expenses increased 1.5% attributed to higher expenses from the renovation of office building. Exchange loss decreased from 4.2 million baht to 1.3 million baht as we implemented new policy to minimize

building renovation while other asset mostly increased from deferred tax which added by THB 26.6 million stemming from the recognition of tax shield as aforementioned. Additionally, the Company’s trade

, partially offset by (ii) 6 keys increased from the renovation of owned hotels (iii) 96 keys increased from Vienna House Kronberg, Germany, the new operating lease hotel opened in February 2020, and (iv

business, total revenue total revenue increased 11.9% YoY and net profit increased 6.0% YoY (for the first six months of 2019, total revenue increased 11.0% YoY and net profit increased 4.6% YoY). The

2018 Increased (Decreased) Room revenue 235,449 317,603 (25.9%) Food and beverage revenue 219,300 280,547 (21.8%) Other revenues 77,322 92,138 (16.1%) Hotel income 532,071 690,288 (22.9%) Cost of sales

increased when compared to the same period last year resulted from interest on short-term and long-term loans that the Company had drawn down for the hotel operations and the River Wing renovation project. Ms

of Baht 1.7 million or 129.0% was increased when compared to the same period last year resulted from interest on long-term loan that the Company had drawn down for the hotel renovation. Ms. Siriwan

or 8.4% as a result of higher sales of suites following the completion of the Authors’ and Garden Wings renovation in April 2016, Food & Beverage revenue increased by Baht 9.5 million or 1.1% and Other

OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the year ended 31 December 2019 (Unit: Thousand Baht) 2019 2018 Increased (Decreased) Room revenue 385,447

, during the renovation, payroll was saving by assigning colleagues to work at sister MOHG properties around the world. An additional finance cost of Baht 2.6 million or 111.8% was increased when compared to