Centara Hotels & Resorts launched its flagship Centara Grand Hotel in Osaka in 2023.
As the tourism recovery gathers pace across the globe, Thai hospitality groups expanded their presence beyond the domestic market to capitalise on robust demand in many destinations.
Many hotel management companies posted strong profits in 2023, while some even saw their average daily room rate exceed the 2019 level, especially in prime destinations.
BIG STEPS FORWARD
SET-listed Minor International (MINT) remains the largest hotel chain from Thailand with more than 75 properties, the majority under management contracts and management…
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