Dusit Thani Public Company Limited and its subsidiaries own and operate hotels and resorts in Thailand and internationally. The company operates through five segments: Hotel and Hotel Management, Education, Food, Real Estate Development, and Others. Its hotels and resorts are operated under brands including Dusit Thani, dusitD2, Dusit Princess, Dusit Suites, ASAI, Elite Havens, and Devarana Dusit; spas under Devarana Wellness and Namm Spa; and other businesses under DREIT, Dusit Hospitality Services, and Baan Dusit Thani. The company also provides hotel management and consultancy services, food and beverage catering and distribution, and operates Dusit Thani College, The Food School, and Le Cordon Bleu Dusit Culinary School. Founded in 1948, it is headquartered in Bangkok, Thailand.
Bang Tao Accounts for 62% of Phuket Units Completing in the Second Half of 2026
Phuket's real estate market is fiercely competitive, with Bang Tao clearly emerging as the centre of the upper-end residential market. Vadim Bukhalov, founder of VillaCarte Group, revealed that Bang Tao, Laguna and Layan are the main strategic areas for residential projects scheduled for completion in the near term. Bang Tao alone accounts for as much as 62% of all units scheduled for completion in the second half of 2026, and this will rise to 71% of units scheduled for completion in 2027. In value terms, Bang Tao holds units currently on sale representing 52.3% of the island total, yet their combined value reaches as high as 64.2% of total market value. A survey of 60 premium projects across Phuket found that 31 are located in Bang Tao and 8 in Layan, while 58.6% of all Lux and Lux+ units currently on sale in the province are in Bang Tao. Amid this large volume of new supply, VillaCarte Group's Layan Verde, which comprises 774 units in total, has partnered with Dusit International to manage more than half of all the units, and will also operate one of the project's two five-star hotels, responding to growing demand for branded residential projects.
VillaCarte Group · Demand · Positive VillaCarte Group's Layan Verde project secured Dusit International to manage more than half its units and run a five-star hotel, tapping growing demand for branded residential projects.
DUSIT.BK · Demand · Positive Dusit International partnered to manage over half of Layan Verde's 774 units and operate one of its two five-star hotels, responding to growing demand for branded residences.
KS-SBITO says floods only slightly dent tourism, recommends home-repair and retail stocks to benefit from recovery
Securities analysts at Kasikorn Securities, or KS, said that although nationwide reservoir water levels are as high as 78% of capacity, the tourism sector is still operating normally, so they estimate that third-quarter 2026 earnings for the tourism group will be affected only slightly. Airports of Thailand, or AOT, has reported no flight cancellations, and major airlines AAV, BA and THAI continue to operate as normal. Meanwhile, hotel operators led by AWC, CENTEL, DUSIT, ERW, MINT, SHR and VRANDA have suffered no property damage, though room booking cancellations in the provinces run about 2% to 15%, partly offset by guests extending their stays. KS therefore maintains its investment weighting on the hotel group, sees the drop in share prices driven by the flood factor as a buying opportunity, and recommends buying AWC with a target price of 3.74 baht, CENTEL with a target price of 48.11 baht, and THAI with a target price of 6.78 baht. Separately, SBI Thai Online, or SBITO, assesses that this crisis will be a medium-term boost for four main business groups in the recovery: the home repair and construction materials group, led by HMPRO, GLOBAL, DOHOME and MR.DIY; the retail and consumer goods group, led by CPALL and CPAXT; the communications group, led by ADVANC and TRUE; and the tourism group, where economic activity will gradually recover after the situation eases.
AWC.BK · Capital · Positive KS recommends buying AWC with a 3.74 baht target price, calling the flood-driven share drop a buying opportunity.
CENTEL.BK · Capital · Positive KS recommends buying CENTEL with a 48.11 baht target price, viewing the flood-related price drop as a buying opportunity.
CPALL.BK · Demand · Positive SBITO expects the retail and consumer goods group led by CPALL to benefit from medium-term recovery after the floods.
CPAXT.BK · Demand · Positive SBITO names CPAXT among the retail and consumer goods leaders expected to gain from post-flood recovery.
DOHOME.BK · Demand · Positive SBITO lists DOHOME in the home repair and construction materials group set to benefit from flood recovery.
GLOBAL.BK · Demand · Positive SBITO names GLOBAL among home-repair and construction materials leaders expected to benefit from post-flood recovery demand.
Dusit to Open Dusit Princess Ipoh on October 1, 2026
Dusit Thani Public Company Limited (DUSIT), in partnership with Plenitude Berhad, will open the Dusit Princess Ipoh hotel on October 1, 2026. This will be the third hotel in Malaysia under Dusit Thani's management, following Dusit Princess Malacca and Asai Kamuda Cove. The hotel is located in Ipoh, Perak, which in 2025 welcomed over 23.6 million domestic tourists, ranking as the third most visited state in Malaysia. The hotel features 268 rooms across five categories, along with event space totaling approximately 964 square meters, accommodating up to 400 guests. Mr. Chanin Donavanik, Group Chief Executive Officer of DUSIT, stated that this opening reinforces the strategy of expanding into high-potential destinations. Meanwhile, Madame Elsie Chua, Chairman of Plenitude Berhad, said that this collaboration will bring Thai hospitality to Ipoh and create memorable experiences for travelers.
DUSIT.BK · Demand · Positive Dusit will open Dusit Princess Ipoh on Oct 1, 2026, expanding its managed hotel portfolio into a high-potential Malaysian destination.
Plenitude Berhad · Demand · Positive Plenitude Berhad partners with Dusit to open the Dusit Princess Ipoh hotel, adding a hospitality venture to its portfolio.
DUSIT Confident 2026 Revenue to Grow 5-8%, Supported by Dusit Thani Hotel
Dusit Thani Public Company Limited (DUSIT) reaffirms its full-year 2026 performance target, expecting total revenue to grow 5-8%, excluding the delivery of the Dusit Central Park project. The company aims to maintain an EBITDA margin of 18-20% and keep capital expenditure (CAPEX) at 360 million baht. In the hotel business, especially Dusit Thani Bangkok, the average occupancy rate is 70-80%, and the average daily rate (ADR) exceeds 10,000 baht. For other hotels domestically and internationally, ADR is expected to grow 6-8%. In the real estate business, the Dusit Residences project has achieved 97% bookings, valued at 16 billion baht, with a target to transfer ownership within this year of 65%, or approximately 11 billion baht. Meanwhile, the food business is expected to see revenue growth of 8-12%, while the education business has revised its target down to 5-7% due to high competition.
Dusit Thani (DUSIT) has launched its first "Asai" branded hotel in Malaysia, named "Asai Kamuda Cove," which is currently the largest Asai hotel. It is scheduled to open on September 15, 2026. The hotel is located within the Kamuda Cove development, covering over 1,530 acres, about 20 minutes from Kuala Lumpur International Airport. It features 280 rooms with full amenities and emphasizes the "Live Local" concept, connecting guests with nature and the community. This opening marks Dusit Thani's second hotel in Malaysia, following Dusit Princess Malacca, and the fourth under the "Asai" brand, after Bangkok and Kyoto. Additionally, the location is about 20 minutes from Sepang International Circuit, which will host the Formula 1 race on October 2-4, 2026, boosting opportunities to attract tourists. Dusit Thani also plans to open Dusit Princess Ipoh in October 2026 to continue expanding its business in Malaysia.
DUSIT.BK · Demand · Positive Dusit Thani launched its first Asai hotel in Malaysia (Asai Kamuda Cove, 280 rooms), expanding its hotel portfolio and capacity to attract tourists.
Dusit Thani swings to first-half profit of 347 million baht
Dusit Thani Public Company Limited reported results for the second quarter of 2026 and the first six months of 2026, swinging from a loss to net profits of 97 million baht and 347 million baht respectively. The main supporting factors were revenue recognition from unit transfers at The Residences at Dusit Central Park and growth at Dusit Thani Bangkok, where average revenue per available room rose 21.5 percent. Total revenue in the second quarter was 3.633 billion baht, up 113.8 percent from the same period last year, while EBITDA was 761 million baht, up 550.4 percent. For the six-month period, total revenue was 6.903 billion baht, up 69.5 percent, and EBITDA was 1.621 billion baht, up 156.1 percent. The company maintains its full-year 2026 targets of total revenue growth of 5 to 8 percent and EBITDA at 18 to 20 percent of total revenue. Although it faces pressure from Middle East conflicts affecting hotels in the Maldives and the Middle East, its hotel portfolio in Thailand and Asia Pacific remains strong enough to partly offset the impact. The company is also expanding its hotel management business into Saudi Arabia, bringing the total number of hotels and villas under management to 290 across 19 countries, and issued its first debentures of 2026 worth 1.5 billion baht to repay maturing debentures.
Thailand
