S Hotels & Resorts targets sustainable expansion with 50 new hotels & resorts in the next five years

S Hotels and Resorts PCL, the international hospitality company from Singha Estate PCL, has revealed plans to significantly and sustainably expand its business in the coming years, with a target of THB 12 billion (approx. USD 337 million) in revenue across its five global markets in 2024, and adding 50 new hotels and resorts in the next five years.The company will focus on driving operational efficiencies, enhancing its portfolio through the renovation and repositioning of properties in prime locations, the uplift of SAii, its upper-upscale lifestyle resort brand, and taking advantage of opportunities for mergers & acquisitions (M&A) to expand its portfolio in various locations. Every aspect of S Hotels & Resorts’ operations will be taken sustainably, in line with the group’s global commitment to the planet and its people.2023 saw S Hotels & Resorts reach a major milestone when it launched SO/ Maldives, which marked the completion of its CROSSROADS Maldives project. Renovation work is now continuing at SAii Laguna Phuket and SAii Phi Phi Island Village, whilst other properties in key cities in the UK – including Manchester, Edinburgh, Leicester, and Glasgow – will be evaluated for repositioning and rebranding. Looking further ahead, the company has allocated THB 15 billion for M&A opportunities, focusing on high-potential leisure destinations in European countries, including the UK, Asia Pacific, Fiji, and the Indian Ocean. 

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