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Thai (SET) Hotel and Resort REITs Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies8
- 7D1.2%
- 3M2.0%
- 1Y-4.2%
- YTDn/a
Over the last 7 days, the Hotel and Resort REITs industry has risen 1.7%, driven by gains from LH Hotel Leasehold Real Estate Investment Trust of 2.5%. Meanwhile, MFC Patong Heritage Property Fund actually underperformed within the industry, shrinking 13% in the last week. In contrast, the industry has lost 6.3% in the last 12 months. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Thai Hotel and Resort REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 27 Nov 2025 | ฿23.7b | ฿3.7b | ฿3.6b | 8.9x | 6.5x | 6.4x |
| Sat, 25 Oct 2025 | ฿23.5b | ฿3.7b | ฿3.6b | 9x | 6.5x | 6.4x |
| Mon, 22 Sep 2025 | ฿24.2b | ฿3.7b | ฿3.6b | 9.7x | 6.7x | 6.6x |
| Wed, 20 Aug 2025 | ฿23.6b | ฿3.7b | ฿3.5b | 10.8x | 6.8x | 6.4x |
| Fri, 18 Jul 2025 | ฿23.3b | ฿3.9b | ฿4.0b | 9.8x | 5.8x | 6x |
| Sun, 15 Jun 2025 | ฿23.3b | ฿3.9b | ฿4.0b | 9.9x | 5.8x | 6x |
| Tue, 13 May 2025 | ฿23.9b | ฿3.8b | ฿4.1b | 8.9x | 5.9x | 6.2x |
| Thu, 10 Apr 2025 | ฿24.1b | ฿3.8b | ฿4.2b | 8.5x | 5.8x | 6.3x |
| Sat, 08 Mar 2025 | ฿25.9b | ฿3.8b | ฿4.2b | 8.6x | 6.2x | 6.8x |
| Mon, 03 Feb 2025 | ฿25.1b | ฿3.6b | ฿2.7b | 10.6x | 9.3x | 7x |
| Wed, 01 Jan 2025 | ฿25.5b | ฿3.6b | ฿2.7b | 10.8x | 9.5x | 7.1x |
| Fri, 29 Nov 2024 | ฿25.1b | ฿3.6b | ฿2.7b | 10.6x | 9.3x | 7x |
| Sun, 27 Oct 2024 | ฿25.0b | ฿3.3b | ฿2.8b | 9.7x | 8.9x | 7.5x |
| Tue, 24 Sep 2024 | ฿26.1b | ฿3.3b | ฿2.8b | 10x | 9.4x | 7.9x |
| Thu, 22 Aug 2024 | ฿23.3b | ฿3.3b | ฿3.1b | 7.4x | 7.5x | 7.2x |
| Sat, 20 Jul 2024 | ฿22.8b | ฿3.0b | ฿2.8b | 7.8x | 8.3x | 7.6x |
| Mon, 17 Jun 2024 | ฿23.6b | ฿3.1b | ฿2.9b | 8.1x | 8x | 7.7x |
| Wed, 15 May 2024 | ฿26.6b | ฿3.0b | ฿2.6b | 9.6x | 10.4x | 8.9x |
| Fri, 12 Apr 2024 | ฿27.1b | ฿3.0b | ฿2.6b | 9.6x | 10.6x | 9.1x |
| Sun, 10 Mar 2024 | ฿28.1b | ฿3.0b | ฿2.6b | 9.5x | 10.9x | 9.4x |
| Tue, 06 Feb 2024 | ฿28.4b | ฿2.8b | ฿2.5b | 11x | 11.3x | 10.1x |
| Thu, 04 Jan 2024 | ฿29.4b | ฿3.2b | ฿1.1b | 10.8x | 27.1x | 9.1x |
| Sat, 02 Dec 2023 | ฿28.0b | ฿3.2b | ฿1.1b | 10.2x | 25.8x | 8.6x |
| Mon, 30 Oct 2023 | ฿21.9b | ฿3.1b | ฿1.3b | 9.1x | 17.4x | 7x |
| Wed, 27 Sep 2023 | ฿23.1b | ฿3.1b | ฿1.3b | 9.7x | 18.3x | 7.4x |
| Fri, 25 Aug 2023 | ฿24.3b | ฿3.1b | ฿1.3b | 9.9x | 19.3x | 7.7x |
| Sun, 23 Jul 2023 | ฿24.6b | ฿2.8b | ฿2.0b | 9.8x | 12.2x | 8.6x |
| Tue, 20 Jun 2023 | ฿24.6b | ฿2.8b | ฿2.0b | 10.1x | 12.2x | 8.7x |
| Thu, 18 May 2023 | ฿24.8b | ฿2.4b | ฿1.6b | 10.7x | 15.2x | 10.4x |
| Sat, 15 Apr 2023 | ฿24.3b | ฿2.4b | ฿1.7b | 10.3x | 14.7x | 10.1x |
| Mon, 13 Mar 2023 | ฿25.3b | ฿2.4b | ฿1.7b | 10.9x | 15.3x | 10.5x |
| Wed, 08 Feb 2023 | ฿25.6b | ฿2.1b | ฿1.4b | 13.1x | 18.2x | 12.4x |
| Fri, 06 Jan 2023 | ฿24.6b | ฿2.1b | ฿1.4b | 12.9x | 17.5x | 11.9x |
| Sun, 04 Dec 2022 | ฿23.4b | ฿1.8b | ฿1.2b | 10.9x | 20x | 13.3x |
Price to Earnings Ratio
20x
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 6.5x which is lower than its 3-year average PE of 12.0x.
- The 3-year average PS ratio of 8.2x 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 46% per year over the last three years.
- Revenues for these companies have grown 29% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Thai Hotel and Resort REITs compare with similar industries?
| TH Market | -0.89% | |
| Real Estate | 0.92% | |
| REITS | -0.77% | |
| Hotel and Resort REITs | 1.19% | |
| Industrial REITs | -0.20% | |
| Specialized REITs | -0.21% | |
| Office REITs | -0.46% | |
| Residential REITs | -0.71% | |
| Diversified REITs | -0.77% | |
| Retail REITs | -1.37% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LHHOTEL LH Hotel Leasehold Real Estate Investment Trust | ฿12.60 | 1.6% +฿209.8m | -4.5% | PB1x | |
| CTARAF Centara Hotels and Resorts Leasehold Property Fund | ฿4.68 | 2.2% +฿32.0m | 1.7% | PB0.9x |