within the expected range 3.) strong tourism performance especially from increased foreign tourist arrivals from Malaysia, Japan, Hong Kong and India, despite having been affected by lower arrivals from
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
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
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
tourist and uncertainty in political situation . • Mobile business pressured by weak consumption: We are expecting mobile revenue to be under pressure from weak private consumption and hence continued low
% 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