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Bangkok Post
Bangkok Post
Business

Property Perfect records hotel revenue surge in Q1

Carlos Martinez SET
The Siam Yacht Club at the Royal Orchid Sheraton by the Chao Phraya River, a riverside restaurant the hotel renovated during the pandemic.

SET-listed developer Property Perfect recorded hotel revenue growth of more than four times in the first quarter of 2023 thanks to a robust recovery in the tourism sector.

Wongsakorn Prasitvipat, managing director, said the company's hotel business under its subsidiary Grande Asset Hotels & Property recorded a surge of 321% in revenue in the first quarter of 2023, from 212 million baht in the same period last year.

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