CENTEL reports jump in Q2 profit on rise in foreign tourists

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/CENTEL-reports-jump-in-Q2-profit-on-rise-in-foreig-30292547.html

FINANCIAL RESULT

CENTRAL PLAZA HOTEL (CENTEL) has enjoyed a 44-per-cent surge in second-quarter operating profit to Bt354 million on an 8-per-cent increase in foreign tourists.

Chairman Suthikiati Chirathivat said yesterday that consolidated revenues for the second quarter rose 6.7 per cent to Bt4.77 billion from the same quarter last year.

The hotel business picked up by 4.4 per cent to Bt1.93 billion and the food business by 8.4 per cent to Bt221 million.

The mix from the hotel and food businesses was 40.5:59, compared with 41.4:58.6 for the second quarter of last year.

About 30 per cent of international arrivals were Chinese, representing a 13-per-cent increase in arrivals year on year.

European arrivals increased by 11 per cent, driven mainly by the 38-per-cent growth in tourists from Russia, which indicates the continuing recovery of this source market.

This positive tourism trend corresponds to the improvement in average achieved occupancy (OCC) for Centel’s hotel properties from 76 per cent to 78 per cent.

The achieved OCC for its Maldives hotels also moved up from 77 per cent to 82 |per cent, mainly because of higher bookings for the Centara Grand Island Resort and Spa.

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