Central Plaza Hotel Public Company Limited (SET: CENTEL) has announced its 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
110.34 | 167.52 |
| Earning Per Share (Baht) |
0.0800 | 0.1200 |
| % Change | -34.13 | |
| 6 Months | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
858.19 | 922.84 |
| Earning Per Share (Baht) | 0.6400 | 0.6800 |
| % Change | -7.01 | |
In the second quarter of 2025, CENTEL recorded a net profit of THB 110 million, a decrease of 34% YoY when compared to the same period of the previous year, which had a net profit of THB 168 million.
The company’s performance is also related to the overview of the tourism industry in Thailand, the Maldives, Dubai, and Japan. The detail of the industry’s outlooks in these regions are as follow:
In Thailand, the number of international tourist arrivals was 7.1 million, decreased 12% YoY, majorly from the decrease in Asian tourists, which contributed approximately 70% of total arrivals.
In Maldives, the number of international tourist arrivals was 475,708, a growth of 16% YoY, mainly driven by an increase in European tourists by 21% YoY, which accounted for around 55% of total arrivals.
Regarding 2Q25 total revenue, the company had total revenue of THB 5,828 million, showing an increase of THB 36 million or 1% YoY when compared to the same period of the previous year, which had a total revenue of THB 5,792 million.
CENTEL’s revenues were generated from two businesses, which are hotel business and food business. The details of their performances are as follows:
The performance of hotel business achieved total revenues of THB 2,530 million, an increase of THB 131 million or 5% YoY, mainly driven by the performance of hotel in Japan, the full reopening after major renovations of Centara Grand Mirage Beach Resort Pattaya and Centara Karon Phuket, together with additional revenue from two newly opened hotels in the Maldives.
Although the company gained in hotel business’ revenue, it had a net loss of THB 84 million, a decrease of 347% YoY from the same period from last year’s net profit of THB 34 million.
Compared to the same period last year, RevPar of the company’s hotel business in 2Q25 was THB 3,692, close to 2Q24’s. The ARR improved by 7% to THB 5,558, while the OCC decreased from 71% to 66%, mainly due to the performance of hotels in Bangkok and Maldives. Particularly, the performance of the two existing hotels in the Maldives softened compared to the same period last year, while the Centara Mirage Lagoon Maldives and the Centara Grand Lagoon Maldives were still in the early stage of opening.
The food business achieved total Revenues of THB 3,298 million, a decrease of THB 95 million or 3% YoY. The Same Store Sales (SSS) growth – Excluding Joint Ventures and “The Terrace” under management decreased to -3% YoY (2Q24: SSS 2%) and Total System Sales (TSS) growth – Excluding Joint Ventures and “The Terrace” under management decreased to -3% YoY (2Q24: 6%). This was mainly due to the softened performance of KFC and Mister Donut, while the brands that recorded revenue growth were Ootoya and Katsuya.
