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Thai (SET) Hotel and Resort REITs Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies8
  • 7D1.5%
  • 3M-0.05%
  • 1Y-6.1%
  • YTD-6.6%

The Hotel and Resort REITs industry is up 1.5% in the last week, with LH Hotel Leasehold Real Estate Investment Trust up 2.4%. However, the industry is down 6.1% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

Has the Thai Hotel and Resort REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025฿23.9b฿3.7b฿3.6b8.8x6.6x6.4x
Fri, 21 Nov 2025฿23.7b฿3.7b฿3.6b8.9x6.5x6.4x
Sun, 19 Oct 2025฿23.8b฿3.7b฿3.6b9.3x6.6x6.5x
Tue, 16 Sep 2025฿23.9b฿3.7b฿3.6b9.7x6.6x6.5x
Thu, 14 Aug 2025฿23.8b฿3.9b฿3.6b10.9x6.6x6.2x
Sat, 12 Jul 2025฿22.7b฿3.9b฿4.0b9.7x5.6x5.8x
Mon, 09 Jun 2025฿23.5b฿3.9b฿4.0b10x5.8x6.1x
Wed, 07 May 2025฿24.2b฿3.8b฿4.2b8.8x5.8x6.3x
Fri, 04 Apr 2025฿25.1b฿3.8b฿4.2b8.8x6x6.6x
Sun, 02 Mar 2025฿25.5b฿3.6b฿3.1b8.9x8.3x7x
Tue, 28 Jan 2025฿25.0b฿3.6b฿2.7b10.5x9.3x6.9x
Thu, 26 Dec 2024฿25.4b฿3.6b฿2.7b10.7x9.4x7.1x
Sat, 23 Nov 2024฿25.3b฿3.6b฿2.7b10.6x9.4x7x
Mon, 21 Oct 2024฿25.5b฿3.3b฿2.8b9.9x9.1x7.7x
Wed, 18 Sep 2024฿25.2b฿3.3b฿2.8b9.8x9x7.6x
Fri, 16 Aug 2024฿23.4b฿3.3b฿3.1b7.4x7.5x7.2x
Sun, 14 Jul 2024฿22.5b฿3.0b฿2.8b7.6x8.1x7.5x
Tue, 11 Jun 2024฿24.1b฿3.1b฿2.9b8.1x8.2x7.9x
Thu, 09 May 2024฿26.8b฿3.0b฿2.6b9.6x10.4x9x
Sat, 06 Apr 2024฿27.4b฿3.0b฿2.6b9.5x10.7x9.2x
Mon, 04 Mar 2024฿28.5b฿3.3b฿2.6b9.7x11.1x8.8x
Wed, 31 Jan 2024฿29.8b฿3.2b฿1.1b11x26.8x9.3x
Fri, 29 Dec 2023฿29.2b฿3.2b฿1.1b10.8x26.9x9x
Sun, 26 Nov 2023฿27.9b฿3.2b฿1.1b10.2x25.7x8.6x
Tue, 24 Oct 2023฿22.0b฿3.1b฿1.3b9.3x17.5x7x
Thu, 21 Sep 2023฿23.1b฿3.1b฿1.3b9.7x18.3x7.4x
Sat, 19 Aug 2023฿24.5b฿2.9b฿1.4b9.8x17.7x8.5x
Mon, 17 Jul 2023฿24.4b฿2.8b฿2.0b9.8x12.1x8.6x
Wed, 14 Jun 2023฿24.7b฿2.8b฿2.0b9.9x12.2x8.7x
Fri, 12 May 2023฿24.8b฿2.4b฿1.6b10.5x15.2x10.4x
Sun, 09 Apr 2023฿24.4b฿2.4b฿1.7b10.4x14.7x10.1x
Price to Earnings Ratio

14.8x


Total Market Cap: ฿24.5bTotal Earnings: ฿1.7bTotal Revenue: ฿2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Hotel and Resort REITs Industry Price to Earnings3Y Average 11.1x20242025
Current Industry PE
  • Investors are pessimistic on the Thai Hotel and Resort REITs 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 6.6x which is lower than its 3-year average PE of 11.1x.
  • The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Hotel and Resort REITs industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Real Estate industry?

TH Market0.83%
Real Estate0.49%
Hotel and Resort REITs1.51%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
LHHOTEL LH Hotel Leasehold Real Estate Investment Trust฿12.703.3%
+฿419.6m
-5.9%PB1x
DREIT Dusit Thani Freehold and Leasehold Real Estate Investment Trust฿4.861.3%
+฿42.7m
-3.8%PB0.6x
LUXF Luxury Real Estate Investment Fund฿9.050.6%
+฿9.8m
14.6%PB0.7x