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AWC Q3/69 Profit Rises 16% Amid Tourism Recovery

AWC Q3/69 Profit Rises 16% Amid Tourism Recovery

MGR Online•Economy•35m ago

Reader Briefing

Asset World Corp reported a 16% increase in net profit for the third quarter of 2026, driven by recovery in the hotel and commercial sectors.

  • •Asset World Corp achieved a net profit of 1,332 million baht in Q3/2026, a 16% increase.
  • •Hotel and service revenues grew by 16.5%, while commercial revenues increased by 23.1%.
  • •Asset World Corp is preparing an IPO for AWR REIT, incorporating 5 high-potential assets.

Overview

  • •Asset World Corp reported total revenue of 5,578 million baht and net profit of 1,332 million baht for Q3/2026.
  • •Growth in the hotel sector was driven by quality Thai and foreign tourists and the opening of the Fairmont Bangkok Sukhumvit in August.
  • •RevPAR in Pattaya grew by 94% due to the recognition of revenue from two new hotels opened last year.
  • •The occupancy rate of The Empire increased to 74% by the end of Q3/2026.
  • •Asset World Corp plans to launch an IPO for AWR REIT including Banyan Tree Krabi Resort, Banyan Tree Samui, Melia Koh Samui, Pattaya Marriott Resort & Spa, and The Empire.
  • •Tomorrowland is scheduled to be held from December 11-13, 2026, in Chonburi province.
  • •Asset World Corp expects to open the first phase of Aya Wellness Club at The Empire in late 2026 and fully in 2027.

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Key Entities

Organization

Asset World Corp(บริษัท แอสเสท เวิรด์ คอร์ป จำกัด (มหาชน))ℹ️
A public company operating in the hotel, service, and commercial real estate sectors.
AWR REIT
A trust fund being prepared for IPO by Asset World Corp to manage high-potential assets.
IMFℹ️
An organization hosting an international meeting in Thailand.
BofA Securitiesℹ️
A financial institution supporting AWR REIT.
Morgan Stanleyℹ️
A financial institution supporting AWR REIT.
DBS
A financial institution supporting AWR REIT.
Mizuho
A financial institution supporting AWR REIT.
Siam Commercial Bank(ธนาคารไทยพาณิชย์)ℹ️
A financial institution supporting AWR REIT.
Kasikornbank(ธนาคารกสิกรไทย)ℹ️
A financial institution supporting AWR REIT.
Bangkok Bank(ธนาคารกรุงเทพ)ℹ️
A financial institution supporting AWR REIT.
Krungthai Bank(ธนาคารกรุงไทย)ℹ️
A financial institution supporting AWR REIT.
Bank of Ayudhya(ธนาคารกรุงศรีอยุธยา)ℹ️
A financial institution supporting AWR REIT.
TMBThanachart Bank(ธนาคารทหารไทยธนชาต)ℹ️
A financial institution supporting AWR REIT.
UOB(ธนาคารยูโอบี)
A financial institution supporting AWR REIT.

Person

Wanlapa Traisoras(วัลลภา ไตรโสรัส)
Chief Executive Officer and President of Asset World Corp.

Place

Fairmont Bangkok Sukhumvit(โรงแรมแฟร์มอนท์ แบงคอก สุขุมวิท)
A hotel that began service in August.
Pattaya Marriott Resort & Spa(พัทยา แมริออท รีสอร์ต แอนด์ สปา)
A resort contributing to food and beverage revenue growth and an asset for AWR REIT.
InterContinental Chiang Mai Mae Ping Hotel(อินเตอร์คอนติเนนตัล เชียงใหม่ แม่ปิง โฮเทล)
A hotel contributing to food and beverage revenue growth.
Aya Rooftop at The Empire(เอ-ญ่า รูฟทอป แอท ดิ เอ็มไพร์)
A dining and lifestyle venue located at The Empire.
Asiatique The Riverfront Destination(เอเชียทีค เดอะ ริเวอร์ฟร้อนท์ เดสติเนชั่น)ℹ️
A commercial project being developed into a global tourism and lifestyle destination.
The Empire(ดิ เอ็มไพร์)ℹ️
An office building asset and part of the AWR REIT portfolio.
Chonburi(ชลบุรี)ℹ️
The province where Tomorrowland will be held.
Jubilee Prestige Tower(จูบิลี่ เพรสทีจ ทาวเวอร์)
An office building expected to generate revenue for Asset World Corp.
Aya Wellness Club(เอญ่า เวลเนส คลับ)
A health and lifestyle destination at The Empire scheduled to open in phases between 2026 and 2027.
Banyan Tree Krabi Resort(บันยันทรี กระบี่ รีสอร์ท)
An asset to be included in the AWR REIT.
Banyan Tree Samui(โรงแรมบันยันทรี เกาะสมุย)
An asset to be included in the AWR REIT.
Melia Koh Samui(มีเลีย เกาะสมุย)
An asset to be included in the AWR REIT.