Gun Srisompong, Chief Financial Officer and Vice President of Finance and Administration of Central Plaza Hotel Public Company Limited (SET: CENTEL), revealed that in 4Q25, the average revenue per available room (RevPAR) for all hotels stood at THB 4,807 per room per night, representing a 35% increase compared to 3Q25. This resulted from a 22% quarter-on-quarter increase in the average room rate (ARR), reaching THB 6,267. Meanwhile, occupancy rate (OCC) in 4Q25 rose to 77%, up from 69% in 3Q25, in line with the tourism season.
RevPAR for 4Q25 increased 13% year-on-year, mainly due to the OCC rising to 77% from 70% last year and a 3% increase in ARR, primarily contributed by improved hotel performance in the Maldives, upcountry hotels, and Japan hotels.
Bangkok’s RevPAR grew 2% year-on-year to THB 3,682, supported by the increase in OCC from 80% to 82%, despite a 1% decrease in ARR to THB 4,495. Upcountry RevPAR rose 7% year-on-year to THB 3,597, thanks to OCC increasing from 64% to 72%, despite a 5% decrease in ARR to THB 4,967.
The main reason for this growth was the full reopening after major renovations of Centara Grand Mirage Beach Resort Pattaya. However, Centara Grand Hua Hin partially closed from April 2025, and Centara Grand Krabi has been entirely closed for major renovations since May.
Internationally, 4Q25 hotel performance was negatively impacted by the appreciation of the Thai baht. In the Maldives, RevPAR jumped 49% year-on-year to THB 8,877 (up 58% in US dollar terms) due to OCC rising from 45% to 63% and ARR up 8% (up 15% in US dollar) to THB 14,147. Meanwhile, Japan’s RevPAR was at THB 6,811, increasing 7% year-on-year, as OCC rose from 80% to 85% while ARR remained at THB 7,971 (up 7% in Japanese yen).
Overall, 2025 RevPAR increased by 5% year-on-year to THB 4,281, driven mainly by a 4% increase in ARR to THB 5,922, with OCC stable at 72%.
