Mr. Gun Srisompong, Chief Financial Officer and Vice President of Finance and Administration from Central Plaza Hotel Public Company Limited (SET: CENTEL), informed “Kaohoon” that the company’s performance in the second half of the year would surpass the first half due to the growth of revenue per available room (RevPAR) in domestic hotel business. Meanwhile, the company’s international hotel business is also advancing, while the food business recovered due to the continued growth of its same store sales.
Regarding CENTEL’s hotel business in Bangkok, its operation is still being affected by the decline of Chinese tourists, causing its 3Q25 RevPAR to likely become weaker than the same period last year. Still, the company expects to see a recovery in the fourth quarter. As for the hotel business in other provinces, the company forecast strong growth, both in the third and fourth quarters, particularly the growth of hotels in Ko Samui, as well as the reopening hotels after renovations, such as Centara Mirage Pattaya. Therefore, the company forecasts a slight growth in this third quarter.
Meanwhile, CENTEL’s international hotel business is growing, with two of its Maldives hotels reporting strong performances. Their RevPARs may be weaker when compared to the same period last year but their declines are improving. Moreover, the advance booking in the fourth quarter is higher than the same period last year by about 50% due to the utilization of new market strategy and the increase of two new hotels’ advance booking compared to the previous quarter. The company estimated that occupancy rate (OCC) would reach 30 – 35% in the third quarter and increase to 55 – 60% in the fourth quarter for the two new hotels.
As for CENTEL’s hotel business in Japan, its 3Q25 performance is growing from the same period last year despite facing a temporary challenge in July as forecast news of tsunami caused some tourists to reschedule their plans. The business’ overall performance remains strong, with its RevPARs of third and fourth quarters are expected to record double-digit growth from the same periods last year. Additionally, the company’s hotels in Dubai also estimated to post strong growth during the last two quarters of this year.
Regarding CENTEL’s food business, if including the performance of its joint venture, the same store sales growth (SSSG) in July has expanded slightly by 1% due to the improvement of several brands, particularly Japanese food, such as Ottoya, Katsuya, and Shinkanzen. This improvement also continued into August. Furthermore, in the third and fourth quarters, the company plans to continue opening new branches, increasing the number of branches under the company by 4-5% from last year. As for the mergers and acquisitions (M&A) in the food business, the company is in the process of due diligence and expected to see clarity and progress by the end of the third quarter.
