Boutique Corporation Public Company Limited (BC) is accelerating growth in the second half of the year by expanding its Asset-Light business through hotel and asset management services as a Third-Party Operator (TPO), while preparing to launch new projects. In the first half, total revenue was 223.7 million baht, down from the previous year due to the recognition of proceeds from the sale of investment in the Summer Point project. Excluding that item, revenue from hotel and shopping center businesses increased by 6.3%. In the second quarter of 2026, total revenue was 81.4 million baht, up 5.3%, and EBITDA improved by 20.6% year-on-year. The company aims to increase the proportion of recurring income through hotel and asset management, as well as develop new projects such as the 197-room Mövenpick Resort Kamala Beach Phuket, expected to open by the end of 2026, and the 174-room Sukhumvit 5 project in Bangkok, expected to open in early 2027. It is also proceeding with the development of the JW Marriott Bangkok Sukhumvit 24 and the Kamala 2 project to strengthen long-term growth.
Boutique Corporation Public Company LimitedBC is expanding its Asset-Light business via hotel/asset management TPO services and preparing new projects, with hotel and shopping center revenue up 6.3% excluding the prior-year sale item.
