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food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

changing demand. This includes plans to increasing cooperation to enroll personnel for the hotel business of Dusit International group.  Le Cordon Bleu Dusit Culinary School (“LCBD”), which is a joint

services, which offers the following 1) Short-term programs 2) Customizable corporate programs such as programs for cabin crews, hospitality services, etc. 3) Consultancy services for SMEs and culinary

by closing Dusit Thani Hotel School (DTHS) in 4Q17 to utilize DTHS’s building and facilities as a research center for the development of culinary and hospitality programs under Dusit Thani Excellence

earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher