Strategic expansion strategy, including world-class hotels in Thailand, Japan and the Maldives, propel company to the top of Brand Finance’s “Thailand 50” report
The Voice of Chandigarh News
Bangkok, Thailand: Centara Hotels & Resorts, Thailand’s leading hotel operator, is thrilled to announce that it has been recognised as the strongest brand in Brand Finance’s prestigious “Thailand 50” report for 2024. This marks the second consecutive year that “Centara Hotels & Resorts” has topped this distinguished list, after its flagship five-star concept, Centara Grand, was named as Thailand’s best brand last year, reaffirming the group’s position at the pinnacle of customer satisfaction and service excellence.
Brand Finance’s Thailand 50 report evaluates brands based on a range of criteria, including brand equity, trust, and financial performance. Centara’s achievement (as a corporate brand, rather than its popular Centara upscale hotel concept), reflects the significant strides this proud Thai company has taken towards becoming a top 100 global hotel operator by 2027.
The success of Centara Hotels & Resorts in the last 12 months was demonstrated by the realisation of several major projects including the launch of Centara Grand Hotel Osaka, a spectacular 33-storey urban icon which marked the group’s debut in Japan. This important opening reflects how Centara is continuing to introduce its industry-leading brands to key global destinations. Whilst in Thailand, the launch of Centara Ayutthaya underscored the company’s commitment to bringing world-class hospitality to all parts of the kingdom, and the recent opening of COSI Vientiane Nam Phu, Laos, marked the international debut of COSI, the innovative and affordable lifestyle brand.
Now, Centara will continue to strengthen its domestic and international portfolio with a series of key openings and upgrades in 2024 and beyond. In Thailand, Centara Life Lamai Resort Samui will start welcoming guests in August this year, and two of Centara’s flagship Thai hotels – Centara Karon Resort Phuket and Centara Grand Mirage Beach Resort Pattaya – are set to emerge from comprehensive renovations to enhance every aspect of their accommodation, facilities and services, and reaffirm their positions as two of the nation’s favourite resorts.
Internationally, the unveiling of Centara Mirage Lagoon Maldives in November will mark the first phase of The Atollia by Centara Hotels & Resorts, a brand-new multi-island destination in the Indian Ocean. The world’s fourth Centara Mirage project, this underwater-themed resort will feature a full range of family-friendly facilities centred around a waterpark with lazy river. Then in 2025, it will be complemented by Centara Grand Lagoon Maldives, a sophisticated upper-upscale resort.
Looking ahead, Centara is now seeking opportunities for the expansion of all six of its brands in key markets, including Thailand and the broader ASEAN region, the Middle East, Indian Ocean, Japan and China, all underpinned by its unique style of warm, family-centric Thai hospitality.
Thirayuth Chirathivat, Chief Executive Officer of Centara Hotels & Resorts, stated: “It is a true honour to be recognised as Thailand’s strongest brand. This important accolade marks another major milestone for Centara, and highlights our commitment to sustainable growth and delivering unparalleled guest experiences on the global stage. Our achievements over the past year are a direct reflection of our strategic focus and dedication to showcasing Thai hospitality excellence to the world.”
ABOUT CENTARA
Centara Hotels & Resorts is Thailand’s leading hotel operator. Its 93 properties span all major Thai destinations plus the Maldives, Vietnam, Laos, China, Japan, Oman, Qatar, and the UAE. Centara’s portfolio comprises six brands – Centara Reserve, Centara Boutique Collection, Centara Grand, Centara, Centara Life and COSI Hotels – ranging from luxury island retreats and upscale family resorts to affordable lifestyle concepts supported by innovative technology. The group’s newest Centara Reserve brand was unveiled in 2020 as an experiential luxury collection, inviting guests to discover a new era of story-driven hospitality starting with Centara Reserve Samui.
Centara also operates state-of-the-art convention centres and has its own award-winning spa brand, Cenvaree. Throughout the collection, Centara delivers and celebrates the hospitality and values Thailand is famous for including gracious service, exceptional food, pampering spas and the importance of families. Centara’s distinctive culture and diversity of formats allow it to serve and satisfy travellers of nearly every age and lifestyle.
Centara aims to become a top 100 global hotel group, while spreading its footprint into new continents and market niches. As Centara continues to expand, a growing base of loyal customers will find the company’s unique style of hospitality in more locations. Centara’s global loyalty programme, Centara The1, reinforces their loyalty with rewards, privileges and special member pricing.
