making this process is reasonable and also will get the benefit to the company. This is because there is the plenty of tourists both Thai and foreigners in the selected location which in accordance with
Chinese tourists in Chiangmai, competition in market we operate and hotel renovation in Phuket. • Overseas hotels: the revenue increased by THB 13.2 million, or 4% yoy, mostly due to the marketing strategy
/2017, with total international tourists arrivals of 8.8 million (or an increase of 6.0% YoY) and in which arrivals of Chinese tourists rebounded and started to increase again after decreasing during the
will get the benefit to the company. This is because there is the plenty of tourists both Thai and foreigners in the selected location which in accordance with the company’s strategy. 10. Opinion of the
tourists both Thai and foreigners in the selected location which in accordance with the company’s strategy. 10. Opinion of the Audit Committee and/or directors of the company which are different from those
tourism in Thailand that led to a continuous decrease in number of tourists especially from China which is our target customers. The Company was responsive of the situation and formulated new strategies and
countries. The tourism sector has been adversely affected by a contraction of Chinese tourists’ arrivals while private investment has been expanding at a slower rate. Although private consumption has
between the U.S. and China caused lower global trade volume. The tourism sector also expanded at a slower rate mainly from Chinese tourists. The domestic demand grew at a slower rate resulted from private
domestic tourists and earnings of Thai labor have declined while unemployment rate has been increasing. In addition, whilst private consumption shows some growth but limits in some areas; therefore
it is partly offset by slowdown Thailand tourism after the boat accident of Chinese tourists in July 2018. Q3’18 operating performance Hotels Q3’17 Q2’18 Q3’18 Santiburi Beach Resort & Spa No. of room