The Erawan Group Public Company Limited, or ERW, has signalled that its third-quarter 2026 operating results will come in better than expected, driven by a strong recovery in the Middle East tourist market after the war situation eased and by continued signs of recovery in the Chinese tourist market. Miss Tawanna Termwattanakorn, investor relations officer at ERW, said these factors helped room rates at hotels ranging from Economy to Luxury, especially hotels in the Bangkok CBD area, improve beyond the company's expectations. Meanwhile, the budget hotel business under the HOP INN brand is still performing in line with expectations; although the third quarter is a low season, it received support from corporate customers and domestic business travel. For the fourth-quarter 2026 outlook, the company sees forward bookings at a good level, with long-haul markets beginning to show bookings for stays from late November through December, together with the high season and major conferences and events such as the annual meetings of the International Monetary Fund and the World Bank, as well as the Tomorrowland music festival in the Pattaya area. The company expects average occupancy in the second half of 2026, including the fourth quarter, to be around 80 percent, and is maintaining its target of roughly 6 percent revenue growth in 2026 from the previous year under the original plan. It will continue to open new HOP INN hotels in Thailand as planned, while its overseas expansion has projects that are already clear and it continues to study additional opportunities.
The Erawan Group Public Company LimitedERW expects Q3 2026 results to beat forecasts on Middle East tourist recovery and continued China growth, lifting hotel room rates and occupancy.
