Dusit sees 20% revenue bump
Major international meets to prove a boon
The local hotel-management company Dusit International sees bright prospects for Thailand’s tourism industry this year, especially in the meetings and incentive business.
Bangkok will host many big international forums and meetings this year such as the World Economic Forum on East Asia 2012 from May 30 to June 1 and the Thailand Rotary International Convention from May 6-9.
Thai tourism has been affected by political uncertainty since 2008 and massive floods last year.
“Tourism has recovered early this year, so Dusit is confident its revenue will increase by 20% this year after missing our 20-25% growth projection last year,” said chief executive Chanin Donavanik.
Its 2011 profits slightly increased from 135 million baht in 2010. Total revenue was estimated at 4 billion baht, up from 3.6 billion the year before.
Dusit reported an average hotel occupancy rate of 64% last year, up from 54% in 2010. The average room rate (ARR) decreased by 3-4% for all its properties, while that of its overseas hotels except in Egypt increased by 10%.
Mr Chanin said Dusit hopes to raise its ARR in Thailand around 5-7% this year as the rate is the lowest among all the countries where it manages properties.
“We see good signs, as February reservations are at 50% for hotels in Bangkok, with big international forums and meetings helping to boost the image of Thailand. We expect hotel…
Full story from Bangkok Post at http://goo.gl/Qcyyr
BUSINESS NEWS BY CATEGORY
View / Download the monthly magazine
Sunday, 9 March 2014
BANGKOK CHARITY BBQ - The Rotary Club of Bangkok South