S Hotels and Resorts reports a 57% surge in Q1’25 net profit,Enters Accelerated Growth Mode.

Bangkok, Thailand – S Hotels and Resorts Public Company Limited (SET: SHR), a leading international hotel and resort management company under Singha Estate Public Company Limited (SET: S), announced the financial performance of the first quarter of 2025 with net profit totalling 176 million baht, marking a substantial growth of 57% from the same period of last year. The result reflects cost management efficiencies in parallel with a continued commitment to financial restructuring to strengthen the foundation for stable and sustainable growth.

For the first quarter of 2025, SHR reported total revenue from hotel business and services of 2,622 million baht, strongly driven from 4 core properties in Thailand especially from SAii Laguna Phuket that had an outstanding performance after the completion of asset enhancement during the end of 2024. As a result, SAii Laguna Phuket lifted its average daily room rate (ADR) up to 16,404 baht in January 2025, increasing 45% from the same period last year, marking a new record high since the beginning of its operations. In addition, average ADR of the first quarter of 2025 was up 31% to 12,951 baht and the average revenue per available room (RevPAR) grew by 23%, driving a 12% YoY increase in Q1’25 RevPAR for the self-managed hotel portfolio in Thailand. This reflects the success of enhancing the potential of properties within the portfolio, aligned with the company’s strategy to elevate the quality of core assets. It highlights the distinct identity of the SAii brand through international standards and enhanced service offerings. This outstanding performance was also supported by the strong rebound of Outrigger Mauritius Beach Resort, which achieved a 16% YoY increase in RevPAR, and the performance of SO/ Maldives, after its first full year of operations, accelerated its growth with a remarkable 93% YoY surge in Q1 RevPAR.

Mr. Michael Marshall, CEO of SHR, stated that throughout the years, the company has remained committed to enhancing its business capabilities in line with strategic initiatives designed to strengthen its investment portfolio including hotel and resort renovation projects, brand elevation efforts, and improvements in portfolio and service efficiency which all of them have steadily yielded results. In addition, according to the diversified strategic locations, the company’s proactive marketing strategies and optimised sales channel development help enabled to access new high-potential markets, playing a key role in driving room rates and diversifying revenue streams. 

Furthermore, the company continues to prioritise efficient management practices to maximise operational performance under all market conditions. Therefore, the company could report Earnings before Interest Taxes Depreciation and Amortization (EBITDA) at 770 million baht, 5% higher than the previous year with Earnings before Interest Taxes Depreciation and Amortization Margin (EBITDA Margin) of 29% up from 27% in Quarter1 of 2024.

For the second quarter of the year, although it is the low season of most hotels, the company strongly believes that the performance will continue to move in line with the target, especially during April which Easter holiday has been delayed three weeks compared to last year. This will be another key factor in stimulating travel demand, particularly from European and North American markets.

For 2025, the company has set a revenue target of THB 11 billion and anticipates a significant surge in net profit, driven by strong hotel revenue growth, particularly in Thailand and the Maldives. The growth will be supported by effective and appropriate cost control measures. Besides growing its revenue, the company aims to achieve an EBITDA margin improvement of 1–1.5% compared to the previous year and will continue its financial strategy to reduce interest expenses by optimising debt structure, expecting the decrease in average interest rate by 50–100 basis points compared to the previous year. This could contribute to significant finance cost saving in the future”

Not only focusing on core performance enhancements, but the company also intends to manage appropriate funding sources to lift operational potential and strengthen long-term financial stability both from negotiation with banks to achieve the best financing terms and conditions as well as issuance of corporate debentures. The success of 1,700 million baht bond issuance during the first quarter, with the primary objectives of optimising the existing debt structure and reducing finance costs, will be a foundation to support sustainable long-term growth as well as reinforce investor confidence and strengthen relationships with business partners in the years to come.

“The company remains focused on executing its profit-driven strategy while maintaining its growth targets for 2025. It will continue to leverage its strengths in cost management as well as capitalize on the continual recovery of global tourism. Additionally, the company places strong emphasis on the ongoing development and enhancement of its hotel brands to create differentiation and competitiveness at the international stage” concluded Mr Marshall.

About S Hotels and Resorts Public Company Limited

S Hotels and Resorts Public Company Limited, the hospitality arm of Singha Estate Public Company Limited, is a fast-growing, Thai-inspired company with an extensive international portfolio and world-class standards. Specialising in the management and investment of high-quality hotels and resorts in desirable destinations across the globe, S Hotels & Resorts has created a collection of its own distinctive lifestyle brands, whilst also partnering with the hospitality industry’s leading names. The company aims to set new standards for leisure and lifestyle through diversified business platforms and to enhance value for all its stakeholders based upon a philosophy of sustainable development and delivering benefits to local communities. To learn more, please visit www.shotelsresorts.com or follow us on Facebook, Instagram, Youtube, or LinkedIn. 

About Singha Estate:

Singha Estate PLC. (SET: S) is an international real estate developer and investment company. Singha Estate builds
a well-balanced, sustainable business growth by diversifying its portfolio across residential, commercial, hospitality, and industrial estate and infrastructure projects. Through strong partnerships in Thailand and abroad, the company enriches people’s lives and ensures environmentally and socially responsible business operations with a vision of the “Entrusted and Value Enricher” to drive sustainable growth and deliver value to all stakeholders.

For more information, visit https://investor.singhaestate.co.th/en/home.

For more information and high-resolution images, contact:

Lalita Somboonsuk (Ta)

Corporate Marketing Communications Manager
S Hotels & Resorts | Singha Estate PCL
Tel: +66 (0) 2058-9888 ext. 320
E-mail: lalita.s@shotelsresorts.com 
Website: www.shotelsresorts.com