The company is solidifying its role as a leader in the Southeast Asian hospitality industry and is collaborating with partners to advance toward sustainable growth.

BANGKOK, THAILAND - Media OutReach - 20 November 2023 - ONYX Hospitality Group, a reputable force in Southeast Asia's hospitality industry, operates a collection of comprehensive yet complementary brands - Amari, OZO, Shama, and Oriental Residence - across Asia Pacific, catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies, actively participated in the largest travel industry trade show in Asia, ITB Asia 2023, which took place from October 25 to 27 at the Sands Expo and Convention Center in Singapore. ITB Asia, the premier business-to-business (B2B) travel and tourism trade show in Asia, gathered a multitude of prominent figures within the regional tourism sector. ONYX Hospitality Group's participation in ITB Asia 2023 presented a valuable opportunity to extend its business network and fortify partnerships. These partnerships aim to collectively stimulate and propel the region's tourism industry towards steady and sustainable growth. Participating in this event enabled ONYX Hospitality Group to share its vision of success with fellow industry leaders. This exchange focused on ensuring the quality and standards of hotels, resorts, and serviced apartments within the network, as well as discussing strategies for enhancing and expanding investments in the hospitality business. All these efforts are aimed to solidify its position as "The Best Medium-sized Hospitality Management Company in Southeast Asia." Yuthachai Charanachitta, CEO of ONYX Hospitality Group, shared his thoughts on the company's involvement in ITB Asia 2023, stating, "Our aim is to showcase our unwavering commitment to establishing benchmarks in the hospitality sector and our ongoing expansion within the region. With over 50 years of experience in the industry, ONYX Hospitality Group is not only dedicated to delivering an exceptional guest experience but is also deeply committed to fostering sustainable growth in terms of business, society, and the environment by employing a diverse range of strategies and activities. Furthermore, we are in a constant state of development as we strive to establish a leadership position in the MICE market, which encompasses Meetings, Incentives, Conferences, and Exhibitions. Simultaneously, in another facet of our operations, we persistently extend our investments to foster growth, even in the face of intense competition within the Southeast Asian hotel industry." During this event, Mr. Yuthachai had the privilege of being a distinguished guest on the MICE Leaders' Panel, where he shared insights and expertise on the topic "The Power of Many – Collaborations for Success in the MICE Ecosystem." This panel discussion took place on October 25th. As part of its key strategies, ONYX Hospitality Group has introduced an approach aimed at establishing connections with industry partners, emphasizing a profound commitment to a 'Tailored Approach to Hospitality.' This approach has been central to their business development and serves as a guiding principle in their collaborations with partners and alliances over the past period. As a result, the company has gained the trust of esteemed trade partners, both on a domestic and international scale, fostering their successful and sustainable business ventures. Presently, ONYX Hospitality Group oversees the management of 44 hotels, resorts, and serviced apartments across Thailand, Malaysia, China including Hong Kong, Maldives, Bangladesh, and Laos. These properties fall under the banner of four main brands, namely Amari, OZO, Shama, and Oriental Residence, all of which are renowned regionally and globally. The company has outlined plans to expand its investments to encompass over 50 properties by 2025, with a further target of reaching 70 properties by 2028. In the forthcoming years, particularly between 2023 and 2024, the focus will be on investment opportunities within Southeast Asia, specifically in key markets like Thailand and Malaysia. Furthermore, the company is actively exploring prospects in markets such as Hong Kong, while also venturing into new territories like Indonesia and Singapore. This strategic expansion aims to drive consistent and substantial growth throughout the entire region. Exciting developments are underway for ONYX Hospitality Group in 2023 with the opening of Amari Raaya Maldives, which welcomed its first guests in Q3 2023, and the eagerly anticipated Amari Colombo Sri Lanka set to open its doors in 2024. Additionally, the group has a further 9 properties in the pipeline, encompassing all three core brands: Amari, OZO, and Shama. The MICE business, comprising Meetings, Incentives, Conferences, and Exhibitions, holds a significant place in the strategic priorities of ONYX Hospitality Group. It is...