Dusit Thani Q1 2026 Profit Soars 419% on Hotel Growth and Dusit Central Park Unit Handovers

The Dusit Thani Group unveiled its first-quarter 2026 (January-March) financial results on May 18, 2026, reporting total revenue of 3,270 million baht, a 37.3% year-over-year increase. EBITDA reached 860 million baht, while net profit jumped to 249 million baht, up 418.8%, driven primarily by growth in hotel operations and residential unit handovers from the Dusit Central Park project.

Chanin Donavanik, President and Chief Executive Officer of the Dusit Thani Group, noted that Q1 2026 performance grew despite global geopolitical tensions. Key growth drivers included rising hotel revenues and residential unit deliveries from Dusit Central Park, with strong revenue growth and efficient fixed-cost management expanding operating margins significantly.

"Although foreign tourist arrivals in Thailand declined in the first quarter, our hotel business still grew, demonstrating our portfolio management and customer base diversification capabilities," Donavanik stated. Hotel properties achieved a 17% increase in revenue per available room (RevPAR) year-over-year, particularly Dusit Thani Bangkok, driven by higher occupancy rates and average room rates.

Hotel management contract revenues also grew despite geopolitical challenges in the Middle East impacting that region's performance. Moving forward, the company will closely monitor the situation and adjust operational strategies, placing greater emphasis on regional and domestic tourism while maintaining efficient cost controls.

For 2026, Dusit Thani projects overall revenue growth of 5-8% (excluding residential deliveries) and anticipates EBITDA margins of 18-20%. The company identified global geopolitical factors as the primary challenge, noting that any improvement in the global environment would benefit international travel and tourism, supporting future growth.