The Investor Relations team of The Erawan Group Public Company Limited (SET: ERW) revealed to “Kaohoon” that ERW’s overall performance for 1Q25 is expected to be very strong and in line with its set targets.
This robust growth is attributed mainly to maintaining high occupancy rates (OCC), despite some late-quarter challenges caused by an earthquake and the headline case of a Chinese tourist abduction impacting confidence.
ERW has scheduled its Board of Directors’ meeting to review and approve the 1Q25 results, with the financial statements set to be disclosed on May 14, 2025.
The company further anticipates the earthquake will affect overall confidence in Thailand’s tourism sector, with a potentially more pronounced impact on foreign tourist arrivals in 2Q25. ERW’s Hop Inn brand holds the number one market position in Thailand, catering both to domestic and international guests.
In the second quarter every year, ERW’s international customer base is typically softer due to Thailand’s tourism low season. However, the company’s strong base of Thai travelers usually provides substantial support and compensation, the IR spokesperson stated.
For the foreign segment, the company is closely watching for any additional economic or tourism stimulus policies from the government that could help revive foreign tourist sentiment, the spokesperson continued.
Looking ahead, ERW forecasts overall 2025 financial results to surpass those of 2024, when revenues totaled THB 8.05 billion and net profit reached THB 1.28 billion.
The positive outlook is driven by a steady increase in both Thai and international hotel guests. The company’s top five customer nationalities remain China, the United States, Thailand, Russia, Singapore, and India, with other nations following in order.
