Showing 1 - 10 of 17
ERW to expand Hop Inn through franchise system
Business, Dusida Worrachaddejchai, Published on 24/02/2022
» SET-listed Erawan Group Plc (ERW) is planning to expand the Hop Inn via a franchise model to lesser known destinations in Thailand and overseas with a target of 30 hotels in 2025 after it recently sold three ibis hotels to One Origin.
Dusit retains strategy for hotel openings this year
Business, Dusida Worrachaddejchai, Published on 27/01/2022
» SET-listed Dusit International is maintaining its plan for hotel openings this year, focusing on an asset-light model and preparing a comprehensive strategy for long-term success.
AWC weighs investment options for coming year
Business, Dusida Worrachaddejchai, Published on 15/12/2021
» SET-listed Asset World Corp (AWC) plans to reduce its investment for next year to less than 10 billion baht if tourism recovers slowly, as 70% of its hotel portfolio already passed a critical cash flow stage in December.
Hotel chains warily eye expansion
Business, Dusida Worrachaddejchai, Published on 09/07/2021
» Hotel chains continue to tread lightly to maintain liquidity, while cautiously rolling out expansion plans amid the pandemic, which has quickly deteriorated prospects for recovery.
ERW to raise B3bn capital to support growth
Business, Dusida Worrachaddejchai, Published on 25/02/2021
» SET-listed Erawan Group Plc (ERW) targets earnings growth for the Hop Inn brand by 2025 and plans to raise 3 billion baht in capital to support long-term growth.
SHR adding six hotels in portfolio boost
Business, Dusida Worrachaddejchai, Published on 16/12/2020
» S Hotels & Resorts (SHR), a hospitality arm of SET-listed Singha Estate, plans to add six more hotels in Thailand under a new brand called Nãbor next year to double its portfolio to 82 hotels with 9,000 rooms by 2025.
Hotels drop sales prices as crisis bites
Business, Dusida Worrachaddejchai, Published on 28/07/2020
» The ongoing tourism slowdown has led several hotels to reduce the price tag on their property by more than usual, says Destination Capital, part of Destination Group.
Best Western pares launches to 8 hotels
Business, Dusida Worrachaddejchai, Published on 27/05/2020
» Best Western Hotels and Resorts plans to open just eight properties in three countries in Asia -- Thailand, Japan and Myanmar -- this year as the coronavirus crisis puts several projects on hold.
Onyx keeps long-term plans in sight amid chaos
Business, Dusida Worrachaddejchai, Published on 21/02/2020
» Onyx Hospitality Group, a unit of Italthai Group, is embracing the difficulties of the ongoing crisis by focusing on a long-term strategy to expand its hotel footprint in Thailand and Asia.
IHG banking on mixed-use projects
Business, Dusida Worrachaddejchai, Published on 05/02/2020
» InterContinental Hotels Group (IHG) remains unfazed by negative sentiment for Thai tourism as it prepares to double its portfolio in 3-5 years, with mixed-use projects a more popular choice for investors.