Dusit Thani to be a cautious investor

Hospitality firm Dusit Thani Plc plans to adopt a more cautious approach to new investments amid economic uncertainty, in a bid to recognise revenue from its residential projects by year-end.

- KANANA KATHARANGSIPORN

Suphajee Suthumpun, group chief executive, said various external and internal uncertainties have affected all business sectors.

“Hotel occupancy rates across the industry were tepid, but demand for meetings and events at our hotels has remained steady,’ she said. “However, we believe the co-payment tourism scheme can help to stimulate the domestic market.”

Given the economic environment, Dusit will continue to monitor expenses and cut costs, observing the outlook before rolling out new investments this year, said Ms Suphajee.