Onyx's gaze wanders overseas | Bangkok Post: business

Business > News

Onyx's gaze wanders overseas

Hopes to add 5-10% to profit, RevPar

- +

Onyx Hospitality Group, a local hotel management company, is confident it can increase operating profit and revenue per available room (RevPar) by 5-10% this year, thanks to booming tourism. 

"Our growing portfolio and cost efficiency have allowed us to invest more in existing properties and achieve solid margin progression," said president and CEO Peter Henley.

Tourism recovered last year and the momentum is continuing this year. This prompted the group to open its first overseas hotel, Amari Doha, earlier this year. It will introduce the first hotel under the OZO brand, OZO Wasley, in Hong Kong in the second half of the year.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments