Starbucks cited increasing operational and administrative costs as the reason for the price hike, adding that the company had delayed adjusting the prices for as long as it could.
The Nation checks out the prices of popular drinks at 10 well-known coffeehouse franchises in Thailand, to give you an idea of how much coffee drinkers would have to pay per day, as well as to see if Starbucks’ price hike is justified.
1. Starbucks
Thailand’s sole franchisee of the American coffeehouse chain is Thai Beverage Plc, which reportedly paid 20 billion baht (US$650 million) to open outlets in Thailand since 2019.
2. The Coffee Club (under Minor International Plc)
3. TrueCoffee (Charoen Pokphand Group)
4. Black Canyon (Black Canyon Thailand Ltd)
5. D'Oro (Golden Cream Ltd)
6. Inthanin (Bangchak Corporation Plc)
7. Café Amazon (PTT Oil and Retail Business Plc)
8. Punthai Coffee (PTG Energy Plc)
9. Chao Doi (Aroma Group)
10. All Café (Charoen Pokphand Group)