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SPA Moves to SET on September 13, 2024 Reaffirming Business Potential, Supporting Thailand’s Megatrends, and Expanding Investment Opportunities for Domestic and International Institutions

admin — Tue, 17 Sep 2024 05:15:05 +0000

Mr. Wiboon Utsahajit, Chief Executive Officer of Siam Wellness Group PCL. or SPA, emphasized that this transition signifies a major milestone for the company. SPA has evolved from an SME into SME role model, becoming the first spa company to be listed on the SET. The move also reinforces its ambitions to become a regional leader in Asia’s spa and wellness market. SPA’s strategy to be a Data-Driven Spa & Wellness Company positions it to unlock further growth opportunities, while attracting more domestic and international institutional investors, partners, and shareholders.

SPA, which first traded on the mai on October 31, 2014, has been recognized as a high-growth stock with a diversified portfolio, covering businesses from upstream to downstream in the spa and wellness industry. Its exponential growth in the number of branches and its standing as a company favored by investors and analysts alike highlights the company’s solid operational capabilities. The alignment with megatrends in tourism and health further positions SPA to benefit from ongoing economic drivers in Thailand.

In the first half of 2024, SPA and its subsidiaries generated revenues of 790.57 million baht, with a net profit of 135.59 million baht. The company has set a revenue target of 1.7 billion baht for 2024, with management optimistic that second-half results will surpass the first half due to seasonal tourism boosts and the Thai government’s visa exemption measures. This aligns with the government’s goal of generating 3.5 trillion baht from tourism, with 2.5 trillion baht expected from international visitors.

Looking forward, SPA’s 2024-2025 growth strategy includes expanding new branches in key locations such as Bangkok and major tourist destinations. The flagship project for 2025 will be the third Let’s Relax Onsen Lumpini, a 3,000 sqm facility located in the Grand Centre Point Lumpini Hotel, near key business hubs in Bangkok, showcasing SPA’s leadership in Thailand’s onsen industry.

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The Annual General Meeting of Shareholders of Siam Wellness Group Public Company Limited [SPA] for the year 2024.

admin — Thu, 07 Mar 2024 15:56:43 +0000

The Annual General Meeting of Shareholders of Siam Wellness Group Public Company Limited [SPA] for the year 2024. Ms. Prani Supawatgiet (5th seat from the left), Chairperson, Mr. Viboon Uttasajjit (3rd seat from the right), Director and CEO, together with the Board of Directors of Siam Wellness Group Public Company Limited, provided details on the performance for the year 2023 and the business plan for the year 2024 of SPA. The AGM for the year 2024 was held in the form of an Electronic Annual General Meeting (E-AGM) on April 20, 2024.

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SPA opened new branch Let’s Relax Spa Courtyard by Marriott Suvarnabhumi Airport

admin — Sat, 02 Dec 2023 04:51:00 +0000

This new spa branch is designed under the concept of “Workation,” blending business travel, tourism, and relaxation together to create a contemporary experience. It exudes a sense of modern luxury and comfort by using soft white, silver, and gold tones harmoniously combined. The intention is to convey a feeling of sophistication, modernity, warmth, and relaxation. Conveniently located within the Courtyard by Marriott Suvarnabhumi Hotel, it is approximately 10 minutes away from Suvarnabhumi Airport. The new branch is situated on Level L of the Courtyard by Marriott Suvarnabhumi Airport hotel.

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“Let’s Relax Onsen and Spa: Thonglor” has won the award for Best Onsen in Thailand 2023 from the Japanese Club Thailand 2023 Awards.

admin — Fri, 01 Dec 2023 04:52:00 +0000

Let’s Relax Onsen and Spa: Thonglor was selected as the Best Onsen in Thailand 2023 based on criteria such as the design of the onsen, appropriate temperature, various amenities in the onsen, cleanliness of the facility, other conveniences provided, accommodations surrounding the area, decoration, different environments, choice of materials reflecting the intention of service, value for money, convenience in payment methods, and the staff’s attention to service.

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Let’s Relax Spa Goes Green

admin — Fri, 01 Dec 2023 04:25:00 +0000

Let’s Relax Boutique Day Spa, Thailand’s boutique day spa chain, with over 50 branches across Thailand’s popular tourist destinations, has joined a campaign to reduce plastic usage in its services. Let’s Relax has replaced plastic bags used for Thai massage with cloth straps to reduce plastic waste, while maintaining high health standards. This change helps reduce plastic usage by up to 2 tons per year. Moreover, Let’s Relax aims to decrease non-environmentally friendly materials used in customer service processes by 15% within one year. This includes switching from paper slippers to rubber slippers that are sanitized before each use.

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SPA received Outstanding Investor Relations Awards for listed Company in mai at SET Awards 2023

admin — Thu, 02 Nov 2023 04:49:00 +0000

Mr. Narun Wiwattanakrai, Executive Director of Siam Wellness Group Public Company Limited received the Business Excellence Awards for Outstanding Investor Relations Awards under for mai-listed Companies with Market Capitalization above 1.5 billion baht from Mr. Pakorn Peetathawatchai President of Stock Exchange of Thailand at SET Awards 2023 Award Ceremony held at Stock Exchange of Thailand, […]

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Let’s Relax Spa celebrates its 25th anniversary in collaboration with the College of Music, Mahidol University, creating new experiences for customers under the theme “Unbounded Senses of Relaxation.”

admin — Wed, 01 Nov 2023 04:49:00 +0000

Let’s Relax Spa focuses on crafting new experiences for customers under the theme “Unbounded Senses of Relaxation,” with a particular emphasis on the sense of hearing. This aspect is considered a key element in providing relaxation to customers during their service. Let’s Relax Spa has partnered with the College of Music, Mahidol University, a leading institution in music education accredited by MusiQuE for its outstanding musical standards. The collaboration incorporates musical analysis into the playlist of Let’s Relax Spa, specifically arranging notes for various musical instruments, including piano, strings, and guitar, with harmonious melodies that align seamlessly. This is achieved through five metrics, namely Tempo, Melodic Line, Harmonic Structure, Instrumental, and Other Elements. The objective is to enhance relaxation, happiness, tranquility, and the overall sense of relaxation while receiving spa services.

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SPA opened new branch Let’s Relax Spa – Grande Centre Point Surawong

admin — Sun, 01 Oct 2023 04:49:00 +0000

Invite yourself to experience relaxation of the mind and rejuvenation of the body after a hectic daily routine. With the Neo-Classical spa style, such as Let’s Relax Spa at the Grand Centre Point Hotel Sukhumvit, a leading spa designed to be modern, distinctive, and with an ambiance that helps create a balance between the body and mind. Here, you will encounter a spa experience unlike any other, both in terms of cleanliness and outstanding service.

The new branch is located in the front building of the Grand Centre Point Hotel Sukhumvit.

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Let’s Relax Silom Edge, First Upcycling Spa

admin — Wed, 06 Sep 2023 04:27:00 +0000

Let’s Relax Silom Edge, the first Upcycling Spa, is committed to environmentally conscious design by carefully selecting decorative materials. Despite its modern theme, the spa embraces the ‘Circular Design’ approach, focusing on ‘Up-Cycling’ materials. This emphasizes the use of materials that undergo various processes to bring unused materials back into the cycle of reuse without compromising quality or composition. These materials have not undergone industrial or chemical processing that could negatively impact the environment, with minimal chemical use. The concept is rooted in eco-design, with a focus on waste reduction, extending lifespan, and enhancing efficiency in reuse. This approach aims to minimize environmental impacts throughout the design, production, use, and post-use or expiration phases.

The spa’s environmentally conscious choices include brick walls crafted from recycled materials leftover from construction. The reception corner is designed using 3D Cement Printing Solution-Extrusion, offering an unusual, large, and spacious appearance. The beautifully arranged red walls feature a Fores pattern, and fabrics and pillows are produced as a special edition using upcycled materials. This ensures that every element of this branch exudes a unique blend of modernity and futurism while remaining inherently natural.”

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SPA opened new branch Let’s Relax Spa – Silom Edge, the first Upcycling Spa

admin — Sat, 02 Sep 2023 04:46:00 +0000

The branch has a modern design with white and red tones. To create a bright atmosphere reflecting the Thainess, the decoration theme and construction materials follow a “Circular Design,” emphasizing the use of various “Up-Cycling” materials. For instance, the brick walls are created from recycled materials obtained from construction material scraps. The reception corner is designed using a 3D Cement Printing Solution-Extrusion, giving it an unusual appearance. The space is large and spacious, featuring beautifully arranged red walls with a Fores pattern. Additionally, fabrics and pillows are produced with a special edition upcycled material, adding charm to every element of this branch. The combination of modernity and futurism with a touch of natural beauty is perfected in this design.

This branch is located on the 3rd floor of the Silom Edge project.

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