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Ravan
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The only green they will be tapping will be the rot running out of the walls.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:12 pm on Jan. 30, 2006
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Abrak
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Quote: from caronte on 1:37 pm on Jan. 23, 2006
Well, if any help, I have the contracts of this hotel, The Millenium Hilton Bangkok and they run like this:
1st nov 2005 - 31 mar 2006
Deluxe room: 4500 baht all incl
Deluxe riverview room: 6700 baht all incl
01 apr 2006 - 31 oct 2006
Deluxe room: 3900 baht all incl
Deluxe riverview room: 6100 baht all incl
As per occupancy, in their biz plan they expect to reach an avarage of 78% year around for the first 48 months....so if Abrak is correct, then they will tap the green very soon...
Well you could look at things the other way round.
Their business plan merely reflects a need to justify their investment. You can see from those rates that they are looking for around Bt4,000/night (allowing for comissions and discounts for tour operators).
They should break even at about 60% occupancy and be making a very decent profit at an average 78% occupancy. The question is how realistic is their business plan? I tend to agree with TU that at the rates they are charging, they will struggle to get the occupancy. As they are located on the 'wrong' side of the river they will not attract much business traffic and will have to rely heavily on tourists. I suspect they will struggle for occupancy during the off peak tourist season.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 9:06 pm on Jan. 30, 2006
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