Despite the seasonal challenges and the impact of Thai Baht appreciation and hotel closures for renovations and rebranding in the UK, SHR achieved total revenue of THB 2,401 million from its hospitality business and related services in Q2 2025—maintaining parity with the previous year. This strong performance was driven by exceptional results from several key properties.
Strong Performance in Thailand and the UK: Thai hotels delivered outstanding results, with a 24 percent revenue increase year-on-year. SAii Laguna Phuket, in particular, achieved impressive performance despite the low season, boasting an Average Daily Rate (ADR) of THB 6,800 per night—a 34 percent increase—and a more than doubled Revenue per Available Room (RevPAR). Meanwhile, the Mount Royal Hotel Edinburgh, following a brand enhancement, saw its RevPAR rise by approximately ten percent year-on-year since its first peak season.
Strategic Asset Management: SHR successfully divested from a joint venture holding three UK hotels (Mercure Sheffield Parkway, Holiday Inn Darlington North, and Holiday Inn Dumfries), generating approximately GBP 12.5 million in proceeds. These funds will be used for debt repayment and shareholder returns. Furthermore, the company refinanced its UK loan facility, securing a two to three percent annual interest rate reduction, significantly easing its financial burden and enhancing its investment capacity.
First-Half 2025 Financial Highlights: SHR’s first-half 2025 revenue from hospitality and related services totaled THB 5,023 million, slightly below the previous year’s figures by approximately four percent. However, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by approximately two percent year-on-year to THB 1,324 million, reflecting effective cost control. The significant decrease in interest expenses, due to refinancing and lower interest rates, contributed to a nearly fourfold increase in net profit, reaching THB 200 million.
Growth Outlook and Strategic Initiatives: The company anticipates continued growth in the second half of 2025, driven by strong performance from its Thai properties, which are expected to further increase room rates, and its Maldivian hotels, which will benefit from the growth of the tourism sector. In July 2025, SHR enrolled four Thai hotels (under the SAii Hotels & Resorts and Santiburi brands) into the GHA DISCOVERY loyalty program (SAii DISCOVERY), a Global Hotel Alliance (GHA) program with over 30 million members worldwide. This strategic move is expected to further enhance the company’s market reach and brand recognition.
CEO Michael Marshall highlighted the company’s commitment to sustainable growth and expressed satisfaction with the dividend payment, rewarding shareholder trust. He emphasized the company’s ongoing efforts to enhance its assets and elevate SAii Hotels & Resorts’ global presence as a leader in sustainable luxury tourism.
The strong financial results and strategic initiatives undertaken by SHR demonstrate a commitment to sustainable growth and a positive outlook for the future of the company.
