LH Mall and Hotel Co targets 25% revenue growth this year
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LH Mall and Hotel Co has set a target for revenue to grow this year by 25 per cent to Bt2.2 billion, up from Bt1.85 billion last year, based on an estimated rise in tourist arrivals.
“We expect to see an occupancy rate of 80 per cent,” said chief executive officer Suwanna Buddhaprasart.
She said the company expected its recently launched Grande Centre Point Sukhumvit 55 hotel to post full-year revenue of around Bt420 million. The hotel’s occupancy rate is expected to be 65 per cent this quarter and 80 per cent in the second quarter.
The hotel’s rooms are now priced at Bt4,000-Bt5,000 per night, expected to rise by 7-8 per cent this year, she said.
LH Mall and Hotel Co is a mall and hotel operator under real-estate developer Land and Houses.
