THB 109 million due to the lower occupancy rate. Other income decreased by THB 5 million. Gross profit margin declined from 25.9% to 25.4% due to rental and service business gross profit decreased by

Occupancy rate (%) 71% 61% 54% 64% 45% Rev Par (Baht) 8,868 7,933 5,873 8,329 4,975 Page 4 of 7 Management Discussion and Analysis 2018 Hotels FY’17 FY’18 Q4’17 Q3’18 Q4’18 Phi Phi Island Village No. of room

an Average Occupancy (OCC) of 83.5%, which is the highest OCC ever achieved to date by CENTEL (Q3/2016 : 83.2%). With regards to the Tourism industry, total international tourist arrivals in Q3/2017

Stock Exchange of Thailand on October 17, 2019. The Company currently manages 34 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 2019 the average occupancy rate

by Baht 59 million over the prior year as a result of the decrease in occupancy and room rates of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which

) Occupancy rate (%) 62.3% 61.8% 0.5% Room revenue 317,603 298,976 6.2% Food and beverage revenue 280,547 261,291 7.4% Other revenues 92,138 94,742 (2.7%) Hotel income 690,288 655,009 5.4% Cost of sales and

occupancy rate is about 96%) 7. Acquisition Price : 118.9 million U.S Dollar or approximately 3,950 million baht (off-market bid price) 8. Purpose : For rent. 9. Total transaction size : 3.69% of total asset

) Occupancy rate (%) 38.8% 39.8% (1.0%) Room revenue 152,513 151,139 0.9% Food and beverage revenue 174,164 172,302 1.1% Other revenues 72,147 75,772 (4.8%) Hotel income 398,824 399,213 (0.1%) Cost of sales and

of a reduction in occupancy of Laguna Phuket hotels. The occupancy was adversely impacted by renovations and constructions within and around some of the Laguna Phuket hotels, the strong Thai Baht, and

average occupancy rate for CPN’s retail properties stood at 91%, slightly lower from the previous quarter due to major renovations at both CentralWorld and CentralPlaza Rama 3. CPN reported its 3Q17