Group room revenue decreased by 42.4% y-o-y, mainly due to lower room occupancy and lower room rates. Due to Covid-19, Burasari Resort, Phuket, Hotel Royal Bangkok and Hotel Royal Penang were temporarily closed during 2Q20.
Hotel owner and operator Hotel Royal has been hit hard by travel restrictions as a result of the Covid-19 pandemic. This is apparent as the group recorded a loss of $3.0 million in 1H20, compared to earnings of $2.4 million in 1H19.
This came on the back of a 37.6% drop in revenue to $17.4 million from $27.9 million a year ago.
