fitness center for three months. Consequently, the closure of the hotel’s facilities had significantly affected the hotel revenues overall. For expenditures, the Company carefully controlled costs and
due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of 2019 and the smoke pollution crisis in
16.50% compared to the revenue of 2018, mainly due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of
hotel services including other services such as restaurants and bars, café’, banquet room, meeting rooms and other hotel’s facilities. Management Discussion & Analysis Q1/2020 Total revenue increased from
on the back of the sale of investment in 1Q18 together with impact from the closure of Dusit Thani Bangkok hotel on 5 January 2019. Excluding these items, the Company should report net profit of around
. However, The Hotel temporarily close due to COVID-19 effected revenue from hotel operations portion decreased. The following table shows the total revenue structure by business type according to the
from the new investments (THB 3 million) and the additional provision for employee benefit as per new labour protection act (THB 24 million). Without the above items, the Company reported 1H19’s
2016 Hotel business 4,590 4,814 (224) -4.7% Education business 442 474 (32) -6.8% Others 538 136 402 295.6% Total revenue 5,570 5,425 145 2.7% EBITDA 1,099 919 180 19.6% EBIT 470 214 256 119.5% Net
Hotel last year, and the increase in room revenue and convention revenue at Dusit Princess Srinakarin Hotel. However, Dusit Thani Bangkok reported a decrease due to news about the hotel’s closure. By