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Friday, May 3, 2024

ONYX Hospitality Group’s expansion plans and revenue target revealed at ITB 2023

ONYX Hospitality Group’s portfolio includes 44 properties across Thailand, Malaysia, and China including Hong Kong, Maldives, Bangladesh and Lao PDR. From which, 18% are invested by the group and 82% under management contracts.

BERLIN – Thailand-based ONYX Hospitality Group will be at ITB Berlin 2023 this week to share its aggressive expansion plans and optimistic revenue target for 2023, conveying its full confidence in tourism recovery. The leading Asian hospitality group is on track to operate 54 properties by 2025. ONYX currently operates 44 properties, with an additional 11 properties in development.

ONYX Hospitality Group’s portfolio consists of hotels, resorts and serviced apartments under three core brands: Amari, its upper-upscale brand that aims to deliver memorable experiences to hotel guests; OZO,…

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