October 4, 2024 (Bangkok, Thailand): HOP INN, the leading budget hotel chain operating in Thailand, Philippines, and Japan, with over 70 branches and more
HOP INN Targets 2030 IPO Spin-off and Expansion to 3 New Countries to be Leading Budget Hotel in Asia-Pacific
Ms. Pichanun Boonpromgul, Erawan Hop Inn Co. Ltd., President, Hotel Investment; and Ms. Nalinee Krisadavivat, Erawan Hop Inn Co. Ltd., President, Hotel Operation.HOP INN, the leading budget hotel chain operating in Thailand, Philippines, and Japan, with over 70 branches and more than 7,000 rooms, has set out a new strategy to penetrate new markets in at least 3 new countries and expand as a regional brand.
Embarking on a high pace expansion plan in Thailand, Philippines, and Japan with the goal of growing and maintaining loyal customer base, HOP INN is targeting an average annual revenue growth rate of over 15%, aiming to become the number one budget hotel network in Asia-Pacific by 2030.
“To enhance HOP INN’s capabilities and readiness in line with the long-term investment plan, the IPO spin-off plan has been approved by the Board of Directors of The Erawan Group Public Company Limited. We established a set of key milestones to achieve by 2030. We anticipate filing the company for listing on Thai stock exchange in 2027, aiming for an initial public offering to support our long-term expansion plan,” she added.said, “HOP INN aims to make every journey easier for everyone.
“‘Consistency is Yours’ – this commitment comes from the dedication of our entire team in the past 10 years and will become our promise to our customers from now on. Every year, more than 2.5 million customers stay with HOP INN. We sincerely thank you for your support. HOP INN is ready to deliver quality service everywhere you go,” she added.
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