Mr De Cuyper, right, and Mr Chairath at an S Hotels & Resorts press conference held on Tuesday.
SET-listed S Hotels & Resorts (SHR) is expecting 10 billion baht in revenue this year, a record high and an increase of 20% from last year.
Dirk De Cuyper, chief executive of SHR, said the company forecasts consecutive growth from last year with a strong average room rate and occupancy rate thanks to global tourism arrivals, which are forecast to increase by 30% this year, and China’s reopening.
Thailand will contribute the fastest growth across all regions at 60% year-on-year, with a revenue contribution of 16% or one-third of earnings before interest, taxes, depreciation and amortisation, mainly driven by international visitors.
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