BUSINESS PLAN AND OUTLOOK The pandemic from a new strain of corona virus (COVID-19) has affected the global economy, society, and way of life like never before. The hospitality business and related

Thai economy in the third quarter was still affected by the prolonged COVID-19 outbreak and the uncertainty of the epidemic situation of the new Omicron strain of COVID-19. In order that, the

2022, the Thai economy is expected to be on a recovery path despite the uncertainty around the outbreak of a new COVID-19 strain, Omicron, in early Jan-21. With a substantially higher vaccination rate

strain, Omicron, in early Jan-21. With a substantially higher vaccination rate than in 2021, economic activity and domestic consumption are expected to gradually improve. AIS will focus on building the

should support its hotel revenue growth in Guam despite an escalated political tension between North Korea and The United States. Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 8 Middle

economy, and the ongoing geopolitical tension. Although many risks are emerging, we believe that within these risks there are still opportunities for us, which we will adjust our business strategy soundly

-emerged and further strained tension on economy. Competition around data pricing with unlimited plan remained high and barred monetizing rise in data demand as well as stabilizing ARPU. However, mobile

oil price is further backed by concerns over supply after the replacement of the US Secretary of State, creating tension that the US may revisit its sanction policy on Iran with respect to the country’s

namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could

household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s