ONYX Hospitality Group expects revenue to be 15 per cent ahead of 2014 by year end despite several challenges during the year. The Thai hotel chain also expects to meet its target of tripling gross operating profit by 2018 on the back of a 36 per cent rise in GOP in the first three quarters of 2015, compared with the same period last year.
Continuing the turnaround which began at the end of last year, total room revenue for Thailand-based properties increased 21.4 per cent from January-September, while total room revenue for overseas properties increased 19.4 per cent compared to the same period last year.
The last 12 months saw Amari Phuket celebrating its 30th anniversary with the completion of a full renovation and the opening of a new Ocean Wing with 183 suites. OZO welcomed its fifth property with the opening of OZO Kandy in Sri Lanka in May, while July saw the launch of a new Amari website with virtual tours and videos.
Peter Henley, CEO of the group, said: “As well as key developments with our Amari hotel brand, we are thrilled by the progression of OZO.”
Amari developments include the opening of Amari Havodda Maldives on January 15, 2016. Located in the southern Gaafu Dhaalu atoll, it will have 120 villas, including 48 Beach Villas, 12 Beach Pool Villas, 58 Overwater Villas and two Overwater Pool Villas.
This will be followed by the reopening of Amari Koh Samui on April 1, 2016, following an extensive renovation. It will feature 197 modern Thai rooms across three wings.
A 242-room Amari Johor Bahru will also start to welcome guests at the end of 2016. Amari Galle Sri Lanka with 172 rooms and suites, all with direct ocean views, will open in early 2017.
OZO developments include the opening of the 364-room beachfront resort, OZO Hoi An, and a 135-room OZO Penang in early 2017, and a 198-room OZO Medini, Johor, opening in 2018 in the multipurpose UMCity Medini Lakeside Complex. ONYX service apartment brand will also be built there, offering 232 serviced apartments, opening 2018. OZO Shishi Xiamen is also slated to open in 2018.
Shama is also opening in Guangzhou in 2016, in Shanghai and Xiamen in 2017, and in Beijing, Chengdu and Dali in 2018, according to the group.
