Standard International Expands THE PERI HOTEL Brand with the Launch of THE PERI HOTEL, BANGKOK SUKHUMVIT
Standard International, a leader in lifestyle and hotel management known for its global expansion under the brands The Standard, Bunkhouse, and The Peri Hotel, has announced the launch of its latest hotel, “The Peri Hotel, Bangkok Sukhumvit” (<\/span>เดอะ เภรี โฮเต็ล สุขุมวิท)<\/span><\/u>. This new hotel opening is part of the development plan to expand the The Peri Hotel brand across Asia and Australia.
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The Peri Hotel, Bangkok Sukhumvit is located in the heart of Bangkok, marking the third location of The Peri Hotel brand in Thailand, following the earlier openings of The Peri Hotel, Hua Hin (เดอะ เภรี โฮเต็ล หัวหิน) and The Peri Hotel, Khao Yai (เดอะ <\/span>เภรี โฮเต็ล เขาใหญ่)<\/em>. It is managed by a world-class executive team behind the tremendous success of The Standard, Hua Hin and The Standard, Bangkok Mahanakhon, both highly anticipated and set to open in mid-2022.
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“The Peri Hotel, Bangkok Sukhumvit, our third hotel under The Peri Hotel name, represents the next step in our regional expansion of The Peri Hotel brand,” Amar Lalvani, <\/strong>Executive Chairman of Standard International<\/em> <\/span><\/span>said. “The Peri Hotel brand, with its hallmark of genuine hospitality and commitment to the surrounding community and environment, meets the needs of modern travelers seeking trust, simplicity, and authenticity through shared travel experiences. It also responds to hotel developers looking for strength, reliability, and consistent operations, reflecting strong operational revenue outcomes moving forward.”<\/span>
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The Peri Hotel, Bangkok Sukhumvit is set to open in 2025, featuring 169 rooms, a vibrant lobby and communal lounge area, an international restaurant, a gym, a poolside bar, and a city beach club, all situated in the heart of Bangkok. The hotel is surrounded by a lively nightlife community and
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entertainment, popular cafes, restaurants, offices, and shopping malls, with just a 550-meter walk to the Phrom Phong BTS station or a taxi ride to Bangkok's old town. This hotel is perfect for social gatherings with friends by the pool, enjoying cocktails and favorite dishes in a simple yet comfortable design that beautifully blends contemporary architecture, industrial-style interiors, and medieval decor.
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Despite launching during a major pandemic, The Peri Hotel has achieved strong success, with both The Peri Hotel, Hua Hin and The Peri Hotel, Khao Yai generating positive net operating income (NOI) throughout 2021, even amid the impacts of the Delta and Omicron variants and strict international travel measures.
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- In 2022, year-to-date revenue has significantly increased, reaching 41% in Khao Yai and 30% in Hua Hin year-over-year, marking a tremendous achievement in attracting domestic customers due to the brand's distinctive concept and positioning.
- Food and beverage (F&B) is a major contributor to strong sales at both hotels, accounting for 40% of revenue in Khao Yai and 37% in Hua Hin.
- In the most recent month, The Peri Hotel, Hua Hin's revenue growth index (RGI) surpassed competitors at 116, while The Peri Hotel, Khao Yai's average daily rate index (ARI) exceeded the sub-group at 135.5.
- Year-to-date, over 50% of room revenue comes from direct bookings with the hotel.
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With operational success and this memorable new hotel brand, The Peri takes pride in engaging with guests and the surrounding local community.
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The Peri Hotel is poised for strong growth, just like the growth of The Standard brand, with a world-class operational team leading in management and innovation in design, culture, and cuisine, following the success of The Standard, Hua Hin and The Standard, Ibiza, which are already operational, with The Standard, Bangkok Mahanakhon set to open in mid-2022, followed by The Standard, Singapore and The Standard, Melbourne.
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About <\/u><\/strong>The Peri Hotel<\/u><\/strong>
The Peri Hotel offers travelers away from home the opportunity to discover the true happiness of life, stemming from a vision of heartfelt service. With simple and humble service, based on the principles of The Standard, The Peri Hotel elevates standards by delivering unique experiences at each distinct destination, along with warm hospitality from the surrounding local community.