Mr. Sukit Ngamsangapong Chief Financial and Accounting Officer Dusit Thani Public Company Limited (DUSIT) revealed that the outlook for Q4/22 is considered to be the best quarter this year. of active tourism in the country Due to the large number of tourists traveling to Thailand Causing the occupancy rate (OCC) in the 4th quarter of 22 to increase from the 3rd quarter of 62%, positively affecting on the general business of the company during the last curve of the year 22.
At the same time, the average daily room rate (ADR) increased in 4Q22 from 3Q22 at 3,057 baht / room / night, which was adjusted according to the holiday season. This is another supporting factor for the company’s revenue from the hotel business which increased from the increase in the room rate.
Regarding the Company’s foreign hotels, it is considered that it is able to return to produce a good performance. and has continued to improve And hotels in China are showing better signs. After China began to loosen its control of COVID-19. But the recovery of hotels in China will come back in the year ’23 onwards, after China recently prepared to lift the quarantine during January ’23, marking the opening of the country. And the average occupancy income (RevPar) in the fourth quarter of 2022 has a higher trend and has the opportunity to return to 2,000 baht / room / night from the 3rd quarter from 1,885 baht / room / night.
The company’s food business has continued to grow well too. Especially in the part of B2B business the company has a joint venture with Oil and Retail Public Company Limited (OR) to produce food for different business and catering sectors, which has improved a lot. of a large number of seminars and meetings held Including the Savor restaurant business and the bonjour bakery that the company recently invested in. can make good sales too
The company aims to reach 2.5 billion baht in revenue by 2070, with the revenue contribution increasing to 25% from the current single digits. which will be another business that will continue to grow Along with the development of the company’s cookery school expanding the base of new learners from an international school
For the real estate business, the company jointly invested with Central Pattana Public Company Limited (CPN) to develop luxury condominiums on the grounds of the Dusit Thani Hotel. Corner of Silom Road Currently, there are still ongoing sales. And there are also plans to bring the project to traveling shows abroad such as countries in the Middle East, Hong Kong, Singapore and a collaboration with Origin Plc. Property (ORI) is developing the HAMPTON SUITE Sriracha condominium project, which is an investment condominium. It has been well received by customers. And there are only a few units left for sale.
By InfoQuest News Agency (23 Dec ’22)
Tags: DUSIT , Dusit Thani , travel , Sukit Ngamsangapong , Thai stock , hotel
