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Thai (SET) Hospitality Industry Analysis

UpdatedMar 20, 2025
DataAggregated Company Financials
Companies23
  • 7D-0.1%
  • 3M-5.5%
  • 1Y-22.3%
  • YTD-6.5%

Over the last 7 days, the Hospitality industry has remained flat, although notably Shangri-La Hotel gained 14%. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Thai Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Mar 2025฿387.0b฿288.4b฿17.9b20x21.6x1.3x
Sun, 16 Feb 2025฿381.0b฿283.5b฿17.8b19.8x21.4x1.3x
Tue, 14 Jan 2025฿376.0b฿281.0b฿13.4b26.8x28.2x1.3x
Thu, 12 Dec 2024฿436.5b฿281.0b฿13.4b27x32.7x1.6x
Sat, 09 Nov 2024฿425.1b฿278.8b฿15.4b23.8x27.5x1.5x
Mon, 07 Oct 2024฿450.3b฿278.8b฿15.4b23.6x29.2x1.6x
Wed, 04 Sep 2024฿420.7b฿278.8b฿15.4b20.5x27.3x1.5x
Fri, 02 Aug 2024฿441.7b฿273.3b฿15.8b21.4x27.9x1.6x
Sun, 30 Jun 2024฿451.8b฿273.3b฿15.8b22.4x28.6x1.7x
Tue, 28 May 2024฿477.8b฿272.2b฿15.7b22.7x30.4x1.8x
Thu, 25 Apr 2024฿508.6b฿264.0b฿12.5b25.2x40.7x1.9x
Sat, 23 Mar 2024฿500.2b฿264.0b฿12.5b25.8x40.1x1.9x
Mon, 19 Feb 2024฿483.4b฿262.0b฿13.2b26.3x36.7x1.8x
Wed, 17 Jan 2024฿492.2b฿268.7b฿15.4b25.7x31.9x1.8x
Fri, 15 Dec 2023฿466.2b฿268.6b฿15.5b23.7x30.1x1.7x
Sun, 12 Nov 2023฿482.2b฿268.3b฿16.8b25.6x28.7x1.8x
Tue, 10 Oct 2023฿498.1b฿260.1b฿17.9b27.4x27.9x1.9x
Thu, 07 Sep 2023฿548.3b฿260.1b฿17.9b28.9x30.7x2.1x
Sat, 05 Aug 2023฿541.1b฿246.9b฿14.3b31.6x37.9x2.2x
Mon, 03 Jul 2023฿578.8b฿246.9b฿14.3b33.7x40.5x2.3x
Wed, 31 May 2023฿578.0b฿246.9b฿14.3b34.1x40.5x2.3x
Fri, 28 Apr 2023฿588.4b฿224.4b฿8.1b67.1x72.8x2.6x
Sun, 26 Mar 2023฿609.4b฿224.4b฿8.1b68.1x75.4x2.7x
Tue, 21 Feb 2023฿617.0b฿201.8b฿1.3b38.7x481.5x3.1x
Thu, 19 Jan 2023฿615.7b฿201.3b฿1.4b38x455.2x3.1x
Sat, 17 Dec 2022฿606.2b฿201.3b฿1.4b37.4x448.1x3x
Mon, 14 Nov 2022฿603.3b฿194.8b฿50.6m34.7x11921.4x3.1x
Wed, 12 Oct 2022฿551.8b฿173.4b-฿7,086,612,973.0048x-77.9x3.2x
Fri, 09 Sep 2022฿572.2b฿173.4b-฿7,086,612,973.0044.5x-80.7x3.3x
Sun, 07 Aug 2022฿549.0b฿146.5b-฿17,784,191,583.0060.4x-30.9x3.7x
Tue, 05 Jul 2022฿545.3b฿146.5b-฿17,785,887,583.0060.5x-30.7x3.7x
Thu, 02 Jun 2022฿563.3b฿146.5b-฿17,785,887,583.0062.6x-31.7x3.8x
Sat, 30 Apr 2022฿560.1b฿131.5b-฿23,247,904,876.00114.6x-24.1x4.3x
Mon, 28 Mar 2022฿527.9b฿131.5b-฿23,247,904,876.00116.6x-22.7x4x
Price to Earnings Ratio

-22.7x


Total Market Cap: ฿527.9bTotal Earnings: -฿23,247,904,876.00Total Revenue: ฿131.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Hospitality Industry Price to Earnings3Y Average 69.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Thai Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 21.6x which is lower than its 3-year average PE of 69.5x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 30% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Consumer Discretionary industry?

TH Market2.52%
Consumer Discretionary0.80%
Hospitality-0.14%
Restaurants1.57%
Hotels, Resorts and Cruise Lines-0.59%
Leisure Facilities-1.15%
Industry PE
  • Investors are most optimistic about the Leisure Facilities industry even though it's trading below its 3-year average PE ratio of 41.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 61% per year.
  • In contrast, the Restaurants industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SHANG Shangri-La Hotel฿47.5014.5%
+฿780.0m
-3.6%PE16.6x
SNP S&P Syndicate฿11.404.6%
+฿256.5m
-24.0%PE13.7x
OHTL OHTL฿330.004.4%
+฿211.4m
-22.9%PE11.9x
AU After You฿9.602.1%
+฿163.1m
0%PE26.4x
GRAND Grande Asset Hotels and Property฿0.0525.0%
+฿93.4m
-64.3%PS0.2x
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Latest News

SHANG

฿47.50

Shangri-La Hotel

7D

14.5%

1Y

-3.6%

LRH

฿38.25

Laguna Resorts & Hotels

7D

1.3%

1Y

-6.7%

GRAND

฿0.05

Grande Asset Hotels and Property

7D

25.0%

1Y

-64.3%

MUD

฿1.39

Mud & Hound

7D

4.5%

1Y

-22.3%

CENTEL

฿31.00

Central Plaza Hotel

7D

-7.5%

1Y

-29.1%

M

฿19.90

MK Restaurant Group

7D

0.5%

1Y

-44.7%

MAGURO

฿17.70

Maguro Group

7D

-4.3%

1Y

n/a

AU

฿9.60

After You

7D

2.1%

1Y

0%

JCKH

฿0.33

JCK Hospitality

7D

-2.9%

1Y

-26.7%

AWC

฿2.78

Asset World Corp

7D

-4.1%

1Y

-29.4%

VRANDA

฿4.66

Veranda Resort

7D

-0.4%

1Y

-15.3%

SNP

฿11.40

S&P Syndicate

7D

4.6%

1Y

-24.0%

DUSIT

฿8.75

Dusit Thani

7D

-0.6%

1Y

-3.3%

OHTL

฿330.00

OHTL

7D

4.4%

1Y

-22.9%

MINT

฿27.50

Minor International

7D

-1.8%

1Y

-17.3%