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.
S Hotels and Resorts PCL (SET: SHR), the international hospitality company from Singha Estate PCL (SET: S), has signed a landmark Memorandum of Understanding (MoU) with the Maldives’ Ministry of Climate Change, Environment & Energy to preserve this idyllic island nation’s natural environment, share knowledge about the importance of conservation, and support CROSSROADS Maldives’ rich marine biodiversity in an area covering 3.15km² – about 31% of the total project size – as part of an Other Effective Area-Based Conservation Measures (OECMs) programme.
S Hotels and Resorts PCL (SET: SHR, or “the Company”), the global hospitality company from Singha Estate PCL (SET: S), has announced that it generated THB 7,222 million (approx. USD 203 million) in revenue in the first nine months of 2023, a significant increase of 18% from the same period last year. This achievement highlights the continued resurgence of the global tourism industry, from which the Company’s operations have greatly benefited.
S Hotels and Resorts PCL, the global hospitality company from Singha Estate PCL, has announced a major USD 27 million renovation of its resorts in Thailand and Fiji, including an investment of more than THB 500m (approx. USD 14.2m) to reimagine the design, facilities and guest experiences at its three SAii Resorts in Thailand – SAii Phi Phi Island Village, SAii Laguna Phuket, and SAii Koh Samui Choengmon – and FJD 28.5m (approx. USD 12.5m) to upgrade Outrigger Fiji Beach Resort.
S Hotels and Resorts PCL (SET: SHR), a leading hospitality investment and management company and the hospitality arm of Singha Estate PCL (SET: S), has announced the latest phase of its “3P” (“Profit, Portfolio, Planet”) strategy in the United Kingdom, with significant renovations at several hotels in key cities, including Mercure Manchester Piccadilly Hotel, Mount Royal Hotel Edinburgh, and The Grand Hotel Leicester, plus extensive upgrades at another eight hotels.