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The average occupancy rate at DTGO Prosperous Limited (DTP)’s 17 UK hotels is experiencing robust growth, with the average occupancy rate now nearing 80%.
DTP is an investment and financial management company within DTGO, and the hotels in the UK are operated by a Singapore-listed subsidiary.
The company highlighted that tourism in the UK has experienced a swift post-COVID resurgence, noting that the country was among the first to reopen to foreign visitors. Additionally, they reiterated their commitment to identifying appealing projects to maintain their investment expansion.
Hansa Susayan, Business Group Chairman – Finance & Investment of DTGO and Chairman of the Board of Directors of DTP, noted that occupancy rates increased across all 17 hotels, rising from 31% in 2020 to 51% in 2021 and further to 74% in 2022. Occupancy rebounded in 2023 to 79.5%, reaching pre-pandemic levels, resulting in a corresponding uptick in DTP’s revenue.
“Occupancy rates have now returned to pre-COVID levels. Effective management and operations are attracting tourists with substantial purchasing power to utilize these hotels, situated in popular destinations across the UK,” Hansa remarked.
DTP primarily focuses on brownfield property projects, innovative businesses, funds, and asset management. Last year, the company acquired an 85% stake in ProsperCap, a firm listed on the Singapore Exchange, through DTP Inter Holdings.
ProsperCap operates, owns, and manages all 17 UK hotel assets, totaling 3,383 rooms. Revenue from these hotels grew by 12.5% last year, generating over 6.8 billion baht for DTP.
Hansa stated that DTP is moving forward with its plans to invest and raise funds domestically and overseas.
The company is also expanding its diverse investment portfolio in alignment with DTGO’s mission to operate sustainably and contribute positively to society and the environment.
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