ONYX Hospitality Group: Continued Growth and Expansion in Southeast Asia

ONYX Hospitality Group is experiencing excellent growth in 2024, with a revenue target of 9.463 billion Baht, representing a 19% increase over last year and 23% compared to pre-pandemic levels in 2019. This success is driven by the Amari and OZO brands, along with consistent growth in the Shama serviced apartment portfolio.

Strategic Expansion Across Southeast Asia

We are actively expanding our presence in the region, with plans to open over 9 new locations by 2025. This includes properties in Malaysia, China, Hong Kong, Thailand, Laos, and Sri Lanka. Notably, Malaysia will become the first country outside Thailand to feature all three of our brands – Amari, OZO, and Shama.

Yuthachai Charanachitta, the CEO of ONYX Hospitality Group, said: “The company has set an ambitious revenue target of 9,463 million Baht for 2024. The Amari and OZO brands are pivotal in driving this revenue goal, with the Shama brand also experiencing consistent positive growth due to increasing market demand. Moreover, ONYX Hospitality Group’s efficient management, supported by over five decades of experience, has earned the trust of its customers and business partners. This trust is reflected in the long-term contracts through which they conduct business together. The company’s 2024 revenue target aims for a growth of more than 19% compared to the previous year and 23% compared to 2019, pre-COVID-19 outbreak.”

Strengthening Our Brand Portfolio
  • Amari: The Amari Colombo in Sri Lanka (Q4 2024), Amari Vientiane in Laos (Q4 2024), and Amari The Tide Bang Saen in Thailand (2025).
  • Shama: We are expanding our serviced apartment portfolio with projects like Shama Suasana Malaysia, Shama Hub Metro South Hong Kong, and Shama Hub Qiantang Hangzhou, China. Shama Rayong set to open in Thailand by 2026
  • OZO: The OZO brand continues to grow with the launch of a new property in June 2024 and plans for OZO Medini in Malaysia later this year.
Diversifying Beyond Hotels
  • Prego: A new Prego restaurant specializing in authentic Italian cuisine will open at Kata Beach, Phuket, in 2024.
  • Nila & Chom Sindh: We are introducing exciting new culinary concepts with Nila, a restaurant showcasing coastal Indian cuisine, and Chom Sindh, featuring Thai freshwater delicacies.
Sustainability Leadership

ONYX Hospitality Group actively champions sustainability. They conserve energy and water, manage waste responsibly, and partner with UNESCO to ensure cultural sustainability. This focus aligns with growing traveler demand for eco-friendly options.

Looking Ahead

We are confident that our strategic expansion, brand diversification, and commitment to sustainability will solidify our position as the Best Medium-sized Hospitality Management Company in Southeast Asia.