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Thai (SET) Hospitality Industry Analysis
UpdatedMar 25, 2026
DataAggregated Company Financials
Companies22
- 7D-2.5%
- 3M-7.5%
- 1Y-17.4%
- YTD-6.7%
Over the last 7 days, the Hospitality industry has dropped 6.2%, driven by Central Plaza Hotel declining 5.9%. However, the industry is down 22% over the past year. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Thai Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Mar 2026 | ฿306.6b | ฿278.8b | ฿14.7b | 17x | 20.8x | 1.1x |
| Fri, 20 Feb 2026 | ฿380.6b | ฿280.8b | ฿16.7b | 20.2x | 22.8x | 1.4x |
| Sun, 18 Jan 2026 | ฿311.2b | ฿278.7b | ฿17.3b | 15.9x | 18x | 1.1x |
| Tue, 16 Dec 2025 | ฿320.8b | ฿278.7b | ฿17.3b | 17.1x | 18.5x | 1.2x |
| Thu, 13 Nov 2025 | ฿316.6b | ฿279.2b | ฿15.7b | 21.2x | 20.2x | 1.1x |
| Sat, 11 Oct 2025 | ฿334.7b | ฿279.0b | ฿15.4b | 22.2x | 21.8x | 1.2x |
| Mon, 08 Sep 2025 | ฿341.2b | ฿279.0b | ฿15.4b | 19.4x | 22.2x | 1.2x |
| Wed, 06 Aug 2025 | ฿331.0b | ฿288.5b | ฿17.6b | 19.5x | 18.8x | 1.1x |
| Fri, 04 Jul 2025 | ฿312.8b | ฿289.4b | ฿17.4b | 18.4x | 18x | 1.1x |
| Sun, 01 Jun 2025 | ฿310.1b | ฿289.4b | ฿17.4b | 18.7x | 17.8x | 1.1x |
| Tue, 29 Apr 2025 | ฿339.3b | ฿288.4b | ฿17.9b | 17.8x | 19x | 1.2x |
| Thu, 27 Mar 2025 | ฿367.4b | ฿288.4b | ฿17.9b | 20x | 20.5x | 1.3x |
| Sat, 22 Feb 2025 | ฿400.7b | ฿282.9b | ฿16.4b | 26.2x | 24.4x | 1.4x |
| Mon, 20 Jan 2025 | ฿372.6b | ฿281.0b | ฿13.4b | 26.8x | 27.9x | 1.3x |
| Wed, 18 Dec 2024 | ฿416.4b | ฿281.0b | ฿13.4b | 26.4x | 31.2x | 1.5x |
| Fri, 15 Nov 2024 | ฿411.6b | ฿281.1b | ฿13.2b | 23.3x | 31.2x | 1.5x |
| Sun, 13 Oct 2024 | ฿451.9b | ฿278.8b | ฿15.4b | 23.8x | 29.3x | 1.6x |
| Tue, 10 Sep 2024 | ฿446.3b | ฿278.8b | ฿15.4b | 21.9x | 28.9x | 1.6x |
| Thu, 08 Aug 2024 | ฿411.5b | ฿277.3b | ฿15.5b | 20.5x | 26.6x | 1.5x |
| Sat, 06 Jul 2024 | ฿456.7b | ฿273.3b | ฿15.8b | 22.2x | 28.9x | 1.7x |
| Mon, 03 Jun 2024 | ฿471.7b | ฿272.1b | ฿15.7b | 23x | 30.1x | 1.7x |
| Wed, 01 May 2024 | ฿513.5b | ฿264.0b | ฿12.5b | 25.4x | 41.1x | 1.9x |
| Fri, 29 Mar 2024 | ฿502.2b | ฿264.0b | ฿12.5b | 25.8x | 40.2x | 1.9x |
| Sun, 25 Feb 2024 | ฿490.8b | ฿262.8b | ฿13.0b | 25.9x | 37.7x | 1.9x |
| Tue, 23 Jan 2024 | ฿477.2b | ฿268.7b | ฿15.4b | 25.1x | 30.9x | 1.8x |
| Thu, 21 Dec 2023 | ฿472.0b | ฿268.7b | ฿15.4b | 23.9x | 30.6x | 1.8x |
| Sat, 18 Nov 2023 | ฿481.9b | ฿268.6b | ฿15.4b | 25x | 31.2x | 1.8x |
| Mon, 16 Oct 2023 | ฿504.8b | ฿260.1b | ฿17.9b | 27.9x | 28.2x | 1.9x |
| Wed, 13 Sep 2023 | ฿541.5b | ฿260.1b | ฿17.9b | 28.8x | 30.3x | 2.1x |
| Fri, 11 Aug 2023 | ฿544.4b | ฿248.3b | ฿15.1b | 29.5x | 36x | 2.2x |
| Sun, 09 Jul 2023 | ฿554.3b | ฿246.9b | ฿14.3b | 31.9x | 38.8x | 2.2x |
| Tue, 06 Jun 2023 | ฿581.8b | ฿246.9b | ฿14.3b | 35.9x | 40.7x | 2.4x |
| Thu, 04 May 2023 | ฿594.6b | ฿224.4b | ฿8.1b | 67.8x | 73.6x | 2.6x |
| Sat, 01 Apr 2023 | ฿611.8b | ฿224.4b | ฿8.1b | 66.9x | 75.7x | 2.7x |
Price to Earnings Ratio
75.7x
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 20.1x which is lower than its 3-year average PE of 29.7x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 7.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Consumer Discretionary industry?
| TH Market | -1.65% | |
| Consumer Discretionary | -4.20% | |
| Hospitality | -2.52% | |
| Leisure Facilities | 1.43% | |
| Hotels, Resorts and Cruise Lines | -1.60% | |
| Restaurants | -5.36% | |
Industry PE
- Investors are most optimistic about the Restaurants industry, which is trading close to its 3-year average PE ratio of 26.6x.
- Analysts are expecting annual earnings growth of 9.3%, which is higher than its past year's earnings decline of 25.2% per year.
- Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, which is trading below its 3-year average of 31.7x.
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Restaurants industry is expected to see its earnings grow by 9.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MINT Minor International | ฿22.40 | 1.8% +฿2.2b | -16.3% | PE17.3x | |
| CENTEL Central Plaza Hotel | ฿33.75 | 2.3% +฿1.0b | 12.5% | PE22.9x | |
| AWC Asset World Corp | ฿2.08 | 1.0% +฿640.5m | -21.8% | PE10.4x | |
| ERW Erawan Group | ฿2.54 | 1.6% +฿195.5m | -6.6% | PE14.8x | |
| ASIA Asia Hotel | ฿6.05 | 1.7% +฿32.0m | 14.2% | PS1.4x |
