QUARTERLY HIGHLIGHTS

‒   The number of international tourist arrivals increased by over 100% Y-o-Y from zero tourists in Q3 2020 to 45,398 tourists. A Y-o-Y comparison is meaningless as there were zero tourist arrivals due to the nationwide lockdown during Q2 2020 – Q3 2020.

‒   Occupancy rate of Bangkok hotels in Q3 2021 was 21.6%, reflecting an increase of 7.9 percentage points Y-o-Y.

‒   ADR decreased by 14.8% Y-o-Y to THB 1,919 in Q3 2021.

‒   RevPAR increased by 34.7% Y-o-Y to THB 414.

‒   There were no new hotels opening this quarter. The total hotel supply remains at 76,712 keys.