rd most Elite cards out of that list, and the US and the UK are 9th and 10th?

Yes, S'pore has 5, US 4 and the UK 3 members.

[ericthai]

13 hours ago, Fex Bluse said:

 

I've highlighted the entire purpose of this propaganda. They would like more China nationals to buy - and there will probably be many trying to sneak their wealth out of China. They'll have buyers for sure, especially if they continue to give China big face by publishing these stats (whether they be true of not).

Thailand doesn't care what nationally you are, they just care you have lots of money!

[bwpage3]

Dreams of Money is always first, even above common sense.

[Poet]

That this company, Thailand Privilege Card, has supposedly never managed to turn a profit, despite selling bits of paper for tens of thousands of dollars to 13,564 suckers, tells you all you need to know about business in Thailand.

How to score instant riches for Thailand Privilege Card and a huge increase in the number of monied visitors to Thailand:

Unlimited one-month extensions of any visa or visa waiver for a straight 10K THB per month, payable at any 7-11 or online.

Everyone would grumble, and swear they would never pay it, but, once they actually figure out the cost of the flights and hotels for their visa run, they will quietly go and pay it. It would soon become an accepted "tax" of around $10 per day that huge numbers of digital nomads, remote workers, trust-funders, the crypto wealthy, and other long-stayers under the age of 50 would pay every month.

Over 5 years, that 10K THB per month would work out exactly the same as the 600K for five years, but by reducing the upfront commitment you would massively expand the market.

Seriously, by making it simple and monthly, you could easily hit levels above one million paying this every month, giving a massive boost to the Thai economy.

 

Edited April 29, 2021 by Poet

[nkg]

 

Once you've paid your 600,000 baht, visiting Thailand couldn't be easier. There's just a couple of convenient, inexpensive things that you need to do. This simple diagram explains everything:

 

 

 

Edited April 30, 2021 by nkg

[mtls2005]

21 hours ago, webfact said:

he hoped that the company would recover its past losses within this year.

 

 

Good one.