Dusit International

Dusit International's FY2017 revenues were 5,570 million baht, up from 2016's 5,425 million. Net profits in FY2017 doubled from 2016: from 152 million baht to 332 million. Total assets rose to 9,978 million baht. Total liabilities rose to 4,098 million baht.[2][1]^: 8

The top seven Dusit International executives' remuneration in FY2016 was 57.13 million baht in salary and benefits, up from 32.51 million baht paid to eight executives in 2015.[1]^: 57

Dusit Thani PCL has been listed on the Stock Exchange of Thailand (SET) since 1975. Its shares are not actively traded.[6]

The group's origin dates back to 1948 when Thanpuying Chanut Piyaoui, opened her first hotel, the "Princess" in Bangkok.[7] It had only 30 rooms but had the distinction of being the first modern hotel in Bangkok with a swimming pool.

The company takes its name and much of its character from the ideas of King Rama VI, whose thoughts on the modern state blended Western and Thai influences.[8] In 1918, he created a utopian miniature city near Lumpini Park and named it Dusit Thani meaning "town in heaven". In Thai, Dusit is the mythological name for the fourth of the seven levels of heaven.[9]

In 1970, the 23 storey Dusit Thani Bangkok became the company's first flagship hotel.[10] The 510-room hotel was the first luxury hotel and the tallest building in Bangkok for several years.[8] In 2017 it was announced that the hotel would be demolished in April 2018.[6] That date has been postponed for eight months: final checkout at the Dusit Thani will be at 14:00, 5 January 2019. The rebuilt hotel will open as part of a 36.7 billion baht mixed-use project to be built in partnership with Central Pattana PLC.[11] When an entirely new Dusit Thani reopens its doors after a three-four year construction period, it will be taller but with fewer rooms – about 300 compared with the current 510.[6]

In 1987, Dusit acquired its first resort property, Dusit Thani Pattaya, followed by another beach resort in Phuket Province, the Dusit Thani Laguna Phuket.[12] In 1989, Dusit Thani Hua Hin, formerly known as the Dusit Resort and Polo Club, opened.[12] Royal Princess Chiang Mai was opened in Chiang Mai in 1991, followed by the Dusit Island Resort Chiang Rai.

In 1995, Dusit International acquired the Hotel Nikko Manila[13] by purchasing shares in the holding company, Philippine Hoteliers, Inc. (PHI), from Japan Airlines Development Company Limited and JAL Trading Inc. After the acquisition, the Hotel Nikko Manila came under the management of Dusit Thani Hotels and Resorts, and was renamed the Dusit Hotel Nikko, Manila.[14] The Manila hotel underwent a major renovation programme and became Dusit Thani Manila in April 2008.[15] It is known for the Supreme Court ruling on "Illegal Strike" which considered the shaving of heads by the employees of Dusit Hotel as tantamount to committing strike. The issue has been protested widely in the Philippines especially with the International Labour Organization's findings that the Philippine government and the Supreme Court violated the workers' right to freedom of expression and association and redefined the meaning of strike.[16]

In November 2006, Dusit Thani added a brand extension, the Dusit Lifestyle Collection with dusitD2 hotels and resorts. dusitD2 is the second generation brand of Dusit Thani Hotels and Resorts.[17][18] The first property in the dusitD2 collection opened in November 2006 in Chiang Mai.[19] The second dusitD2 hotel, dusitD2 Baraquda Pattaya, was opened in February 2009.

Dusit International's portfolio includes Dusit Princess Hotels and Resorts. The rebirth of the original Princess hotel came with the 1989 opening of the Royal Princess Larn Luang, Bangkok,.[20] There are seven Dusit Princess properties in Thailand.[21] The first Dusit Princess outside Thailand, Dusit Princess City Centre, Dubai, opened in December 2009.[22]

Dusit Thani Dongtai was the first Dusit Thani to launch in China.[23][24] Dusit Thani Fudu Qingfeng and dusitD2 Fudu Binhu Hotel also opened in 2016 followed by Dusit Thani Dongtai.

The group's other business are hotel management of both Thai and overseas properties, and education, through the Dusit Thani College and a Bangkok culinary school joint venture with Le Cordon Bleu of France. In 1993, Thanpuying Chanut founded Dusit Thani College.[25] In 2009 it initiated a programme with Lyceum of the Philippines University. Additionally, the college opened its new campus in Pattaya in 2011.[25]

In August 2007, the Le Cordon Bleu Dusit Culinary School opened, making it the first of its kind in the Southeast Asian region.[26]

Besides these, The Dusit Executive Development Center (DEDC) was established in 2005 as a subsidiary of Dusit Thani Public Co., Ltd. to provide executive training and development courses to individuals and various organisations.[27]

The dusitD2 Hotel in Nairobi was the scene of the 2019 Nairobi hotel attack.[28]

In April 2018, Dusit International introduced a new mid-market brand called ASAI Hotels[29]

As of 2019, Dusit International has 36 properties in Thailand, the United Arab Emirates, Qatar, Oman, United States, China, Bhutan, Maldives, Philippines, Vietnam, Egypt and Kenya. Its brands include Dusit Thani Hotels and Resorts, Dusit Princess Hotels and Resorts, dusitD2 Hotels and Resorts, Dusit Devarana Hotels and Resorts and ASAI Hotels.

Hotel/Resort	Dusit Brand	Location	Country	Ref(s)	Image
dusitD2 City Centre, Bahrain (2020)	dusitD2	Manama	Bahrain
Yarkay Thimphu, Bhutan	dusitD2	Thimphu	Bhutan
dusitD2 Fudu Binhu Hotel	dusitD2	Changzhou	China
Dusit Thani Fudu Qingfeng Garden	Dusit Thani	Changzhou	China
Dusit Thani Wujin	Dusit Thani	Changzhou	China
Dusit Thani Dongtai	Dusit Thani	Dongtai	China	[30]
Dusit Devarana Hot Springs & Spa Conghua	Dusit Devarana	Guangzhou	China
dusitD2 Society Hill, Tianjin	dusitD2	Tianjin	China
Heritage Villas Zhouzhuang	Dusit	Zhouzhuang	China
Dusit Thani LakeView Cairo	Dusit Thani	Cairo	Egypt
Dusit Princess Kuta, Bali (2020)	Dusit Princess	Bali	Indonesia
dusitD2 Nairobi	dusitD2	Nairobi	Kenya
Dusit Thani Maldives	Dusit Thani	Baa Atoll	Maldives
Dusit Princess Kathmandu (2020)	Dusit Princess	Kathmandu	Nepal
Dusit Thani Mactan Cebu	Dusit Thani	Cebu	Philippines
dusitD2 Jebel Akhdar	dusitD2	Saiq	Oman
Dusit Thani Manila	Dusit Thani	Makati, Manila	Philippines
dusitD2 The Fort, Manila (2020)	dusitD2	Taguig, Manila	Philippines
Dusit Thani Residences Davao	Dusit Thani	Davao	PhiIippines
dusitD2 Davao	dusitD2	Davao	Philippines
The Beach Club at Lubi Plantation Island	Dusit	Davao	Philippines
Dusit Doha Hotel	Dusit	Doha	Qatar
dusitD2 Salwa (2020)	dusitD2	Doha	Qatar
Dusit Thani Laguna Singapore (2020)	Dusit Thani	Singapore	Singapore
Dusit Suites Hotel Ratchadamri	Dusit	Bangkok	Thailand
Dusit Thani Bangkok (closed for redevelopment)	Dusit Thani	Bangkok	Thailand	[6]
Dusit Princess Srinakarin	Dusit Princess	Bang Na, Bangkok	Thailand
Pathumwan Princess MBK Centre	Dusit Princess	Bangkok	Thailand
Royal Princess Larn Luang	Dusit Princess	Bangkok	Thailand
ASAI Chinatown, Bangkok (2020)	ASAI	Bangkok	Thailand
ASAI Sathorn, Bangkok (2020)	ASAI	Bangkok	Thailand
dusitD2 Chiang Mai	dusitD2	Chiang Mai	Thailand
Dusit Princess Chiang Mai	Dusit Princess	Chiang Mai	Thailand
Dusit Thani Hua Hin	Dusit Thani	Cha-am	Thailand	[31]
dusitD2 Khao Yai	dusitD2	Nakhon Ratchasima	Thailand
Dusit Thani Krabi Beach Resort	Dusit Thani	Krabi Province	Thailand	[32]
dusitD2 Ao Nang, Krabi	dusitD2	Krabi Province	Thailand
Dusit Thani Pattaya	Dusit Thani	Pattaya	Thailand
Dusit Thani Laguna Phuket	Dusit Thani	Phuket	Thailand
Dusit Thani Abu Dhabi	Dusit Thani	Abu Dhabi	United Arab Emirates	[33]
Dusit Thani Dubai	Dusit Thani	Dubai	United Arab Emirates
Dusit Princess Residence Dubai Marina	Dusit Princess	Dubai	United Arab Emirates
dusitD2 Kenz Hotel	dusitD2	Dubai	United Arab Emirates
Dusit Thani Guam Resort	Dusit Thani	Guam	United States	[34]
Dusit Princess Moonrise Beach Resort	Dusit Princess	Phu Quoc	Vietnam
Dusit Princess Rijas	Dusit Princess	Dubai	United Arab Emirates