Thailand’s hospitality and wellness sector is renowned as one of the best in the world, making the kingdom a leading destination for medical tourism — where patients travel abroad to receive high-quality healthcare services.
Driven by this strong global reputation and continued growth, the sector has attracted increasing interest from foreign investment funds. A notable example is the recent investment by the Fidelity Group, which underscores the sector’s rising popularity and potential among international investors.
On July 17, 2025, the Securities and Exchange Commission (SEC) of Thailand disclosed in its latest report that FIL Limited, a foreign institutional investor, has acquired additional shares in Wattanapat Hospital Trang Public Company Limited (WPH). The transaction was executed on July 11, 2025, with the purchased securities representing approximately 0.0178% of the total voting rights of the company.
Following this latest acquisition, FIL Limited’s total holding in Wattanapat Hospital Trang has increased to 5.0151% of the company’s total voting rights. The total group holding now stands at the same level of 5.0151%, crossing the important 5% threshold that typically triggers disclosure requirements under Thai regulations.
Earlier this month, the SEC also disclosed information on the shares transaction of Siam Wellness Group Public Company Limited (SET: SPA) by FIL LIMITED, a former investment arm of Fidelity Investments.
FIL Limited acquired shares in SPA on June 27, 2025. The acquired shares represent 0.0361% of the total voting rights of the company, bringing FIL Limited’s total holding to 5.0028% of the total voting rights after the transaction.
FIL Limited (Fidelity International) is related to Fidelity Investments. FIL Limited was originally established as the international investment arm of Fidelity Investments, but it was later spun off as a separate, independent, employee-owned company.
According to an investment research platform, fintel, FIL Ltd has disclosed 905 total holdings in their latest SEC filings. The most recent portfolio value is calculated to be $ 105,247,440,277.
The latest report indicates that Abigail Johnson, granddaughter of founder Edward C. Johnson II, and her family and their affiliates own roughly 40% interest in FIL Limited.
Meanwhile, Fidelity Investments manages $5.9 trillion in discretionary assets and has $15.1 trillion in assets under administration as of December 2024, according to Fidelity website.
The growing involvement of major global investment firms like FIL Limited in Thailand’s hospitality and wellness sector reflects not only the sector’s robust fundamentals but also its international appeal. The recent acquisitions of shares in Wattanapat Hospital Trang and Siam Wellness Group signal increasing investor confidence in Thailand’s long-term potential as a medical tourism and wellness hub. As the country continues to capitalize on its reputation for high-quality, cost-effective healthcare, foreign capital is likely to play a pivotal role in driving further growth and innovation across the industry.
