Dear Shareholders,
On behalf of the Board of Directors, I am pleased to present the Annual Report of Central Plaza Hotel Plc for the year ending 31 December 2022.
While the COVID-19 pandemic continued to impact the global travel and hospitality industry, 2022 witnessed a strong rebound and an increase in tourist arrivals. Across our entire organisation, we have come together as a team to overcome obstacles and meet our strategic goals for revenue delivery and business expansion. We added three new operating hotels in Thailand and one in Oman to our portfolio in the past year and have over 40 additional projects currently in development both domestically and abroad. I am optimistic for 2023 and highly confident it will be a year of great success.
As Centara Hotels & Resorts moves into the year of its 40th anniversary, I reflect upon all that we have achieved over the last four decades. From the building of our first-ever hotel in a suburban construction site in Bangkok to our current portfolio of 92 Centara hotels and resorts across six distinctive brands in 13 countries, we are progressing well on our journey to become a top 100 global hospitality group – a feat that brings both pride and optimism for what we are capable of as an organisation in the future.
For our restaurant business under Central Restaurants Group Company (CRG), wholly owned by our Company , with post-COVID rebound and recovery due to customer confidence in doing activities outside and dining out, Central Restaurants Group has taken a proactive approach to boost the new S-curve growth of the restaurant business by accelerating new branch openings, introducing shop-in-shops, expanding cloud kitchen facilities, and increasing online delivery service continuously. Another key strategy is to strengthen the Company’s portfolio by investing in The Food Selection Group Company Limited (Shinkanzen Sushi) and introducing “Ramen Kagetsu Arashi”, a new restaurant brand, believing that they will be integral to strengthening the Company’s restaurant portfolio.
As we work to expand our business, and very importantly to provide the most memorable and delightful experiences for our guests, I remember the Thai family values upon which Centara is built and attribute our remarkable success to the support of our shareholders, business partners, suppliers and staff.
It is our sense of unity that allows us to continue working toward and achieving our common goals.
I would like to say thank you for the hard work and dedication of our team over the past 12 months, as well as to our valued shareholders and business partners for your unwavering commitment to our vision. 2023 is a year of tremendous promise and potential for the growth of our Company, and I look forward to sharing our successes with you all.
Mr. Suthikiati Chirathivat
Chairman of the Board
