Dusit Thani Group
|Traded as||SET: DTC|
|Founder||Thanpuying Chanut Piyaoui|
Number of locations
|Suphajee Suthumpun, Group Chief Executive Officer:6|
Dusit Thani College|
Le Cordon Bleu
|Revenue||5,425 million baht (2016):8|
|114 million baht (2016):8|
Number of employees
Dusit Thani Hotels|
Dusit Princess Hotels
dusit D2 Hotels
Dusit Residence Serviced Apartments
Dusit Devarana Hotels
The Dusit Thani Group of companies, also known as Dusit International is a Thai multinational hospitality company headquartered in Bangkok, Thailand. Dusit International has 29 hotels and resorts in 18 countries. Founded by Thanpuying Chanut Piyaoui in 1948, the company is now led by Suphajee Suthumpun.
Dusit International's FY2016 revenues were 5,425 million baht, up one percent from 2015's 5,370 million. Net profits in FY2016 plunged 43 percent from 2015: from 199 million baht to 114 million. Total assets amounted to 9.033 million baht, down four percent year over year. Total liabilities dropped eight percent in FY2016 to 3,679 million baht.:8
The top seven Dusit International executives' remuneration in FY2016 was 57.13 million baht in salary and benefits, up from 32.51 million baht paid to eight executives in 2015.:57
The group's origin dates back to 1948 when Thanpuying Chanut Piyaoui, opened her first hotel, the "Princess" in Bangkok. It had only 30 rooms but had the distinction of being the first modern hotel in Bangkok with a swimming pool.
The company takes its name and much of its character from the ideas of King Rama VI, whose thoughts on the modern state blended Western and Thai influences. In 1918, he created a utopian miniature city near Lumpini Park and named it Dusit Thani meaning "town in heaven". In Thai, Dusit is the mythological name for the fourth of the seven levels of heaven.
In 1970, the Dusit Thani Bangkok became the company's first flagship hotel. The 510-room hotel was the first luxury hotel and the tallest building in Bangkok for several years. In 2017 it was announced that the hotel would be demolished in April 2018. That date has been postponed for eight months: final checkout at the Dusit Thani will be at 14:00, 5 January 2019. The rebuilt hotel will open as part of a 36.7 billion baht mixed-use project to be built in partnership with Central Pattana PLC. When an entirely new Dusit Thani reopens its doors after a three-four year construction period, it will be taller but with fewer rooms — about 300 compared with the current 510.
In 1987, Dusit acquired its first resort property, Dusit Thani Pattaya, followed by another beach resort in Phuket Province, the Dusit Thani Laguna Phuket. In 1989, Dusit Thani Hua Hin, formerly known as the Dusit Resort and Polo Club, opened. Royal Princess Chiang Mai was opened in Chiang Mai in 1991, followed by the Dusit Island Resort Chiang Rai.
In 1995, Dusit International acquired the Hotel Nikko Manila by purchasing shares in the holding company, Philippine Hoteliers, Inc. (PHI), from Japan Airlines Development Company Limited and JAL Trading Inc. After the acquisition, the Hotel Nikko Manila came under the management of Dusit Thani Hotels and Resorts, and was renamed the Dusit Hotel Nikko, Manila. The Manila hotel underwent a major renovation programme and became Dusit Thani Manila in April 2008. It is known for the Supreme Court ruling on "Illegal Strike" which considered the shaving of heads by the employees of Dusit Hotel as tantamount to committing strike. The issue has been protested widely in the Philippines especially with the International Labour Organization's findings that the Philippine government and the Supreme Court violated the workers' right to freedom of expression and association and redefined the meaning of strike.
In November 2006, Dusit Thani added a brand extension, the Dusit Lifestyle Collection with dusitD2 hotels and resorts. dusitD2 is the second generation brand of Dusit Thani Hotels and Resorts. The first property in the dusitD2 collection opened in November 2006 in Chiang Mai. The second dusitD2 hotel, dusitD2 Baraquda Pattaya, was opened in February 2009.
In addition to the Dusit sub-brand extension, the company introduced Dusit Residence Serviced Apartments. Pearl Coast Premier Hotel Apartments, Dubai, United Arab Emirates was opened in January 2007, followed by Dusit Residence Dubai Marina, United Arab Emirates in 2008.
Dusit International's portfolio includes Dusit Princess Hotels and Resorts. The rebirth of the original Princess hotel came with the 1989 opening of the Royal Princess Larn Luang, Bangkok,. There are seven Dusit Princess properties in Thailand. The first Dusit Princess outside Thailand, Dusit Princess City Centre, Dubai, opened in December 2009.
In 2007, Dusit formed a joint venture agreement with Bird Hospitality Services (BHS) to bring Dusit International brands to India. The first property in the Dusit Devarana collection opened in 2013 in New Delhi. In 2014, Dusit Thani introduced its second Devarana property signing with an agreement with Zhuzhou Nature Real Estate Development Company. The Dusit Devarana Hot Springs & Spa Resort Zhuzhou is set to open in 2019.
Dusit Thani announced the opening of three hotels in China as well as 45 other projects in the pipeline, including Dusit Thani Abu Dhabi, Dusit Residence West Bay Doha, Dusit Thani Dilmunia Bahrain, and Dusit Thani Jeddah.
In October 2014, Dusit International signed a deal with Springfield Land Corporation to build the Dusit Thani Brookwater Golf and Spa Resort in Queensland, Australia. Construction started in mid-2016 and is scheduled for completion in 2019.
The group's other business are hotel management of both Thai and overseas properties, and education, through the Dusit Thani College and a Bangkok culinary school joint venture with Le Cordon Bleu of France. In 1993, Thanpuying Chanut founded Dusit Thani College. In 2009 it initiated a programme with Lyceum of the Philippines University. Additionally, the college opened its new campus in Pattaya in 2011.
Besides these, The Dusit Executive Development Center (DEDC) was established in 2005 as a subsidiary of Dusit Thani Public Co., Ltd. to provide executive training and development courses to individuals and various organisations.
As of 2016, Dusit International has 29 properties in Thailand, the United Arab Emirates, United States, China, Maldives, Philippines, India, Egypt and Kenya. Its brands include Dusit Thani Hotels and Resorts, Dusit Princess Hotels and Resorts, dusitD2 Hotels and Resorts, Dusit Residence Serviced Apartments, and Devarana Hotels and Resorts.
|Dusit Devarana Hot Springs & Spa Conghua||Devarana||Guangzhou||China|
|dusitD2 Fudu Binhu Hotel||D2||Changzhou||China|
|Dusit Thani Dongtai||Thani||Dongtai||China|||
|Dusit Thani Fudu Qingfeng||Thani||Changzhou||China|
|Dusit Thani LakeView Cairo||Thani||Cairo||Egypt|
|Dusit Thani Maldives||Thani||Baa Atoll||Maldives|
|Dusit Thani Manila||Thani||Makati||Philippines|
|Dusit Thani Bangkok||Thani||Bangkok||Thailand|||
|Dusit Thani Hua Hin||Thani||Cha-am||Thailand|||
|Dusit Princess Khorat||Princess||Nakhon Ratchasima||Thailand|
|dusitD2 Chiang Mai||D2||Chiang Mai||Thailand|
|dusitD2 Phuket Resort||D2||Phuket||Thailand|
|Dusit Princess Chiang Mai||Princess||Chiang Mai||Thailand|
|Dusit Princess Srinakarin||Princess||Bang Na, Bangkok||Thailand|
|Royal Princess Larn Luang||Princess||Bangkok||Thailand|
|Pathumwan Princess MBK Centre||Princess||Bangkok||Thailand|
|Dusit Island Resort Chiang Rai||Thani||Chiang Rai||Thailand|
|Dusit Thani Laguna Phuket||Thani||Phuket||Thailand|
|Dusit Thani Krabi Beach Resort||Thani||Krabi Province||Thailand|||
|Dusit Thani Pattaya||Thani||Pattaya||Thailand|
|Pearl Coast Apartments||Princess||Dubai||United Arab Emirates|||
|Dusit Thani Abu Dhabi||Thani||Abu Dhabi||United Arab Emirates|||
|Dusit Residence Dubai Marina||Thani||Dubai||United Arab Emirates|
|Dusit Thani Dubai||Thani||Dubai||United Arab Emirates|
|Dusit Thani Brookwater Golf and Spa Resort||Thani||Queensland||Australia|
|Dusit Thani residences Davao (future)||Residences||Davao||PhiIippines|
|dusitD2 BGC (future)||D2||Taguig||Philippines|
|dusitD2 Davao (future)||Davao||Davao||Philippines|
|Dusit Princess Cebu (future)||Princess||Cebu||Philippines|
|dusitD2 kenz hotel||D2||Dubai||United Arab Emirates|
|dusitD2 Hotel Constance Pasadena||D2||Pasadena||United States|
|Dusit Thani Guam Resort||Thani||Guam||United States|||
|Dusit Princess Dhaka||Princess||Dhaka||Bangladesh|||
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