Dusit Thani Group

Dusit International
Public
Traded as SET: DTC
Industry Hospitality
Founded 1948
Founder Thanpuying Chanut Piyaoui
Headquarters Bangkok, Thailand
Number of locations
 29
Key people
 Suphajee Suthumpun, Group Chief Executive Officer[1]:6
Services Dusit Thani College
Le Cordon Bleu
Devarana Spa
Revenue Increase 5,425 million baht (2016)[1]:8
Decrease 114 million baht (2016)[1]:8
Number of employees
 3,792[1]:58
Divisions Dusit Thani Hotels
Dusit Princess Hotels
dusit D2 Hotels
Dusit Residence Serviced Apartments
Dusit Devarana Hotels
Website www.dusit.com
Dusit Thani Hotel, Bangkok

The Dusit Thani Group of companies, also known as Dusit International is a Thai multinational hospitality company headquartered in Bangkok, Thailand. Dusit International has 29 hotels and resorts in 18 countries.[2] Founded by Thanpuying Chanut Piyaoui in 1948, the company is now led by Suphajee Suthumpun.[2][3]

Financials

Dusit International's FY2016 revenues were 5,425 million baht, up one percent from 2015's 5,370 million. Net profits in FY2016 plunged 43 percent from 2015: from 199 million baht to 114 million. Total assets amounted to 9.033 million baht, down four percent year over year. Total liabilities dropped eight percent in FY2016 to 3,679 million baht.[1]:8

The top seven Dusit International executives' remuneration in FY2016 was 57.13 million baht in salary and benefits, up from 32.51 million baht paid to eight executives in 2015.[1]:57

Dusit Thani PCL has been listed on the Stock Exchange of Thailand (SET) since 1975. Its shares are not actively traded.[4]

History

The group's origin dates back to 1948 when Thanpuying Chanut Piyaoui, opened her first hotel, the "Princess" in Bangkok.[5] It had only 30 rooms but had the distinction of being the first modern hotel in Bangkok with a swimming pool.

The company takes its name and much of its character from the ideas of King Rama VI, whose thoughts on the modern state blended Western and Thai influences.[6] In 1918, he created a utopian miniature city near Lumpini Park and named it Dusit Thani meaning "town in heaven". In Thai, Dusit is the mythological name for the fourth of the seven levels of heaven.[7]

In 1970, the Dusit Thani Bangkok became the company's first flagship hotel. The 510-room hotel was the first luxury hotel and the tallest building in Bangkok for several years.[6] In 2017 it was announced that the hotel would be demolished in April 2018.[4] That date has been postponed for eight months: final checkout at the Dusit Thani will be at 14:00, 5 January 2019. The rebuilt hotel will open as part of a 36.7 billion baht mixed-use project to be built in partnership with Central Pattana PLC.[8] When an entirely new Dusit Thani reopens its doors after a three-four year construction period, it will be taller but with fewer rooms — about 300 compared with the current 510.[4]

In 1987, Dusit acquired its first resort property, Dusit Thani Pattaya, followed by another beach resort in Phuket Province, the Dusit Thani Laguna Phuket.[9] In 1989, Dusit Thani Hua Hin, formerly known as the Dusit Resort and Polo Club, opened.[9] Royal Princess Chiang Mai was opened in Chiang Mai in 1991, followed by the Dusit Island Resort Chiang Rai.

In 1995, Dusit International acquired the Hotel Nikko Manila[10] by purchasing shares in the holding company, Philippine Hoteliers, Inc. (PHI), from Japan Airlines Development Company Limited and JAL Trading Inc. After the acquisition, the Hotel Nikko Manila came under the management of Dusit Thani Hotels and Resorts, and was renamed the Dusit Hotel Nikko, Manila.[11] The Manila hotel underwent a major renovation programme and became Dusit Thani Manila in April 2008.[12] It is known for the Supreme Court ruling on "Illegal Strike" which considered the shaving of heads by the employees of Dusit Hotel as tantamount to committing strike. The issue has been protested widely in the Philippines especially with the International Labour Organization's findings that the Philippine government and the Supreme Court violated the workers' right to freedom of expression and association and redefined the meaning of strike.[13]

In November 2006, Dusit Thani added a brand extension, the Dusit Lifestyle Collection with dusitD2 hotels and resorts. dusitD2 is the second generation brand of Dusit Thani Hotels and Resorts.[14][15] The first property in the dusitD2 collection opened in November 2006 in Chiang Mai.[16] The second dusitD2 hotel, dusitD2 Baraquda Pattaya, was opened in February 2009.

In addition to the Dusit sub-brand extension, the company introduced Dusit Residence Serviced Apartments. Pearl Coast Premier Hotel Apartments, Dubai, United Arab Emirates was opened in January 2007,[17] followed by Dusit Residence Dubai Marina, United Arab Emirates in 2008.

Dusit International's portfolio includes Dusit Princess Hotels and Resorts. The rebirth of the original Princess hotel came with the 1989 opening of the Royal Princess Larn Luang, Bangkok,[18]. There are seven Dusit Princess properties in Thailand.[19] The first Dusit Princess outside Thailand, Dusit Princess City Centre, Dubai, opened in December 2009.[20]

In 2007, Dusit formed a joint venture agreement with Bird Hospitality Services (BHS) to bring Dusit International brands to India.[21] The first property in the Dusit Devarana collection opened in 2013 in New Delhi.[22] In 2014, Dusit Thani introduced its second Devarana property signing with an agreement with Zhuzhou Nature Real Estate Development Company.[23] The Dusit Devarana Hot Springs & Spa Resort Zhuzhou is set to open in 2019.

Dusit Thani Dongtai was the first Dusit Thani to launch in China. [24][25] Dusit Thani Fudu Qingfeng and dusitD2 Fudu Binhu Hotel also opened in 2016 followed by Dusit Thani Dongtai.

Dusit Thani announced the opening of three hotels in China as well as 45 other projects in the pipeline, including Dusit Thani Abu Dhabi,[26] Dusit Residence West Bay Doha, Dusit Thani Dilmunia Bahrain, and Dusit Thani Jeddah.[27]

In October 2014, Dusit International signed a deal with Springfield Land Corporation to build the Dusit Thani Brookwater Golf and Spa Resort in Queensland, Australia.[28] Construction started in mid-2016 and is scheduled for completion in 2019.[29]

The group's other business are hotel management of both Thai and overseas properties, and education, through the Dusit Thani College and a Bangkok culinary school joint venture with Le Cordon Bleu of France. In 1993, Thanpuying Chanut founded Dusit Thani College.[30] In 2009 it initiated a programme with Lyceum of the Philippines University. Additionally, the college opened its new campus in Pattaya in 2011.[30]

In August 2007, the Le Cordon Bleu Dusit Culinary School opened, making it the first of its kind in the Southeast Asian region.[31]

Besides these, The Dusit Executive Development Center (DEDC) was established in 2005 as a subsidiary of Dusit Thani Public Co., Ltd. to provide executive training and development courses to individuals and various organisations.[32]

Hotel brands

As of 2016, Dusit International has 29 properties in Thailand, the United Arab Emirates, United States, China, Maldives, Philippines, India, Egypt and Kenya. Its brands include Dusit Thani Hotels and Resorts, Dusit Princess Hotels and Resorts, dusitD2 Hotels and Resorts, Dusit Residence Serviced Apartments, and Devarana Hotels and Resorts.

Hotel/ResortDusit BrandLocationCountryRef(s)
Dusit Devarana Hot Springs & Spa ConghuaDevaranaGuangzhouChina
dusitD2 Fudu Binhu HotelD2ChangzhouChina
Dusit Thani DongtaiThaniDongtaiChina[33]
Dusit Thani Fudu QingfengThaniChangzhouChina
dusitD2 NairobiD2NairobiKenya
Dusit Thani LakeView CairoThaniCairoEgypt
Dusit Thani MaldivesThaniBaa AtollMaldives
Dusit Thani ManilaThaniMakatiPhilippines
Dusit Thani BangkokThaniBangkokThailand[4]
Dusit Thani Hua HinThaniCha-amThailand[34]
Dusit Princess KhoratPrincessNakhon RatchasimaThailand
dusitD2 Chiang MaiD2Chiang MaiThailand
dusitD2 Phuket ResortD2PhuketThailand
Dusit Princess Chiang MaiPrincessChiang MaiThailand
Dusit Princess SrinakarinPrincessBang Na, BangkokThailand
Royal Princess Larn LuangPrincessBangkokThailand
Pathumwan Princess MBK CentrePrincessBangkokThailand
Dusit Island Resort Chiang RaiThaniChiang RaiThailand
Dusit Thani Laguna PhuketThaniPhuketThailand
Dusit Thani Krabi Beach ResortThaniKrabi ProvinceThailand[35]
Dusit Thani PattayaThaniPattayaThailand
Pearl Coast ApartmentsPrincessDubaiUnited Arab Emirates[36]
Dusit Thani Abu DhabiThaniAbu DhabiUnited Arab Emirates[26]
Dusit Residence Dubai MarinaThaniDubaiUnited Arab Emirates
Dusit Thani DubaiThaniDubaiUnited Arab Emirates
Dusit Thani Brookwater Golf and Spa ResortThaniQueenslandAustralia
Dusit Thani residences Davao (future)ResidencesDavaoPhiIippines
dusitD2 BGC (future)D2TaguigPhilippines
dusitD2 Davao (future)DavaoDavaoPhilippines
Dusit Princess Cebu (future)PrincessCebuPhilippines
dusitD2 kenz hotelD2DubaiUnited Arab Emirates
dusitD2 Hotel Constance PasadenaD2PasadenaUnited States
Dusit Thani Guam ResortThaniGuamUnited States[37]
Dusit Princess DhakaPrincessDhakaBangladesh[38]

References

  1. 1 2 3 4 5 6 Annual Report 2016 Dusit Thani Public Company Limited (PDF). Bangkok. 2017. Retrieved 18 August 2017.
  2. 1 2 Sritama, Suchat (2 September 2017). "Taking management to another level". Bangkok Post. Retrieved 3 September 2017.
  3. ↑ "Thailand's First Lady of Hospitality". Tourism-Insider. 25 October 2009. Retrieved 23 April 2016.
  4. 1 2 3 4 Janssen, Peter (2017-08-18). "End of a hospitality era in Bangkok". Asia Times. Retrieved 19 August 2017.
  5. ↑ "Thanpying Chanut Piyaoui—35 Most influential Thais" (PDF). The Nation. 1 July 2006. Archived from the original (PDF) on 12 October 2012. Retrieved 23 April 2016.
  6. 1 2 "'Why shouldn't I be the one to build it?'". Arabian Business. 21 November 2007. Archived from the original on 30 May 2016. Retrieved 23 April 2016.
  7. ↑ "Company Background, One of Asia's Leading Hotel Brands". Dusit Thani Public Company Limited. Retrieved 23 November 2017.
  8. ↑ Sritama, Suchat (3 January 2018). "Final check-out at landmark Dusit Thani postponed". Bangkok Post. Retrieved 4 January 2018.
  9. 1 2 "Company Background". Dusit International. Retrieved 23 April 2016.
  10. ↑ "Asian Hotel Chains". Travel Weekly Asia. 11 April 2012. Retrieved 16 June 2016.
  11. ↑ "The History of Dusit Hotels". Archived from the original on 9 August 2016. Retrieved 16 June 2016.
  12. ↑ Fischer, Joachim (30 September 2011). "Dusit International – One of Asia's Leading Hotel Brands". Tourism-Insider. Retrieved 16 June 2016.
  13. ↑ "Outrageous and Erroneous Supreme Court Ruling on Dusit Hotel case discussed in Church-Labor Conference congress". Labor Education and Research Network (LEARN). Manila. Retrieved 16 June 2016.
  14. ↑ Dayrit, Christine S (30 March 2008). "Dusit Thani: Town in Heaven". The Philippine Star. Retrieved 16 June 2016.
  15. ↑ "dusitD2 hotels + resorts = Dusit Lifestyle Collection". 18 January 2008. Retrieved 16 June 2016.
  16. ↑ "Dusit Unveils New Brand in Chiang Mai". Hotel Business Review. 30 November 2006. Retrieved 16 June 2016.
  17. ↑ "Company Update: Dusit International". 25 August 2014. Retrieved 16 June 2016.
  18. ↑ "Dusit International - Asia's Leading Hotel Brands". 25 October 2009. Retrieved 16 June 2016.
  19. ↑ "Dusit Princess Hotels & Resorts". Retrieved 16 June 2016.
  20. ↑ "Dusit International Opens Dusit Princess City Centre". www.khaleejtimes.com. Khaleej Times. 2 December 2009. Retrieved 16 June 2016.
  21. ↑ "Dusit International Proudly Announces Dynamic Expansion Projects". Hospitality.Net. 8 May 2007. Retrieved 16 June 2016.
  22. ↑ "Dusit Bird Hotels to open its first hotel in New Delhi in September 2010". 16 April 2010. Retrieved 16 June 2016.
  23. ↑ "Dusit aims high in China".
  24. ↑ "China's First Dusit Thani Hotel Debuts In Jiangsu Province".
  25. ↑ "Dusit International to open first property in China". BusinessTraveller.com. 12 November 2009. Retrieved 16 June 2016.
  26. 1 2 "Authentic taste of Thai hospitality in the capital". The National. n.d. Retrieved 16 June 2016.
  27. ↑ "Dusit enters Saudi in joint venture". ArabianIndustry.com. 12 April 2015. Retrieved 16 June 2016.
  28. ↑ "$550 Million Dusit Thani Brookwater Golf Resort And Spa Makes Splash On Market". theurbandeveloper.com. 16 October 2015. Retrieved 7 August 2016.
  29. ↑ "Work to start on Brookwater luxury resort". The Queensland Times. 9 July 2016. Retrieved 7 August 2016.
  30. 1 2 "Dusit Thani College's newest Campus in Pattaya City Opens in June 2011". 8 April 2011. Retrieved 16 June 2016.
  31. ↑ "The Threat Underground - Will Bangkok's venerable Dusit Thani close?". CNN. 30 November 2000. Retrieved 23 April 2016.
  32. ↑ "Dusit establishes Training and Development Company". Hospitality Net. 21 September 2005. Retrieved 16 June 2016.
  33. ↑ "China's First Dusit Thani Hotel Debuts In Jiangsu Province". Hospitality Net. 21 January 2016. Retrieved 16 June 2016.
  34. ↑ "Dusit Thani Hua Hin" (PDF). Dusit International. Retrieved 18 August 2017.
  35. ↑ "Dusit Thani, Krabi, Thailand". Google Maps. Retrieved 18 August 2017.
  36. ↑ "Thai hotelier Dusit plans to launch new Dubai property". Arabian Business. 12 June 2016. Retrieved 16 June 2016.
  37. ↑ "Dusit Thani Guam Resort luxury villa suites showcase". Travel Daily News. 20 May 2016. Retrieved 16 June 2016.
  38. ↑ "Dusit International expands global footprint with its first hotel in Bangladesh's capital city" (Press release). Dusit Hotels and Resorts. 21 April 2017. Retrieved 26 October 2017.
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