Grand plans for shopping square

Grand plans for shopping square - The Nation, May 26, 2004
This news about a Bangkok Champs-Elysee (first proposed in 1997) and revival of the Royal Rajdamri in the Crucible of Construction seems to come up every four months or so and here it is again: Leading hoteliers and shopping-centre operators around Rajprasong Intersection have joined forces in an attempt to turn the area into a Thai version of Paris’s Champs-Elysee, London’s Oxford Street and Singapore’s Orchard Road...
In 2002 when Thailand welcomed 9 million tourists, half of them shopped at Rajprasong, helping the area generate Bt92 billion out of total tourism revenue of Bt323 billion.
In the same year, Oxford Street welcomed 8.5 million shoppers, the Champs-Elysee 8 million and Orchard Road 6.4 million.
To cash in on the cooperation, Maneeya Group will revive the construction of a five-star hotel – Royal Rajdamri – which had been shelved since the 1997 economic crisis, managing director MR Tinasakti Saktidej Hanubandh said.
More on the Crucible of Construction
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