Post by account_disabled on Dec 26, 2023 5:57:26 GMT
Mr. Weerawat Ongvasit, Chief Executive Officer Veranda Resort Public Company Limited or VRANDA revealed that VRANDA announced that in the 3rd quarter of 2020 there was a total revenue of 465 million baht, with revenue from hotel operations of 123 million baht, growing from the 2nd quarter of 2020 by 267% from the reopening. All 5 hotels will be fully serviced in September. together with the tourism promotion policy from the government “We travel together” which VRANDA has received support from Thai customers who love the unique design of Veranda Resort, causing the number of stays to gradually recover each month. Real estate business It continues to generate income from transfers of the Veranda Residence Hua Hin project.
Since the beginning of the year, there has been over 868 million baht in transfers, which is expected to reach the target of approximately 1,100 million baht by the Telegram Number Data end of this year. and predicts that next year will be able to generate transfer amounts It's close to this year. As for the dessert shop and cafe business, it continues to grow with income of 39 million baht in the 3rd quarter of 2020, growing 39% from the previous quarter. This is due to increased sales from both the reopening of the dine-in section and branch expansion. By the 9-month operating results of VRANDA It was still able to generate income from business diversification totaling 1,502 million baht while having continuous cost control measures, resulting in VRANDA having earnings before interest, taxes, depreciation and amortization (EBITDA) of 256 million baht.
The recovery trend of the tourism industry is even clearer after the world heard good news about the COVID-19 vaccine trial results that were more than 90% effective a few days ago. As for the investment plan to expand VRANDA business is preparing to open a new hotel, VERSO Hua-Hin - a Veranda Collection, with 39 rooms, in December 2020, which is the second hotel under the surname a Veranda Collection in the Khao Takiab area. Hua Hin is a city that is very popular among Thai children. This is proven by the revenue growth numbers in the 3rd quarter when compared to the same period last year for the Veranda Resort Hua Hin - Cha Am hotel. It is believed that the group of customers who like the Veranda Resort brand will give a good response to it. This is definitely a new hotel.
Since the beginning of the year, there has been over 868 million baht in transfers, which is expected to reach the target of approximately 1,100 million baht by the Telegram Number Data end of this year. and predicts that next year will be able to generate transfer amounts It's close to this year. As for the dessert shop and cafe business, it continues to grow with income of 39 million baht in the 3rd quarter of 2020, growing 39% from the previous quarter. This is due to increased sales from both the reopening of the dine-in section and branch expansion. By the 9-month operating results of VRANDA It was still able to generate income from business diversification totaling 1,502 million baht while having continuous cost control measures, resulting in VRANDA having earnings before interest, taxes, depreciation and amortization (EBITDA) of 256 million baht.
The recovery trend of the tourism industry is even clearer after the world heard good news about the COVID-19 vaccine trial results that were more than 90% effective a few days ago. As for the investment plan to expand VRANDA business is preparing to open a new hotel, VERSO Hua-Hin - a Veranda Collection, with 39 rooms, in December 2020, which is the second hotel under the surname a Veranda Collection in the Khao Takiab area. Hua Hin is a city that is very popular among Thai children. This is proven by the revenue growth numbers in the 3rd quarter when compared to the same period last year for the Veranda Resort Hua Hin - Cha Am hotel. It is believed that the group of customers who like the Veranda Resort brand will give a good response to it. This is definitely a new hotel.