Dr. Pasu Loharjun, Chairman of the Board of Directors of Export-Import Bank of Thailand (EXIM Thailand), together with EXIM Thailand directors and executives paid a visit to the Crossroads Maldives Project implemented by S Hotels Resorts Plc. (SHR)
S Hotels & Resorts Plc (SHR), the flagship hospitality arm of Singha Estate PCL, expects the most robust growth this year by hitting the record-high revenue of THB8.5 billion in 2022, doubling the YoY growth from the high-performing 2021, which ended at THB4.5 billion. Thanks to the fast recovery in tourism, its well-diversified hospitality portfolios, […]
Singha Estate plans 3 low-rise projects bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
SHR emphazises on the performance of CROSSROADS project in Maldives and believes its UK hotel portfolio will flourish in the second half of 2021
published : 14 May 2021 at 12:23
S Hotels & Resorts Plc (SHR) has revised its strategies to create a business stability through the revenue and customer diversifications. In particular, this was contributed to the opportunity for business recovery after COVID-19 crisis. The company invested THB 560 million to purchase 26 UK hotels in February 2021, followed by the divestment on a selection of its hotel assets. Proceed from sales will be used to reinvest in the renovation of top-tier hotel in the countries. Nonetheless, SHR was successful in adapting major commercial strategies and introducing a new homegrown brand for attracting Thai residents. The Q1/2021 performance reflected a recovery with 83% rise in revenue from the previous quarter.
SHR will invest 560 million baht to acquire additional 50% stakes in 26 UK hotels bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.