Erawan looks to domestic zone, AseanPetch Krainukul, president of Erawan GroupSET-listed Erawan Group Plc (ERW) plans to rely on the domestic market, aiming for 50 Hop Inn hotels across Thailand. According to that plan, it aims to build 7-10 Hop Inn hotels each year. This year its hotel portfolio is set to expand to 77 properties after adding seven Hop Inn branches in Thailand. Of that number, 16 properties are under the Hop Inn brand. Last year ERW saw the average room rate of the total group excluding Hop Inn drop by 4%, with RevPAR down by 7%.

Source: Bangkok Post February 25, 2020 21:11 UTC