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GIULIO STIX APPOINTED GENERAL MANAGER OF SANTIBURI KOH SAMUI

GIULIO STIX APPOINTED GENERAL MANAGER OF SANTIBURI KOH SAMUI
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S HOTELS & RESORTS HARNESSES 3P – PROFIT, PORTFOLIO, PLANET STRATEGY | News

S HOTELS & RESORTS HARNESSES 3P – PROFIT, PORTFOLIO, PLANET STRATEGY | News
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S Hotels & Resorts harnesses 3P - Profit, Portfolio, Planet strategy to become THB10bn business at the forefront of sustainable growth in tourism

S Hotels and Resorts PCL (SET: SHR), a leading hospitality investment and management company and the hospitality arm of Singha Estate PLC (SET: S) is starting to write a historic new chapter as it aims to exceed THB 10 billion in revenue for the first time in 2023 - an increase of 20% compared to last year’s impressive figure of THB 8.7 billion. This projection is based on robust business strategies and economic tailwinds created by the rebound of travel and tourism.

S Hotels & Resorts posts strong net profit of THB 108 million in Q4 2022 – its second consecutive quarter of positive performance

S Hotels and Resorts PCL (SET: SHR), the global hospitality company from Singha Estate PCL (SET: S), generated revenue from sales and services of THB 8,963 million in 2022, which marks a 93% year-on-year growth. This remarkable performance was higher than expected, driven by the global recovery of travel, tourism and hospitality. In Q4 2022, revenue reached THB 2,570 million with net profit of THB 108 million. This represented the second consecutive quarter of profit, which emphasises the strength of the business. The positive momentum is set to continue this year with increased revenue and net profit expected in 2023.

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