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Premium privilege: Thailand Elite Card set to increase membership fee by 50%"
Thailand Privilege Card Co (TPC), operator of the Thailand Elite Card, introduced plans to extend its base membership worth by 50%, raising it from 600,000 baht to 900,000 baht. The move is part of the company’s technique to spice up its annual revenue to eight billion baht.
In addition, the corporate might be introducing 4 new types of cards, all of which will not carry the term “Elite” of their names, a time period that has been in use for the explanation that programme’s inception in 2003, reported Bangkok Post.
Yuthasak Supasorn, the governor of the Tourism Authority of Thailand (TAT) and TPC board chairman expressed confidence within the programme’s competitiveness regardless of these adjustments.
“We’re assured that we'll not lose clients to neighbouring nations that offer a similar long-stay visa programme.”

The most costly new membership, dubbed Reserve, will be priced at 5 million baht, marking a 150% enhance from the 2 million baht charge for the present highest tier membership. This stage of membership, which offers a visa length of 20 years, might be restricted to by-invitation purposes, with a cap of one hundred members per year.
Existing members can proceed to enjoy their present benefits or select to improve to any of the four new card types by paying a further fee. TPC can also be providing promotional charges for these upgrades.
Manatase Annawat, president of TPC, shared his perception that the Gold membership, priced at 900,000 baht, will drive substantial income, similar to the earlier Elite Easy Access choice, which was priced at 600,000 baht.
“Even though it is costlier, extra benefits would entice more customers.”

Refund revealed that the mounted cost that TPC has to bear for new companies will rise by 50%, or approximately 550 million baht, a major enhance from the current yearly value of 200 million baht.
Presently, TPC boasts a membership of 31,500. Over Savings -year operation, it has contributed round 50 billion baht to the country’s financial system.
Manatase also confirmed that the corporate is on track to remain worthwhile for the second consecutive yr in fiscal 2023. They have already posted a profit of 645 million baht in the first nine months, surpassing the 627 million baht revenue made in 2022.
In addition, TPC has repaid 765 million baht to the TAT, its parent firm, after initially securing registered capital of around seven-hundred million baht from the TAT.
The firm at present has a money move of approximately 12 billion baht and goals to extend sales income to eight billion baht in fiscal 2024, which begins this October with the launch of the new Thailand Elite Card card varieties.
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