DTGO Prosperous Limited (DTP), an investment and financial manage-ment company within DTGO, posted results for its 17 UK hotels, operated by a Singapore-listed subsidiary, with strong growth and average occupancy now near 80%. Tourism has seen a rapid post-COVID rebound in the UK, one of the first countries to reopen to foreign visitors.
The company continues to seek attractive projects to continue expanding its investments.
Mr. Hansa Susayan, Business Group Chairman – Finance & Investment of DTGO and Chairman of the Board of Directors of DTP, said that occupancy rose across all 17 hotels from 2020 (31%) in 2021 (51%) and 2022 (74%). Occupancy recovered in 2023 to 79.5%, a pre-pandemic level, driving an equivalent rise in DTP's revenue.
Mr. Hansa Susayan, Business Group Chairman – Finance & Investment of DTGO and Chairman of the Board of Directors of DTP
"Occupancy rates have returned to pre-COVID levels. Efficient management and operations are attracting tourists with high purchasing power to use these hotels at popular destinations across the UK," Mr. Hansa said.
DTP focuses on brownfield property projects, innovative businesses, funds, and asset manage-ment. The company last year acquired an 85% stake in ProsperCap, listed on the Singapore Ex-change (SGX), through DTP Inter Holdings.
ProsperCap operates, owns, and manages 100% of all the 17 UK hotel assets with a total of 3,383 rooms.
Revenue from these hotels grew 12.5% last year, generating over 6.8 billion baht for DTP.
DTP is going ahead with its plans to invest and raise funds domestically and overseas, said Mr. Hansa.
The company is expanding its diverse investment base in line with DTGO's mission to operate sustainably and benefit people and the planet.
DTP's 17 Hotels in the UK