Triple Y Hotel, a design hotel in Samyan Mitrtown, the wellknown mixed-use in Bangkok's CBD, celebrates its fourth anniversary, thriving the business with 84% occupancy rate and maintaining its status quo as travellers' top of mind hotel

Wednesday 15 November 2023 16:49
Frasers Property Commercial (Thailand) or "FPCT", a leading grade A commercial buildings, hotels, and mixed-use property developer in Bangkok's central business district (CBD), under Frasers Property (Thailand) Public Company Limited or "FPT", has announced the successful performance of TRIPLE Y HOTEL, a design-lead establishment in Bangkok's city centre, marking its fourth anniversary. Despite the challenges in the hotel sector, including geopolitical risks and the economic downturn, the hotel achieved an impressive occupancy rate of over 84% in FY2023, reflecting its successful rebound. Additionally, the company continues to uphold its core principle of 'Delivering inspiring experiences' through its customer-centric approach.
Triple Y Hotel, a design hotel in Samyan Mitrtown, the wellknown mixed-use in Bangkok's CBD, celebrates its fourth anniversary, thriving the business with 84% occupancy rate and maintaining its status quo as travellers' top of mind hotel

Mr. Withawat Koottatep, First Executive Vice President of Commercial Development of Frasers Property Commercial (Thailand), shared TRIPLE Y HOTEL's jouney: "TRIPLE Y HOTEL marks the first hotel fully under Frasers Property Commercial (Thailand)'s management. The company distinguishes TRIPLE Y HOTEL from its competitors by leveraging its expertise in real estate development, exceptional design, a strategic city centre location, and the integrated Samyan Mitrtown mixed-use ecosystem. This robust foundation has enabled TRIPLE Y HOTEL to weather the challenges posed by the recent global pandemic and foster ongoing success by broadening its customer base in the academic, MICE, and tourism sectors, offering convenient and high quality accommodation at an affordable budget."

Since launching in September 2019, TRIPLE Y HOTEL successfully achieved an occupancy rate of over 71% in the first quarter of its operations exceeding its initial goal, with an average occupancy rate post-pandemic of 84% in fiscal year 2023. This success is further confirmed by an average score of 9/10 from the Guests Review Awards presented by Agoda.com, acknowledging its superior quality and services.

TRIPLE Y HOTEL is a premium leisure design-lead establishment that provides premium, high-quality rooms, facilities, and services with a focus on quality rest and convenience with a touch of Samyan heritage decor. The hotel caters its services to tourists seeking high quality, convenience and value-for-money accommodation. Additionally, The room types are designed to meet the various needs of guests, including studios, deluxe rooms in a range of sizes, and the 'Campus Suite' with a co-living concept that can accommodate up to 12 guests. This room type includes a shared living area for diverse activities, catering to both group tourists and guests from the educational sector.

As part of the Samyan Mitrtown mixed-use project, TRIPLE Y HOTEL leverages the advantages of its ecosystem, featuring retail space, a convention hall, and an office building, attracting diverse traffic. Its proximity to educational institutions hosting regular seminars and events makes it the preferred choice for guests year-round.

In 2024, TRIPLE Y HOTEL is set to capture the Chinese-speaking travellers with high purchasing power from China, Hong kong, Singapore, and Taiwan as well as educational institutions, while expanding its market to corporatesby featuring functional rooms suitable for meetings and seminars.

Looking ahead, TRIPLE Y HOTEL under the Frasers Property brand will continue to uphold its high standards, quality, and services meeting the needs of customers, creating memorable experiences which align with Frasers Property Group's mission of 'Inspiring experiences, creating places for good'.

Source: Frasers Property (Thailand)