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Thailand's PTT to enter hotel industry

SINGAPORE - Hospitality consultant, HVS International, reports that Thailand’s national oil and gas conglomerate, PTT Plc, is revisiting plans to build budget hotels at its petrol stations throughout the country. This move comes in a bid to diversify and strengthen the company’s non-oil business, and avoid risks associated with oil price fluctuations. PTT is considering having 50 budget hotels built.......

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