S Hotels & Resorts targets sustainable expansion with 50 new hotels & resorts in the next five years

S Hotels & Resorts targets sustainable expansion with 50 new hotels & resorts in the next five years

SO/ Maldives, the third way of life resort at CROSSROADS Maldives, is sustainably powered by photo voltaic panels on the roofs of its luxurious over-water villas

 

S Motels and Resorts PCL, the worldwide hospitality firm from Singha Property PCL, has revealed plans to considerably and sustainably increase its enterprise within the coming years, with a goal of THB 12 billion (approx. USD 337 million) in income throughout its 5 world markets in 2024, and including 50 new resorts and resorts within the subsequent 5 years.

The corporate will concentrate on driving operational efficiencies, enhancing its portfolio by way of the renovation and repositioning of properties in prime places, the uplift of SAii, its upper-upscale way of life resort model, and profiting from alternatives for mergers & acquisitions (M&A) to increase its portfolio in numerous places. Each side of S Motels & Resorts’ operations will likely be taken sustainably, according to the group’s world dedication to the planet and its individuals.

A complete renovation challenge has reworked the lodging at SAii Laguna Phuket, together with the resort’s Premium Lagoon Rooms (pictured)

2023 noticed S Motels & Resorts attain a significant milestone when it launched SO/ Maldives, which marked the completion of its CROSSROADS Maldives challenge. Renovation work is now persevering with at SAii Laguna Phuket and SAii Phi Phi Island Village, while different properties in key cities within the UK – together with Manchester, Edinburgh, Leicester, and Glasgow – will likely be evaluated for repositioning and rebranding. Trying additional forward, the corporate has allotted THB 15 billion for M&A alternatives, specializing in high-potential leisure locations in European international locations, together with the UK, Asia Pacific, Fiji, and the Indian Ocean.

The SAii model will likely be progressively enhanced to concentrate on premium way of life escapes. Visitor experiences will likely be elevated and redefined to align with modern world tendencies, together with sustainability, well being and wellness, uplifted F&B ideas and extra. The improved SAii model will function the muse for an asset-light growth technique, with the goal of fifty extra properties inside 5 years by way of a mixture of resort administration agreements (HMAs), joint ventures (JVs) and tactical asset acquisitions.

Michael Marshall, Chief Govt Officer, S Motels & Resorts, commented: “The continued resurgence of the worldwide tourism business all through 2023 and the advantageous places of our resorts in main vacationer locations have contributed to S Motels & Resorts’ notable successes. We now have achieved a THB 10 billion income milestone and maintained our place because the No. 2 Thai resort operator when it comes to income. The renovation of core resort property has been a significant increase to our Common Every day Price (ADR), which rose by 20%. For 2024, S Motels & Resorts is working in direction of its major objective of boosting profitability. By persevering with to drive effectivity and specializing in progress, the corporate goals to generate THB 12 billion in income this yr.”

S Motels & Resorts’ total world operations are underpinned by its dedication to sustainability. In 2024, the corporate goals to cut back its carbon emissions by 5% annually, by way of initiatives comparable to photo voltaic panels being put in at resorts in Thailand and the Maldives. A latest Memorandum of Understanding (MoU) with the Maldives authorities has seen CROSSROADS Maldives’ conservation space being named as a part of an Different Efficient Space-Based mostly Conservation Measures (OECMs) programme. The world masking 3.1 million sq. metres, roughly 31% of the whole challenge dimension, is the most important protected marine space within the Indian Ocean.

The group’s Marine Discovery Centres in Thailand and the Maldives are focusing on 50,000 guests per yr, with a variety of instructional actions and conservation tasks, and its resorts’ eating places have made a dedication to utilizing regionally sourced components and farm-to-table menus.

Michael Marshall, CEO of S Motels & Resorts, presents the corporate’s 2024 technique, which integrates sustainability into each side of the enterprise

 

“S Motels & Resorts is on observe to turn out to be carbon impartial and enhance key biodiversity areas by 30% by 2030, according to Singha Property’s long-term sustainability dedication. As travellers’ calls for proceed to evolve, our distinctive choices and well-positioned asset portfolio will allow us to capitalise on rising wants and seize enterprise alternatives within the current and the longer term,”  Michael Marshall concluded.



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