Bangkok Hotel Group Chasing Increased Revenue

Thailand’s Grande Centre Point Hotels (GCP), operator of the Grande Centre Point Terminal 21, a hotel with Sukhumvit suites in Soi 6, has recently set their target revenue for the year 2018. The hotel company, according to Managing Director Kitti Worrabanpott, of LH Mall & Hotel Co. Ltd., the owner of the GCP brand, has set a revenue target of approximately Bt2.4B in for 2018.

CEO Suwanna Buddhaprasart, LH Mall & Hotel, said that the GCP’s four hotel properties across the country boasted a combined revenue of over Bt2.2B in 2017, a 30% increase from last year’s figures. She added that, with the company’s average annual occupancy rate sitting at 85%, the growth of the company is set to continue for 2018, expected as a result of all the favorable forecasts and outlook for Thailand’s tourism and hotel industries.

The LH Mall & Hotel’s primary customer group usually hails from Asia, from Japan, Hong Kong and the surrounding countries, plus Malaysia, with some customers from the United Arab Emirates and the United States.

According to estimates from the Tourist Authority of Thailand, Thailand will be welcoming 37 million international arrivals in 2018, an increase of 2 million from 2017’s 35 million. The governmenthas  already taken steps to make sure of that, with policies and programmes aimed at promoting Thai tourism, and improving the country’s transport infrastructure.

The LH Mall & Hotel Group operates four hotels across Thailand. They are the Grand Center Point Sukhumvit 55, the Grand Centre Point Ratchadamri, the Grande Centre Point Ploenchit, and the Grande Centre Point Terminal 21, a Sukhumvit suites in Soi 6 near the popular shopping centre.

The group also has plans to open another property – the Grande Centre Point Pattaya – sometime within the latter half of 2018, which will be the its first property outside of the capital, and will increase the group’s total number of rooms in service to 2,100.

According to Suwanna, a major advantage of the group is prime location, with its hotels located in the capital, located near shopping areas, entertainment districts, central businesses and other key infrastructure, complete with access to city’s transportation systems.

She adds that the group is also looking for potential development locations in Bangkok for a new property, as part of its new business plan of opening at least one new hotel every year in the country.

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