Onsen Retreat and Spa Group Public Company Limited (ONSENS) reported a clear growth in the number of users and members. In the first half, average monthly users increased by 10% year-on-year, with some months hitting new record highs, benefiting from the trend of urban residents focusing on health and exercise, as well as HYROX sports, which increased the demand for body recovery. The company recently launched Yunomori MOVE, a Movement & Recovery studio that combines exercise such as Pilates, Barre, Strength Training, and Stretching with onsen and spa services, piloted at Sathorn and Pattaya branches, with a customer mix of 48.9% Thai and 50.1% foreign. The highest revenue-generating branches are Sukhumvit, Sathorn, and Pattaya. The second half is the high season, with Q4 typically seeing the highest performance. The company is confident that the development of the Wellness Ecosystem, covering onsen, spa, exercise, and hotel plans, will support revenue growth of 10-15% in 2026. Meanwhile, the Social Wellness Hotel project at Thonglor 17, valued at 400 million baht, is expected to open in the second half of 2027.
Onsen Retreat and Spa Group Public Company LimitedAverage monthly users rose 10% YoY with record highs, driven by health/recovery trends and the new Yunomori MOVE studio, supporting 10-15% revenue growth guidance.
