infrastructure funds generate returns that reflect the changing inflation rate, it could therefore help prevent inflation risk.?To allow the funds to invest in infrastructure funds as another investment

PCL 2019 - MD&A (for the year ended 31 December 2019) 6 U CITY PCL HOSPITALITY SEGMENT No. of Keys ADR (THB/night)* Occupancy (%)* RevPAR (THB/night)* FY 2019 FY 2018 +/- FY 2019 FY 2018 +/- FY 2019 FY

from sales of investment in joint ventures 123mn, (iii) increase in interest income of THB 39mn, and (iv) increase in other income of THB 30mn. HOSPITALITY SEGMENT No. of Keys ADR (THB/night)* Occupancy

% MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020 13 AUG 2020 U CITY PCL 2Q 2020 - MD&A (for three-month and six-month period ended 30 June 2020) 4 U CITY PCL HOSPITALITY SEGMENT No. of Keys ADR (THB/night)* Occupancy

% 78.0% 77.6% 0.5% ADR (THB/night) 3,697 3,724 -0.7% RevPar (THB/night) 2,883 2,889 -0.2% Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 3  Hotel Management Revenue from

details are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of Revenue from sale – net for the 1st quarter 2019, the Company could generate growth rate from the revenue of

, hotel management, and share of losses from investments. • Owned Hotel 1Q18 1Q17 %Chg Occupancy (%) 85.0 80.0 6.3 ADR (THB/night) 4,216 4,310 -2.2 RevPar (THB/night) 3,583 3,434 4.3 Remark: Hotel

18.30 – 22.30 น. (night session) เพื่อใหมเีวลา ซ้ือขายตรงกันกับตลาดในสหรัฐอเมริกา และสามารถตอบสนองความตองการของผูลงทุนที่ประสงค จะซื้อขายเพื่อปรับสถานะลงทุนของตนได ในกรณีที่เหน็วาสภาพการซื้อขายใน

Company expected to generate more revenue from rent and service in the long run. (2) The Company recorded total costs and expenses of THB 662.05 million, decrease by THB 1.70 million or 0.26%. The

businesses of FVC. This is expected to generate income and profit to the Company, then, makes the Company gain much more improved financial position and operating performance that leads to value-added