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Monday, August 21, 2017
Dusit Thani Pattaya
The Dusit Thani Group of companies, also known as Dusit International is a Thai multinational hospitality company headquartered in Bangkok, Thailand. Founded by Thanpuying Chanut Piyaoui in 1948, the company is now led by her son Chanin Donavanik.
Financials
Dusit International's FY2016 revenues were 5,425 million baht, up one percent from 2015's 5,370 million. Net profits in FY2016 plunged 43 percent from 2015: from 199 million baht to 114 million. Total assets amounted to 9.033 million baht, down four percent year over year. Total liabilities dropped eight percent in FY2016 to 3,679 million baht.
The top seven Dusit International executives' remuneration in FY2016 was 57.13 million baht in salary and benefits, up from 32.51 million baht paid to eight executives in 2015.
Dusit Thani PCL has been listed on the Stock Exchange of Thailand (SET) since 1975. Its shares are not actively traded.
History
The group's origin dates back to 1948 when Thanpuying Chanut Piyaoui, opened her first hotel, the "Princess" in Bangkok. It had only 30 rooms but had the distinction of being the first modern hotel in Bangkok with a swimming pool.
The company takes its name and much of its character from the ideas of King Rama VI, whose thoughts on the modern state blended Western and Thai influences. In 1918, he created a utopian miniature city near Lumpini Park and named it Dusit Thani meaning "town in heaven". In Thai, Dusit is the mythological name for the fourth of the seven levels of heaven.
In 1970, the Dusit Thani Bangkok became the company's first flagship hotel. The 510-room hotel was the first luxury hotel and the tallest building in Bangkok for several years.
In 1987, Dusit acquired its first resort property, Dusit Thani Pattaya, followed by another beach resort in Phuket Province, the Dusit Thani Laguna Phuket. In 1989, Dusit Thani Hua Hin, formerly known as the Dusit Resort and Polo Club, opened. Royal Princess Chiang Mai was opened in Chiang Mai in 1991, followed by the Dusit Island Resort Chiang Rai.
In 1995, Dusit International acquired the Hotel Nikko Manila[7] by purchasing shares in the holding company, Philippine Hoteliers, Inc. (PHI), from Japan Airlines Development Company Limited and JAL Trading Inc. After the acquisition, the Hotel Nikko Manila came under the management of Dusit Thani Hotels and Resorts, and was renamed the Dusit Hotel Nikko, Manila. The Manila hotel underwent a major renovation programme and became Dusit Thani Manila in April 2008. It is known for the Supreme Court ruling on "Illegal Strike" which considered the shaving of heads by the employees of Dusit Hotel as tantamount to committing strike. The issue has been protested widely in the Philippines especially with the International Labour Organization's findings that the Philippine government and the Supreme Court violated the workers' right to freedom of expression and association and redefined the meaning of strike.
In November 2006, Dusit Thani added a brand extension, the Dusit Lifestyle Collection with dusitD2 hotels and resorts. dusitD2 is the second generation brand of Dusit Thani Hotels and Resorts. The first property in the dusitD2 collection opened in November 2006 in Chiang Mai. The second dusitD2 hotel, dusitD2 Baraquda Pattaya, was opened in February 2009.
In addition to the Dusit sub-brand extension, the company introduced Dusit Residence Serviced Apartments. Pearl Coast Premier Hotel Apartments, Dubai, United Arab Emirates was opened in January 2007, followed by Dusit Residence Dubai Marina, United Arab Emirates in 2008.
Dusit International's portfolio includes Dusit Princess Hotels and Resorts. The rebirth of the original Princess hotel came with the 1989 opening of the Royal Princess Larn Luang, Bangkok,. There are seven Dusit Princess properties in Thailand. The first Dusit Princess outside Thailand, Dusit Princess City Centre, Dubai, opened in December 2009.
In 2007, Dusit formed a joint venture agreement with Bird Hospitality Services (BHS) to bring Dusit International brands to India. The first property in the Dusit Devarana collection opened in 2013 in New Delhi.[19] In 2014, Dusit Thani introduced its second Devarana property signing with an agreement with Zhuzhou Nature Real Estate Development Company. The Dusit Devarana Hot Springs & Spa Resort Zhuzhou is set to open in 2019.
Dusit Thani Dongtai was the first Dusit Thani to launch in China. Dusit Thani Fudu Qingfeng and dusitD2 Fudu Binhu Hotel also opened in 2016 followed by Dusit Thani Dongtai.
Dusit Thani announced the opening of three hotels in China as well as 45 other projects in the pipeline, including Dusit Thani Abu Dhabi, Dusit Residence West Bay Doha, Dusit Thani Dilmunia Bahrain, and Dusit Thani Jeddah.
In October 2014, Dusit International signed a deal with Springfield Land Corporation to build the Dusit Thani Brookwater Golf and Spa Resort in Queensland, Australia. Construction started in mid-2016 and is scheduled for completion in 2019.
The group's other business are hotel management of both Thai and overseas properties, and education, through the Dusit Thani College and a Bangkok culinary school joint venture with Le Cordon Bleu of France. In 1993, Thanpuying Chanut founded Dusit Thani College. In 2009 it initiated a programme with Lyceum of the Philippines University. Additionally, the college opened its new campus in Pattaya in 2011.
In August 2007, the Le Cordon Bleu Dusit Culinary School opened, making it the first of its kind in the Southeast Asian region.
Besides these, The Dusit Executive Development Center (DEDC) was established in 2005 as a subsidiary of Dusit Thani Public Co., Ltd. to provide executive training and development courses to individuals and various organisations.
From the experience of staying at Dusit Thani Pattaya, I like the atmosphere at the pool, which overlooks the beautiful sea.
This is great for relaxation.
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