The Erawan Group Public Company Limited, or ERW, assesses that the flood situation will have only a limited short-term impact on its hotel business, as the event is brief and confined to certain areas, and is neither severe nor prolonged as in the past. Meanwhile, HOPINN hotels are benefiting from short-term accommodation demand from those affected by the floods. As for the fourth-quarter 2026 outlook, on-the-book reservations during festivals and major events remain at a good level, from China's Golden Week festival on 1–4 October, the IMF-World Bank meetings, the fireworks extravaganza along the Chao Phraya River during the Loy Krathong festival in November, the Pattaya International Fireworks Festival on 27–28 November 2026, and continuing through Tomorrowland and the New Year countdown in December. At present there have been no significant room booking cancellations, and fourth-quarter 2026 operating results are expected to improve from the third quarter of 2026 and be close to the fourth quarter of last year. Meanwhile, Pi Securities Public Company Limited expects third-quarter 2026 room bookings to grow 2% year on year, with Luxury-to-Economy hotels growing about 5% year on year and HOPINN growing 1% year on year. It therefore maintains its 2026 revenue forecast at 8.4 billion baht, up 6% year on year, with net profit of 952 million baht, up 14% year on year, and keeps its buy recommendation with a fair value of 4.20 baht.
The Erawan Group Public Company LimitedFlood impact limited and HOPINN benefiting from short-term accommodation demand, with strong Q4 2026 festival/event bookings and no significant cancellations.
