Company Overview

Business Description

Sector
Consumer Discretionary
Industry
Hotels, Restaurants & Leisure
Headquarters
Thailand TH
Employees
947
IPO date
May 3, 2019

Veranda Resort PCL owns and operates hotels and resort properties in Thailand. The company earns money by renting rooms, selling food and drinks, and providing event and leisure services to guests who stay at its properties. Its business is centered on hospitality assets, so the company depends on travel demand, vacation stays, and meetings or special events.

Its main customers are leisure travelers, families, business guests, and event organizers looking for beachfront or destination-style accommodations. Veranda also benefits from travelers who want full-service resort experiences rather than simple budget lodging, which means it can charge for rooms, restaurants, and other guest services under one roof.

What makes the business model different is that Veranda is not just a hotel operator; it is also an owner and manager of resort real estate. That gives it a role at both the property and service level, with value coming from the quality and appeal of its locations, the guest experience it creates, and the mix of income streams tied to each resort.

Veranda Resort PCL Investor Relations

Address
555 Rasa Tower Building Floor 27 Unit 2701-2704, Phaholyothin Road, Chatuchak
Bangkok, Bangkok Metropolis
Thailand

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Resort and hotel stays

Veranda runs resorts, hotels, and villas where guests book rooms, event space, and related hospitality services.

Customers

Leisure travelers, business travelers, event organizers, and groups staying at Veranda properties

Revenue Model

Charges room rates, packages, and fees for hospitality services

Property development

Veranda develops and sells residential and holiday properties tied to its resort and beachside projects.

Customers

Homebuyers, second-home buyers, and investors looking for vacation properties

Revenue Model

Sells completed units and earns income from property-related transactions

Management

Mr. Pawatt Ongvasith

CEO, Vice Chairman and Acting VP of Business & Property Development Department

Biography unavailable

Ms. Tosaporn Angsuwarangsi

CFO & Executive Director

Biography unavailable

Ms. Napasorn Soonthornmanokul

Executive Director

Biography unavailable

Mr. Surasak Wongkiattavorn

Executive VP of Hotel Operations & Executive Director

Biography unavailable

Ms. Ladda Somsiripornchai

Senior Vice President of Accounting

Biography unavailable

Mr. Varut Tantiphipop

VP of Corporate Finance & Investor Relations and Company Secretary

Biography unavailable

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