merchandise categories and markets in line with a slowdown in trading partner demand. In the tourism sector, the number of tourist arrivals for the first eight months of this year contracted by 75.2% YoY. The
restrictions leads to traffic improvement more than 60-70% of normal level as of June 30, 2020. Only malls exposed to foreign tourists have only recovered slightly as much of the tourist traffic remained absent
recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals in almost every nationality especially
% mainly from the closure of Dusit Thani Bangkok Hotel and adverse impact on tourist in Phuket impacting revenue from Dusit Thani Laguna Phuket. - Revenue from overseas owned hotels continuing to grow by 6.4
. This will be the new tourist spot in Bangkok that will enhance the hotel portfolio. 4 June 2019: Acquisition of arcona Hotel Portfolio in Germany and Switzerland. U City acquired a hotel portfolio
on Charoen Krung road. This will be the new tourist spot in Bangkok that will enhance the growth of the company’s hotel portfolio. 9 October 2019 U City together with the Fine Arts Department started
food which famous and being accepted from people around the world. The Company has an expansion plan to open hotel under brand “Hotel Kitch” in major tourist cities in Thailand soon. For the development
was still in contraction. Tourism sector essentially got greatest hit from border restriction and faced 100% drop in foreign tourist numbers. Bank of Thailand, then, slashed its forecast for Thai
restrictions and faced 100% drop in foreign tourist numbers. Likewise, the export sector has been affected by declining demand from trading-partner countries. In addition, the purchasing power of consumers is
services in Q2 2020 as a result of COVID-19 pandemic, the lower overall private consumption and the decline of tourist numbers. • Gross profit margin (GPM) in 2020 was 60.9%, decreased by 3.8% from 2019. The