Central Plaza Hotel enjoys good H1, eyes record growth
Central Plaza Hotel, the operator of Centara Hotels & Resorts and quick-service restaurants such as KFC and Mister Donut, is optimistic about its financial performance in the current second half, based on excellent performance in the first six months.
For the peak tourist season in the final quarter of the year, bookings have so far been high. The economic crisis in Europe has not had any impact on the business, according to Suthikiati Chirathivat, chairman of the board.
He said business performance this year would be better than last year and expected its growth would set a new record.
In the first half of this year, net profit soared 64.4 per cent to Bt729.3 million compared with the same period in 2011. Total consolidated revenue rose 29.1 per cent year on year to Bt7.26 billion.
The increases came from sustained growth in operating results of its food and hotel businesses, especially Centara Grand and Bangkok Convention Centre at CentralWorld, Centara Grand at Central Ladprao, and Centara Grand Beach Resort Phuket. Its average occupancy rate rose 5.6 percentage points to 70 per cent from the same period last year.
In the second quarter alone, it posted a 285.4-per-cent year-on-year increase in net profit to Bt163.8 million. Its total consolidated revenues rose 34.6 per cent to Bt3.54 billion. Of the total, Bt1.38 billion came from the hotel business and Bt2.16 billion from the food business, representing a revenue-contribution ratio of 39:61.
During the period, its average occupancy rate posted a year-on-year increase of 6.7 percentage points to 64.8 per cent.
Beyond KFC, its food-service chain includes Auntie Anne’s, Chabuton, Pepper Lunch and Ootoya.
