Dusit Thani Group
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| Dusit Thani Group | |
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| Type | Public (SET: DTC) |
|---|---|
| Founded | 1949 |
| Headquarters | Bangkok, Thailand |
| Key people | Thanpuying Chanut Piyaoui, honorary chairperson and managing director Chanin Donovanik, executive director Chatri Sophonpanich, chairman |
| Industry | Hospitality |
| Products | Dusit Hotels and Resorts Royal Princess Hotels and Resorts D2 Hotels and Resorts Dusit Thani College |
| Net income | 245,111,940 baht (2005)[1] |
| Website | www.dusit.com |
The Dusit Thani Group of Companies, also known as Dusit Thani Public Company Limited (SET: DTC) is a Bangkok-based hotel and resort company. It is the owner of the Dusit Thani Hotel in Bangkok as well as hotels in Myanmar, the Philippines and the United Arab Emirates. In all, the company owns and operates 19 hotel properties.[2] The company also has a business school, Dusit Thani College, where it trains workers for the hospitality industry.
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[edit] History
The Dusit Thani Group was founded in 1949 by Than Phu Ying Chanut Piyaoui, who opened the Princess Hotel on New Road in Bangkok. The company opened its flagship hotel, the Dusit Thani Hotel, in Bang Rak district, Bangkok in 1970. It acquired its first resort-style property in 1987 when it renovated a hotel in Pattaya and renamed it the Dusit Resort Pattaya. Other resorts followed, including the Dusit Resort Hua Hin in 1989. The company branched out to Northern Thailand in 1991, opening hotels in Chiang Mai and Chiang Rai.
Boom years in the 1990s led the Dusit Thani Group to overseas investment in the Melrose Investment Partnership, which acquired the Melrose Hotel in Dallas, Texas. Those shares were subsequently sold. The chain entered Indonesia in 1994, opening hotels in Balikpapan and Jakarta. The company also acquired the Kempinski group of hotels and was responsible for managing all the Germany hotelier's properties. But with the East Asian financial crisis, the Dusit Thani Group sold its shares in those ventures.
In 1995, the Dusit Thani Group acquired the Hotel Nikko Manila, which it still owns. The group entered the Middle East in 2001, opening the Dusit Dubai. [3]
The Dusit Thani Group is publicly traded on the Stock Exchange of Thailand (DTC), with 10.28% of the company's shares owned by Pioneer Global Group. [4]
[edit] Hotel chains
The Dusit Thani Group of Companies has three distinct brands for its properties:
- Dusit Hotels and Resorts – Five-star hotels and resorts in Bangkok, Chiang Rai, Hua Hin, Pattaya, Phuket, Yangon, Manila and Dubai.
- D2 – "Boutique" style hotel in Chiang Mai.
- Royal Princess – Four-star hotels; six locations in Bangkok in addition to properties in Chiang Mai, Khon Kaen, Nakhon Ratchasima, Ranong and Ko Chang (to open late 2007).
[edit] References
- ^ Annual report, 2005 (PDF)
- ^ List of hotels at Dusit.com
- ^ Company history at Dusit.com
- ^ Pioneer Global Group website
