TTC Hospitality’s total assets in 2023 reached 3,910 billion VND, an increase of 37% compared to 2022, which is equivalent to an increase of over 1,000 billion VND. At the same time, the company also strives to surpass its financial targets for 2024.
In 2023, TTC Hospitality continued to expand its scale and operating model through the completion and operation of key projects: TTC Van Phong Bay Resort – a beach resort in Doc Let, Khanh Hoa province; TTC Mekong Aqua Park – a water park and interactive zoo in Ben Tre province; Ngan Thong Glass Bridge in the Valley of Love tourist area – the first 7D glass bridge in the Central – Central Highlands region; Garden of Lights (Valley of Love) with LED light models, contributing to positive changes in the night economy in Da Lat city; A giant wind chime tower up to 10m high located in the middle of a cool ironwood forest, providing a “healing” space in the sacred mountain region…
The Ta Cu wind chime tower with 6 giant chimes combined with small wind chimes around creates a symphony of “healing”.
In addition, in 2023, TTC Hospitality successfully acquired TTC Imperial Hotel – a 5-star hotel in Hue city with a unique royal architecture. This is the third 5-star hotel of TTC Hospitality besides TTC Hotel – Can Tho (Can Tho City) and TTC Hotel – Michelia (Nha Trang City).
According to Ms. Phan Thi Hong Van – Chairwoman of TTC Hospitality, regarding the accommodation sector, TTC Hospitality is aiming for the 5-star segment through the standardization of service quality, upgrading of facilities and investment in new items to meet the national standards for hotels and resorts.
“TTC Van Phong Bay Resort will be the 4th 5-star hotel in TTC Hospitality’s chain and we are also in the process of upgrading other 4-star hotels such as TTC Hotel – Phan Thiet and TTC Hotel – Ngoc Lan. Upgrading the star rating of these tourist accommodations will not only lead to a shift to a higher segment, but also more importantly, the approach to 5-star standards will contribute to enhancing the experience for customers and creating value for investors and partners”, Ms. Phan Thi Hong Van added.
It is known that in 2023, TTC Hospitality also expanded its operating model through the management and operation of accommodation facilities. Specifically, TTC Hospitality officially provides management services for Emerald Ho Tram Resort – a comfortable resort on Ho Tram beach, Ba Ria – Vung Tau City. Emerald Ho Tram Resort marks the first presence of the TTC Hospitality brand in the vibrant tourist city in the Southern region, and is a premise for TTC Hospitality to continue expanding its scale and perfecting its new operating model in the future.
TTC Hospitality has approved a plan to strive to surpass its financial targets for 2024, with net revenue of 760 billion VND and pre-tax profit of 23 billion VND.
With a series of projects put into operation, TTC Hospitality’s total assets increased from 2,847 billion VND to 3,910 billion VND, an increase of 37% compared to 2022. At the same time, business results were positive when pre-tax profit in 2023 according to the consolidated financial statements was 22.9 billion VND, reaching 127% of the annual plan and 158% compared to the same period.
Also at the GMS, TTC Hospitality approved a plan to strive to surpass its financial targets for 2024, with net revenue of 760 billion VND and pre-tax profit of 23 billion VND.
The Board of Directors for the 2021 – 2025 term introduced themselves to the congress.
According to TTC Hospitality, in 2024 the company will continue to invest in phase 2 of the TTC Van Phong Bay Resort, TTC Mekong Aqua Park projects (alongside the auxiliary items put into operation in 2023 such as Mekong Street, Coco Kids Club and TTC Mekong Central). At the same time, the company will also promote the regional characteristics of the destinations to create highlights that attract visitors, such as: Preserving the culture of the ancient capital through traditional “royal meals” and Hue court music at TTC Imperial Hotel; preserving and cherishing every architectural feature as well as bringing to life the Cham culture through activities at TTC Resort – Ninh Thuan…
In recent years, the goal of sustainable development has become not only a trend but a mandatory task for businesses in all sectors. Recognizing the importance of this issue, TTC Hospitality plans for 2024 to be the first milestone in its “Green Revolution”. Starting with ensuring that new projects comply with IFC standards (for example, the TTC Van Phong Bay Resort project has achieved a score of 90% by an independent assessment unit), to the practical activities at business units such as switching to environmentally friendly materials, reducing the amount of plastic waste by 50% across the system in the next 2 years, and the plan to plant 200,000 trees in 2024… These are all in line with the Board of Directors’ orientation of prioritizing ESG (Environment – Social – Governance) factors in management, business and operations.
TTC Van Phong Bay Resort is located next to the beautiful Doc Let beach and the green areas have become a focal point for attracting visitors.
In addition, in 2024, TTC Hospitality will also focus on restructuring and using capital effectively, as well as developing new business strategies that are in line with market trends such as focusing on tapping into the inbound markets of South Korea, Australia, Southeast Asia…
It is forecasted that in 2024, the world economic and political situation will still be very volatile and will have significant impacts on the global economy, especially the tourism industry. Furthermore, the increasingly high and diverse demand for tourism products and services from visitors will also be a major challenge for the tourism industry this year. However, with the foundation prepared in 2023, TTC Hospitality has contributed to creating a strong momentum so that in 2024, it is ready to act and always strive to create attractiveness through new and unique products and improved services. All of these will contribute to bringing value to both customers and investors.
TTC Hospitality (a member of TTC Group) owns nearly 20 destinations in key tourist provinces and cities nationwide and 1 destination in Siem Reap, Cambodia with 4 business sectors: Accommodation, Entertainment, Conference Center/Restaurant and Travel.
Website: ttchospitality.vn
