AWC Targets Robust Q4 Growth Following 16% Net Profit Surge in Q3

 

Asset World Corp CEO Wallapa Traisorat outlined strategic expansion plans and Q4 expectations after posting a 16% year-on-year net profit rise.

 

Asset World Corp Public Company Limited (AWC) has outlined its corporate strategy and operational expansion plans following its third-quarter financial disclosure, backed by increased demand from international travellers and its existing asset portfolio.

 

During a media briefing on Thursday (November 12) following the third-quarter financial release, AWC Chief Executive Officer and President Wallapa Traisorat detailed the company's financial trajectory for the remainder of 2026 and into 2027, highlighting upcoming scheduled events, hotel operations, and the progression of the AWR Real Estate Investment Trust (REIT).

 

 

Corporate Strategy and Investment Plans

AWC's operational strategy centres on integrating hospitality, retail, and commercial spaces to capture tourism demand. Working alongside international hotel operators such as Marriott International, IHG Hotels & Resorts, Banyan Tree, and Meliá Hotels International, the company continues to develop projects across Thailand.

 

Wallapa outlined a rolling five-year capital expenditure plan of approximately THB 100 billion for ongoing property acquisitions and development.
 

 

 

A primary focus for the company is the establishment of the AWR Real Estate Investment Trust (REIT), structured as an initial public offering in the Thai capital market.

 

The initial portfolio comprises five freehold assets: Banyan Tree Krabi Resort, Banyan Tree Samui, Meliá Koh Samui, Pattaya Marriott Resort & Spa, and The Empire.

 

Financial institutions participating in the arrangement include BofA Securities, Morgan Stanley, and major domestic commercial banks. 

 

 

 

Fourth-Quarter Outlook and Operational Drivers

Looking toward the final quarter of 2026, Wallapa stated that the company has revised its fourth-quarter projections upward following booking indicators within the (Meetings, Incentives, Conferences, and Exhibitions) sector.

 

Revenue is expected to be supported by international gatherings, including upcoming IMF meetings and the Tomorrowland music festival scheduled for 11–13 December 2026 in Chonburi.

 

In the retail and commercial segment, performance will be influenced by visitor numbers at Asiatique The Riverfront Destination—which recorded a 38% increase in visitors during the first nine months of the year, driven by attractions such as Jurassic World: The Experience and SkyFlyers: Wings of Garudapterus—alongside the opening of the Better World Better Future exhibition at the Hatch Dome.

 

Additionally, the commercial division is scheduled to launch the EA Wellness Club at The Empire.

 

 

 

Third-Quarter 2026 Financial Performance

For the third quarter of 2026, AWC reported total revenue of THB 5,578 million, representing a 7.4% increase year-on-year, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) reaching THB 2,695 million.

 

Net profit for the period rose 16.0% year-on-year to THB 1,332 million, bringing total assets to THB 224,336 million.

 

 

 

Results across the two primary business units were as follows:

• Hospitality Business: Generated total revenue of THB 3,312 million (up 16.5% year-on-year) and EBITDA of THB 999 million (up 22.1% year-on-year). Average Revenue Per Available Room (RevPAR) stood at THB 4,014 per night, a 25.4% annual increase, supported by the MICE segment and leisure travel across Bangkok, Pattaya, and Chiang Mai.

 

• Lifestyle Commercial Business: Recorded revenue of THB 2,184 million (up 23.1% year-on-year) and EBITDA of THB 1,828 million (up 30.5% year-on-year). Office space occupancy at The Empire reached 74% at the end of the quarter.

 

Wallapa noted that the company maintains a focus on financial discipline and asset management to support operational performance across its portfolio.