Erawan Group Public Co., Ltd.
3.70
THB
+0.02
(+0.54%)
ISIN
TH0120010R14
Return %
Stock
S&P 500
1Y
44.53
14.20
3Y
-25.70
81.12
5Y
14.91
68.34
Capital Structure
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in mil. unless spec.Working Capital
THB
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in mil. unless spec.Growth Rates
THB
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in mil. unless spec.Quarterly Revenue
THB
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in mil. unless spec.Quarterly Earnings Per Share
THB
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in mil. unless spec.Quarterly Dividends Per Share
THB
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in mil. unless spec.Company Description
- CEO
- Youssef Khomri
- Full Time Employees
- 2,011
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Ploenchit Center Bangkok BM Thailand 10110
- IPO Date
- Aug 26, 1988
- Website
- theerawan.com
- Similar Companies
- Business
- The Erawan Group Public Company Limited (SET: ERW) operates as a leading investor, developer, and operator in the hospitality industry, with a diversified portfolio spanning hotels, resorts, restaurants, and commercial property rentals across Thailand, the Philippines, and Japan. The company manages approximately 93 hotels encompassing luxury properties such as Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, and The Naka Island, a Luxury Collection Resort & Spa, Phuket through management agreements with Hyatt Hotels Corporation and Marriott International; midscale hotels including Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Holiday Inn Cebu City, Novotel Bangkok Sukhumvit 4, Mercure hotels, IBIS hotels, and IBIS Styles through agreements with Marriott International, IHG, and Accor; economy hotels under the IBIS brand; and budget hotels under its proprietary HOP INN brand, featuring 69 properties in Thailand, 10 in the Philippines, and 4 in Japan. It also owns and operates Erawan Bangkok, a boutique luxury retail mall at the Ratchaprasong intersection in central Bangkok offering 6,554 square meters of rental space, and manages Ploenchit Center, an office building; additionally, the company runs restaurants including Man Ho Bistro, a Chinese culinary eatery, and Chisana Nami, a modern teppanyaki venue managed by Marriott. Founded in 1982 by the Vongkusolkit, Wattanavekin, and Jenwattanawit families as Amarin Plaza Company Limited and headquartered at Ploenchit Center in Bangkok, Thailand, the company originally focused on real estate development, listing on the Stock Exchange of Thailand in 1988 before rebranding to The Erawan Group Public Company Limited in 2005 to emphasize hotel investments. Recent developments include the 2024 opening of two restaurants at Erawan Bangkok, Chisana Nami and Man Ho Bistro; the buyback of ibis Pattaya and ibis Phuket Patong from Erawan Hotel Growth Property Fund to align with long-term ownership strategy; and the launch of 7 HOP INN hotels in Thailand, 3 in the Philippines, and 3 in Japan to bolster its budget segment presence. In late 2024, the company secured a long-term land lease near BTS Phrom Phong in Bangkok for a approximately THB2 billion premium-economy to upscale hotel project, with construction slated to start by late 2026 and opening targeted for early 2030. It plans to issue 57.5 million shares to Lapis for THB700 million in funding, positioning Lapis as a 16.1% shareholder while retaining majority control, with the transaction expected to complete by late 2024; additionally, HOP INN eyes a 2030 IPO spin-off and expansion into three new countries to lead the Asia-Pacific budget hotel market, alongside a September 2024 MOU with BSGF to manage used cooking oil for sustainable aviation fuel production. The Grand Hyatt Erawan Bangkok hotel undergoes renovation starting in 2Q25, alongside plans for 10 new HOP INN openings in 2025 to drive room growth of about 4.9% annually.