Centel posts impressive Q4 results with 9% revenue increase

Central Plaza Hotel Plc (Centel), known for operating Centara Hotels and Resorts, posted an impressive financial performance for the fourth quarter of 2023, with a total revenue of 6.02 billion baht marking a 9% increase year-on-year.

The company’s yearly revenue for 2023 was also positive, amounting to 22.5 billion baht. This represented a significant growth of 24% or a revenue increase of 4.33 billion baht compared to the previous year, reported Bangkok Post.

The data, announced to the Stock Exchange of Thailand yesterday, February 27, revealed a strong operational performance for Centel during the fourth quarter and throughout the year ending December 31, 2023.

Interestingly, the surge in the company’s revenue coincided with an increase in international tourist arrivals in Thailand. The last quarter of 2023 saw 8.1 million foreign tourists, a…