Baht 146 million as compared to the same period last year due largely to the following: Revenue from hotel operations which comprise of hotel, golf and retail operations increased by Baht 76 million
. - Revenues from hotel operations in Q1/2019 amounted 88.15 million baht increased by 9.18 million baht or 11.62% from 78.97 million baht in Q1/2018 due to the opening of new hotel, MAVEN Stylish Hotel Bangkok
. - Revenues from hotel operations in Q2/2019 amounted 71.35 million baht increased by 8.98 million baht or 14.40% from 62.37 million baht in Q2/2018 due to the opening of new hotel, MAVEN Stylish Hotel Bangkok
by 29.8% YoY to THB 2,233mn mainly from the expansion of the hotel business through new hotel launches and through new acquisitions • EBITDA and EBITDA margin were THB 509mn and 22.8% respectively
significantly by 139.5% YoY to THB 1,791mn, predominantly due to the full quarter consolidation of the acquired hotel business in Europe (Vienna House), the consolidation of assets from the Entire Business
benefits from the business expansion. In addition, the Company has continued our strategic projects, including the mixed-use project ‘Dusit Central Park’ as planned. Major Developments Hotel Business At the
Metro Pacific Investments Corporation to develop Hotel and Condominium Project in Philippines. The Company will set up the new subsidiary company; 100% owned by the Company, in Philippines under the name
Moreover, RBF’s subsidiaries have also invested in hotel business as follows: 2.1 Ibis Styles Chiangmai Hotel which is invested and operated by Premium Foods Co., Ltd. 2.2 Novotel Chumporn Beach & Golf which
recognized in the future barring any cancellations. The overall revenue from hotel operations which comprise of hotel, golf and retail operations decreased by Baht 216 million over the prior year as a result
of investment of THB 281 mn Business expansion toward mixed-use project development CPN and Dusit Thani Public Company Limited (“DTC”) joint-invest in a mixed-use development project including hotel