Tag Archives: CENTARA

Centara Hotels & Resorts, Thailand’s leading hotel operator, has revealed its recent business performance, expansion plans and strategic direction for the future, including multiple new hotels, fresh destinations and new brand concepts. This exciting era of growth will help the group reach its long-term goal of becoming a top 100 global hotel operator within five years – a vision that will see it reach a total of 200 hotels and resorts by 2026, up from 88 properties at present, and with approximately half of that growth coming from destinations outside of its native Thailand. Centara has just confirmed that it achieved total revenues of almost THB 1.09 billion (USD 33 million) in Q4 2021, an increase of 54% year-on-year, despite the continued impact of the pandemic. The growth is expected to gain more momentum in 2022 with the acceleration of the global travel and hospitality recovery, which will be supported by the further relaxing of travel restrictions into Thailand, and is buoyed by the resilience and strong performance of Centara’s key international destinations such as the Middle East and the Maldives.

Read More »