Bangkok, Thailand – S Hotels and Resorts Public Company Limited (SET: SHR), a leading international hotel and resort management company under Singha Estate Public Company Limited (SET: S), led by Mr Apisak Tantivorawong, Chairman of the Board of Directors; Mr Naris Cheyklin, Chairman of the Executive Committee; Mrs Thitima Rungkwansiriroj, Vice Chairman of the Executive Committee and Mr Michael David Marshall, Chief Executive Officer, together with the Board of Directors, held the company’s Annual General Meeting of Shareholders for the year 2025 on 24 April 2025. A key agenda item was to acknowledge the company’s performance in 2024 and approve a dividend payment based on the year's earnings.
Mr. Michael Marshall, CEO, stated after the meeting that the 2024 performance report reflected another strong year for SHR, with total revenue reaching THB 10.35 billion — a 7% year-on-year increase and the highest in the company’s history, and net profit of THB 133.9 million, soaring at an impressive rate of 55% from 2023 level. As a result, the meeting approved a dividend payment of THB 0.03 per share, THB 107,809,200, which doubles the previous year’s level and represents 41.30% of the net profit, as per the separate financial statements after deducting legal reserves, in line with the company’s dividend policy. The recorded date for shareholders entitled to receive the dividend was set for 14 March 2025, with the payment scheduled for 8 May 2025.
Looking ahead to 2025, the company is committed to executing its business development plan to strengthen its investment portfolio, enhance service standards, and drive sustainable growth. Key strategies include:
Portfolio Efficiency Improvement Strategy
The company plans to renovate three additional properties in the United Kingdom, located in key tourist and economic hubs, to enhance service standards and profit potential. It will also pursue an Asset Rotation Strategy, selling non-core assets that do not align with SHR’s growth strategy and reinvesting in high-potential properties, in line with the diversification strategy.
Defensive Renovation Projects
To maintain its quality of services and competitiveness, SHR plans to renovate certain properties in its portfolio during off-peak seasons to minimise disruption and ensure readiness for the next peak season.
Products and Services Development
The company will launch SAii Beach Club across all SAii Hotels & Resorts, accompanied by a unique brand-specific food and beverage menu to boost non-room revenue. It also plans to enhance MICE services and expand its sustainable event management under the EIC Certification standard.
Brand Enhancement Strategy
SHR continues to elevate SAii Hotels & Resorts as a world-class brand and a premier destination for sustainable luxury travel. The brand will grow under a flexible and efficient asset-light business model, with expanded hotel management services offered to global investors.
“The 2024 performance reflects SHR’s commitment to stable and sustainable growth. We are pleased to reward our shareholders’ trust with this year’s dividend payment. Looking ahead to 2025, we will continue to enhance our assets and elevate SAii Hotels & Resorts on the global stage, reinforcing our leadership in sustainable luxury tourism,” Mr. Marshall concluded.
Portfolio Efficiency Improvement Strategy
The company plans to renovate three additional properties in the United Kingdom, located in key tourist and economic hubs, to enhance service standards and profit potential. It will also pursue an Asset Rotation Strategy, selling non-core assets that do not align with SHR’s growth strategy and reinvesting in high-potential properties, in line with the diversification strategy.
Defensive Renovation Projects
To maintain its quality of services and competitiveness, SHR plans to renovate certain properties in its portfolio during off-peak seasons to minimise disruption and ensure readiness for the next peak season.
Products and Services Development
The company will launch SAii Beach Club across all SAii Hotels & Resorts, accompanied by a unique brand-specific food and beverage menu to boost non-room revenue. It also plans to enhance MICE services and expand its sustainable event management under the EIC Certification standard.
Brand Enhancement Strategy
SHR continues to elevate SAii Hotels & Resorts as a world-class brand and a premier destination for sustainable luxury travel. The brand will grow under a flexible and efficient asset-light business model, with expanded hotel management services offered to global investors.
“The 2024 performance reflects SHR’s commitment to stable and sustainable growth. We are pleased to reward our shareholders’ trust with this year’s dividend payment. Looking ahead to 2025, we will continue to enhance our assets and elevate SAii Hotels & Resorts on the global stage, reinforcing our leadership in sustainable luxury tourism,” Mr. Marshall concluded.
