MGC Partners with ROYS HOTEL to Launch EV XPENG Guest Shuttle Service, Boosting SIXT Car Rental Business

M&A · PartnershipProduct / Tech
โดย ทันหุ้น·TH·Read original
Summary · why it matters

MGC is advancing its Mobility Ecosystem through its SIXT car rental business by partnering with ROYS HOTEL to provide guest shuttle services using XPENG electric vehicles, catering to the tourism market and the clean energy vehicle trend. Ms. Sukolkarn Thammachuanwiriya, Director and Chief Corporate Communications and Customer Relations Officer of Millennium Group Corporation (Asia) Public Company Limited, or MGC, stated that the car rental business continues to generate steadily increasing recurring revenue, and in terms of marketing, SIXT has been brought in to complement the hotel business. SIXT Car Rental Thailand is a global short-term car rental and limousine service brand operated under MGC. As for ROYS HOTEL, a business in the Thammachuanwiriya family, a budget of 300 million baht has been allocated for a major renovation of the building and premises from its former name ROYAL SUITE, which opened in 1997, to elevate it to a 4-star standard under the theme Design Your Stay. The hotel will have a total of 153 rooms, sized from approximately 25 square meters and up, and aims to open rooms on floors 8 to 11 in time for the High Season, with full 100% operations targeted within 2027.

Impact on stocks 1

Consumer Discretionary▲ · 1 stocks
Millennium Grp Corp (Asia)
MGC
▲ PositiveDemandrelevance

MGC's SIXT car rental business partners with ROYS HOTEL to provide XPENG EV guest shuttle services, adding recurring rental revenue from the tourism market.

Theme Impact 2

Off-coverage companies 1

ROYS HotelPrivate± Mixed
relevance

ROYS HOTEL is the partner venue hosting the shuttle service and undergoing a 300M baht renovation, but the article gives no clear positive/negative financial impact on the hotel itself.

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