Announcement • Mar 14
Dusit Thani Public Company Limited, Annual General Meeting, Apr 27, 2026 Dusit Thani Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Feb 27
Full year 2025 earnings released: ฿0.68 loss per share (vs ฿0.42 loss in FY 2024) Full year 2025 results: ฿0.68 loss per share (further deteriorated from ฿0.42 loss in FY 2024). Revenue: ฿8.91b (down 19% from FY 2024). Net loss: ฿453.3m (loss widened 27% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 12
Third quarter 2025 earnings released: ฿0.49 loss per share (vs ฿0.67 loss in 3Q 2024) Third quarter 2025 results: ฿0.49 loss per share (improved from ฿0.67 loss in 3Q 2024). Revenue: ฿1.75b (up 22% from 3Q 2024). Net loss: ฿383.7m (loss narrowed 33% from 3Q 2024). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Oct 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Aug 28
Dusit Thani Public Company Limited Announces Resignation of Nualphan Lamsam as Director, Effective from August 26, 2025 Dusit Thani Public Company Limited announced that Mrs. Nualphan Lamsam submitted her resignation letter to the Company to resign from the position of Director due to her numerous responsibilities in various areas, including business, social work, and especially her full-time commitment to sports management. These duties may affect the time required to perform her role as a Director of the Company. Therefore, Ms. Nualphan Lamsam resigned from the directorship of the Company, effective from August 26, 2025. Reported Earnings • Aug 16
Second quarter 2025 earnings released: ฿0.38 loss per share (vs ฿0.19 loss in 2Q 2024) Second quarter 2025 results: ฿0.38 loss per share (further deteriorated from ฿0.19 loss in 2Q 2024). Revenue: ฿1.71b (up 10% from 2Q 2024). Net loss: ฿290.7m (loss widened 81% from 2Q 2024). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jul 15
Dusit Thani Public Company Limited to Report Q3, 2025 Results on Nov 11, 2025 Dusit Thani Public Company Limited announced that they will report Q3, 2025 results on Nov 11, 2025 Announcement • May 29
Dusit Thani Public Company Limited Announces Board Changes Dusit Thani Public Company Limited disapproved the election of directors to replace those retiring by rotation to be the directors for another term which are as follows Mr. Arsa Sarasin
Independent Director /Chairman of the Board of Directors; Mrs. Pranee Phasipol Independent Director /Chairperson of the Audit Committee; Mr. Pakhawat Kovithvathanaphong Independent Director /Chairman of the Investment Committee; and Mr. Somprasong Boonyachai Independent Director /Member of the Investment Committee /Member of Nomination, Remuneration and Corporate Governance Committee. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.11 in 1Q 2024) First quarter 2025 results: EPS: ฿0.02 (down from ฿0.11 in 1Q 2024). Revenue: ฿2.34b (up 15% from 1Q 2024). Net income: ฿47.9m (down 48% from 1Q 2024). Profit margin: 2.0% (down from 4.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Dusit Thani Public Company Limited to Report Q2, 2025 Results on Aug 11, 2025 Dusit Thani Public Company Limited announced that they will report Q2, 2025 results on Aug 11, 2025 Price Target Changed • Mar 28
Price target decreased by 8.5% to ฿13.50 Down from ฿14.75, the current price target is an average from 2 analysts. New target price is 55% above last closing price of ฿8.70. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of ฿0.32 next year compared to a net loss per share of ฿0.42 last year. Announcement • Feb 27
Dusit Thani Public Company Limited Proposes Change in Dividend Policy Dusit Thani Public Company Limited announced that the Board of Directors meeting held on February 25, 2025, deemed it appropriate to propose that the shareholders' meeting to be held on April 25, 2025 to approve the change of Dividend Payment Policy according to the aforementioned objective and reason by taking into account shareholders' interests. The details are as follows: Dividend Payment Policy (Existing): The Company has a policy to pay dividends to its shareholders in the amount of not less than 50% of net income in the consolidated financial statements after tax and legal reserve (if any) and not exceeding the retained earnings presented in the Company's financial statements and not opposed the Public Limited Companies Act. However, it is subject to the Company's investment and use of proceeds plan which the Board may consider paying dividends as appropriate by taking into account shareholders' interests. Dividend Payment Policy (Proposed): The Company has a policy to pay dividends to its shareholders in the amount of not less than 50% of net income in the consolidated financial statements after tax and legal reserve (if any) In case the Company's consolidated financial statements recorded accumulated loss, the Company may consider dividend payment from retained earnings of the Company's financial statements. However, the dividend payment shall not be contrary to the provisions of the Public Limited Companies Act and is subject to the Company's investment and use of proceeds plan which the Board may consider paying dividends as appropriate by taking into account shareholders' interests. The change of the Dividend Payment Policy will become effective for the financial statements ending 31 December 2025 onwards. Announcement • Feb 26
Dusit Thani Public Company Limited, Annual General Meeting, Apr 25, 2025 Dusit Thani Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: ฿0.42 loss per share (improved from ฿0.82 loss in FY 2023). Revenue: ฿11.1b (up 76% from FY 2023). Net loss: ฿236.8m (loss narrowed 66% from FY 2023). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jan 26
Dusit Thani Public Company Limited to Report Q1, 2025 Results on May 13, 2025 Dusit Thani Public Company Limited announced that they will report Q1, 2025 results on May 13, 2025 Announcement • Jan 16
Dusit Thani Public Company Limited to Report Fiscal Year 2024 Results on Feb 25, 2025 Dusit Thani Public Company Limited announced that they will report fiscal year 2024 results on Feb 25, 2025 Announcement • Jan 03
Dusit Thani Public Company Limited Announces Resignation of Chanpen Chanwanitwit as Assistant Vice President Dusit Thani Public Company Limited announced resignation of Miss Chanpen Chanwanitwit as Assistant Vice President, effective December 31, 2024. New Risk • Dec 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿3.0b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 13
Third quarter 2024 earnings released: ฿0.33 loss per share (vs ฿0.33 loss in 3Q 2023) Third quarter 2024 results: ฿0.33 loss per share (further deteriorated from ฿0.33 loss in 3Q 2023). Revenue: ฿1.44b (up 4.1% from 3Q 2023). Net loss: ฿538.1m (loss widened 94% from 3Q 2023). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2024 earnings released: ฿0.19 loss per share (vs ฿0.26 loss in 2Q 2023) Second quarter 2024 results: ฿0.19 loss per share (improved from ฿0.26 loss in 2Q 2023). Revenue: ฿1.56b (up 19% from 2Q 2023). Net loss: ฿130.8m (loss narrowed 39% from 2Q 2023). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.11 (vs ฿0.025 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.11 (up from ฿0.025 loss in 1Q 2023). Revenue: ฿2.04b (up 21% from 1Q 2023). Net income: ฿122.1m (up ฿143.1m from 1Q 2023). Profit margin: 6.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 29
Dusit Thani Public Company Limited, Annual General Meeting, Apr 29, 2024 Dusit Thani Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the Board of Directors’ report of the 2023 performance; to consider and approve the Audited Financial Statements for the year ended December 31, 2023; to consider and approve the omission of dividend payment for the 2023 performance; to consider and approve the election of directors to replace those retiring by rotation; to determine and approve the directors’ remuneration for the year 2024; and to consider other matters. Reported Earnings • Feb 29
Full year 2023 earnings released: ฿0.82 loss per share (vs ฿0.59 loss in FY 2022) Full year 2023 results: ฿0.82 loss per share (further deteriorated from ฿0.59 loss in FY 2022). Revenue: ฿6.32b (up 33% from FY 2022). Net loss: ฿569.8m (loss widened 14% from FY 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Jan 08
New major risk - Revenue and earnings growth Earnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Nov 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 16
Third quarter 2023 earnings released: ฿0.33 loss per share (vs ฿0.19 loss in 3Q 2022) Third quarter 2023 results: ฿0.33 loss per share (further deteriorated from ฿0.19 loss in 3Q 2022). Revenue: ฿1.39b (up 20% from 3Q 2022). Net loss: ฿247.0m (loss widened 53% from 3Q 2022). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Oct 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Advisor to the Board Hiran Radeesri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
Second quarter 2023 earnings released: ฿0.26 loss per share (vs ฿0.30 loss in 2Q 2022) Second quarter 2023 results: ฿0.26 loss per share (improved from ฿0.30 loss in 2Q 2022). Revenue: ฿1.32b (up 43% from 2Q 2022). Net loss: ฿185.9m (loss narrowed 28% from 2Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.15 loss in 1Q 2022) First quarter 2023 results: EPS: ฿0.02 (up from ฿0.15 loss in 1Q 2022). Revenue: ฿1.69b (up 85% from 1Q 2022). Net income: ฿8.63m (up ฿137.3m from 1Q 2022). Profit margin: 0.5% (up from net loss in 1Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Advisor to the Board Hiran Radeedri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: ฿0.19 loss per share (vs ฿0.36 loss in 3Q 2021) Third quarter 2022 results: ฿0.19 loss per share (improved from ฿0.36 loss in 3Q 2021). Revenue: ฿1.30b (up 172% from 3Q 2021). Net loss: ฿161.2m (loss narrowed 47% from 3Q 2021). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
Dusit Thani Public Company Limited Announces Changes to Audit Committee The Board of Directors Meeting of Dusit Thani Public Company Limited No.7/2022 held on August 15, 2022 approved as recommended by the Nomination, Remuneration and Corporate Governance Committee as follows: The appointment of Mrs. Pranee Phasipol as the Chairman of the Audit Committee in replacement of the vacant position with effect from August 15, 2022. Her tenure is equal to the remaining term of office for her directorship. The appointment of Ms. Piyaporn Phanachet as a Member of the Audit Committee in replacement of Mrs. Pranee Phasipol who was appointed as the Chairman of the Audit Committee with effect from August 15, 2022. Her tenure is equal to the remaining term of office for her directorship. Therefore, the Audit Committee will comprise three independent directors as follows: Mrs. Pranee Phasipol - Chairman of the Audit Committee; Mr. Teerapol Chotichanapibal - Member of the Audit Committee; Ms. Piyaporn Phanachet - Member of the Audit Committee. Announcement • Jul 20
Dusit Thani Public Company Limited Announces Resignation of Winid Silamongkol, Independent Director and Chairman of the Audit Committee, Effective July 31, 2022 Dusit Thani Public Company Limited inform that Mr. Winid Silamongkol submitted his resignation letter to the Company to resign from the position of Independent Director and Chairman of the Audit Committee due to his additional business engagement with the effective date on July 31, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.087 profit in 1Q 2021) First quarter 2022 results: ฿0.15 loss per share (down from ฿0.087 profit in 1Q 2021). Revenue: ฿1.11b (up 56% from 1Q 2021). Net loss: ฿128.7m (down 274% from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Apr 20
Dusit International Names Prateek Kumar as New Senior Vice President - Operations Dusit International has appointed Prateek Kumar as Senior Vice President - Operations, responsible for overseeing the operations of properties in EMEA, India, the Philippines, Singapore, the Maldives, Japan, and selected properties in Thailand. Khun Prateek first joined Dusit 14 years ago, in 2008, as General Manager of Dusit Thani Manila. In January 2013, he became General Manager of Dusit Thani Dubai. Two years later, he was promoted to Area General Manager - UAE, followed in 2017 by his most recent role: Regional Vice President - EMEA. In his new role as Senior Vice President - Operations, he will be responsible for enforcing brand quality standards, enhancing customer satisfaction, and delivering optimum financial returns at each property under his supervision. He will also continue to drive business development in EMEA and India, which have strong potentialfor Dusit's brands. His working base will remain to be Dubai, where he will continue to serve as General Manager of Dusit Thani Dubai. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿1.12 loss per share (up from ฿1.20 loss in FY 2020). Revenue: ฿3.43b (up 30% from FY 2020). Net loss: ฿945.0m (loss narrowed 6.5% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿1.12 loss per share (up from ฿1.20 loss in FY 2020). Revenue: ฿3.43b (up 30% from FY 2020). Net loss: ฿945.0m (loss narrowed 6.5% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Third quarter 2021 earnings released: ฿0.36 loss per share (vs ฿0.41 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ฿830.9m (up 101% from 3Q 2020). Net loss: ฿301.8m (loss narrowed 12% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2021 earnings released: ฿0.44 loss per share (vs ฿0.54 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿616.0m (up 49% from 2Q 2020). Net loss: ฿375.6m (loss narrowed 17% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 08
Director Varang Chaiyawan has left the company On the 31st of May, Varang Chaiyawan's tenure as Director ended after 11.8 years in the role. We don't have any record of a personal shareholding under Varang's name. Varang is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.88 years. Announcement • Apr 30
Dusit Thani Public Company Limited Approves the Omission of Dividend Payment for the Year 2020 Dusit Thani Public Company Limited approved the omission of dividend payment for the year 2020. Announcement • Mar 18
Dusit Thani Public Company Limited, Annual General Meeting, Apr 29, 2021 Dusit Thani Public Company Limited, Annual General Meeting, Apr 29, 2021, at 15:00 China Standard Time. Location: Srinakarin Hall, 2nd Floor, Building 1, Dusit Thani College Bangkok, 1 Soi Kaenthong (Soi Sirnakarin 49), Nong Bon Sub-district, Prawet Bangkok Thailand Agenda: To acknowledge the Board of Directors' report of the 2020 performance; To consider and approve the Audited Financial Statements for the year ended December 31, 2020; To consider and approve the omission of dividend payment for the 2020 performance; To consider and approve the appointment of directors to replace those retiring by rotation; To determine and approve the directors' remuneration for the year 2021; To consider and approve the appointment of auditor and the fixing of audit fee for the year 2021; to consider other matters. Is New 90 Day High Low • Mar 11
New 90-day high: ฿8.35 The company is up 6.0% from its price of ฿7.85 on 09 December 2020. The Thai market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Hospitality industry, which is up 10.0% over the same period. Reported Earnings • Feb 24
Full year 2020 earnings released: ฿1.20 loss per share (vs ฿0.38 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿3.21b (down 29% from FY 2019). Net loss: ฿1.01b (down 416% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 16
New 90-day high: ฿8.10 The company is up 14% from its price of ฿7.10 on 17 September 2020. The Thai market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 18% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: ฿0.40 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿616.4m (down 36% from 3Q 2019). Net loss: ฿342.3m (down ฿415.2m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 09
New 90-day high: ฿7.25 The company is up 4.0% from its price of ฿7.00 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 9.0% over the same period. Announcement • Jun 30
Dusit Thani Public Company Limited Updates on Temporary Closure of All Its Seven Owned Hotels in Thailand Reference is made to the Disclosure of Dusit Thani Public Company Limited for the temporary closure of all its seven owned hotels in Thailand from April 2020 until further notice. They are Dusit Thani Pattaya and Dusit Thani Laguna Phuket that has been temporarily closed following government directives and the five remaining owned hotels, namely Dusit Thani Hua Hin, dusitD2 Chiang Mai, Dusit Princess Chiang Mai, Dusit Princess Srinakarin Bangkok, and Dusit Suites Hotel Ratchadamri Bangkok, that has been no longer accepting new bookings. The temporary closures are short term measures. Though closed, all hotels can still provide food delivery to customers. Since COVID-19 outbreak situation in Thailand has seen positive signs, the government and government agencies has eased restrictions to control the epidemic widespread of COVID-19 and issued measures to promote local travelling to accelerating tourism, from June 2020, the Company and Dusit group has opened three of its owned hotels including Dusit Thani Hua Hin, Dusit Thani Pattaya, and Dusit Suites Hotel Ratchadamri, Bangkok. Properties managed by Dusit will begin opening from early July 2020 onwards, including dusitD2 Khao Yai; dusitD2 Ao Nang, Krabi; Dusit Thani Krabi Beach Resort; and Pathumwan Princess, MBK Centre, Bangkok. Other owned Dusit Hotels & Resorts in Thailand, which cater primarily to international visitors and business travellers, are slated to reopen when travel restrictions are further eased and `travel bubbles' are introduced. This includes Dusit Thani Laguna Phuket, dusitD2 Chiang Mai, Dusit Princess Chiang Mai, and Dusit Princess Srinakarin, Bangkok.