Origin Property PCL forms campaign, “Go Together with Origin”, together with Kasikorn Bank to increase liquidity for hotel industry in order to help 5 main cities hotel operators namely Bangkok, Pattaya, Phuket, Samui and Chiangmai to get through Covid-19 situation by unlock the fund, renovate facility and consult on development to boost up the business when the tourism industry picks up.
Mr. Peerapong Jaroon-Ek, Chief Executive Officer of Origin Property PCL (ORI), one stop service real estate developer has revealed that Covid-19 has caused tourism industry, hotel and related businesses which used to build up more than 20% of GDP revenue and created more than 4 million jobs. Now the country has faced with Covid for more than a year, the operators especially in tourism destinations are facing cashflow problem and trying hard to adapt themselves. The company will move forward with alternatives to support hotel industry with the campaign “Go Together with Origin”.
“The incidence seem like switch off the tourism industry suddenly, revenue decreases but expenses keeps moving. Though the business owners are trying to maintain the business but longer period and short of cashflow make them exhausted badly. We as one of the one stop service real estate developer, would like to be part of the energy booster to support companion in the same industry to stand up and resume back when the situation is back to normal. “, Mr. Peerapong said.
“Campaign “”Go Together with Origin”” is the campaign to support business owners in hotel industry in 5 main tourist destinations namely Bangkok, Pattaya, Phuket, Samui and Chiangmai. And Origin Property will help reduce the burden for the operators under the 3 concepts which are
1) Funding support by joining as partner for hotel operators. We will give consult and connect owner with KBank to support loan for business owner.
2) Help to renovate and improve the hotel infrastructure, renew the unit to be ready when the market is back.
3) Help planning and developing new model and revenue platform to increase hotel revenue and move forward to cope up with market trend. “
Mr. Patchara Samalapa, President of Kasikorn Bank PCL stated that during previous year Thailand is under Covid-19 crisis, Kbank has supported our customers both directly and indirectly through consultation, financial measures to reduce burdens and enhance liquidity for business owners especially those related with tourism and hotel industry which are still unrecovered yet. The cooperation with Origin Property PCL is another alternative to provide support to hotel operators in enhancing strength and liquidity to come back and creating comparative advanctage for our economy.
“Previously tourism and hotel industry are key players to produce Thailand’s reveue and create job for large group of people but pandemic has affected heavily to the industry which caused impact to business owners and their employees. Kbank is delighted to be part of the campaign with Origin Property in order to assist the owners to maintain their operation and prepare themselves when the market is back. Bank is confident that we have the right partner to act together to bring the hotel industry back on the right track.”, Mr. Patchara added.
In case the hotel operators in 5 main cities would like to join the campaign “Go Together with Origin, can find more detail at www.origin.co.th/helphotel or contact us at email: email@example.com from today – 30 Septermber 2021.
Origin Property PCL operates three core businesses comprising
1. Residential Development Business. As of the end of Q2/2021, it has developed 86 housing and condominium projects with a total value of over 134 billion baht under PARK ORIGIN, The Origin, KnightsBridge, Notting Hill, Kensington and BRITANIA brands
2. Recurring Income Business. It develops and manages hotels, serviced apartments and retail spaces under One Origin Company Limited.
3. Service Business. It offers property management, property agent and consultancy services with a vision to expand into other businesses continuously and become an end-to-end property developer and solution provider.