S Hotels and Resorts PCL proudly announces its 2024 financial results, achieving a remarkable revenue of 10.352 billion Baht.
This figure represents a 7% increase from the previous year, signifying the company’s robust response to the global tourism resurgence. The substantial profit for the fourth quarter surged by 130%, amounting to 147 million Baht, attributed to successful renovations and the recovery of properties in strategic locations such as Mauritius.
The positive performance was bolstered by proactive marketing strategies that enhanced the company’s hotel and resort portfolio, particularly in the Maldives. The effective management of assets and service standards under the SAii brand has contributed significantly to improving operational efficiency. Core operating profit escalated by 25% to 1,246 million Baht, while net profit witnessed an impressive rise of 55% to 134 million Baht, leading to a proposed dividend payment of 0.03 Baht per share for 2024.
In February 2025, S Hotels and Resorts proffered debentures worth 1.7 billion Baht, enabling the firm to optimise its financial costs while laying the groundwork for ongoing business expansion. Chief Executive Officer Mr. Michael Marshall asserted that such performance validates the company’s robust development strategy and highlights the competitive edge of its portfolio, especially in Thailand and Outrigger hotels.
Looking ahead to 2025, S Hotels and Resorts is focused on completing renovation plans for three additional hotels in the United Kingdom. This initiative aims to elevate asset quality, enhance service standards, and rebrand while adhering to rigorous cost management practices. Such efforts are expected to maximise the revenue and profit potential of the company’s portfolio, reinforcing its position in the global hospitality sector.
