Is Thailand Elite state-owned?
Thailand Elite is a program based on Thai law
Thailand Elite (now Thailand Privilege) is a program launched in 2003 under Thai law. It is operated by Thailand Privilege Card Co., Ltd. which is wholly owned (1 billion baht) by the Tourism Authority of Thailand.
Thailand Privilege Card Co., Ltd.

Thailand Privilege Card Co., Ltd. is a state-owned company established in 2003 and directly operated by the Tourism Authority of Thailand. Located on Sathorn Road, the nearest BTS station is Chong Nonsi.
外国人誘致を主目的に創設されたタイランドエリートはターゲットである富裕層のロングステイヤーにむけた各種の特典をつけたものでした。
It was somewhat different from today’s memberships, which include daily golf and massage, health checkups, and lifetime memberships.
Members continue to grow year after year.
The number of Thailand Elite (Thailand Privilege) members continues to grow, with more than 40,000 foreigners becoming members by 2024.