IMPACT invests in Leisure Offerings to Diversify Revenue
IMPACT Exhibition Management reports that it has invested US$159.4 million over a three-year period to develop facilities, with the aim of diversifying its offerings and attaining a more balanced revenue stream.
The ibis Bangkok IMPACT hotel and The Portal, a four-storey retail building, will open in March. IMPACT Speed Park, a go-kart circuit, was launched late last year. The water park is scheduled to be completed by October 2018, featuring a seven-hectare plot. Construction of Pullman hotel will begin next year, replacing the Eastin Lakeside Hotel and will start operations in 2019.
Paul Kanjanapas, managing director of IMPACT Exhibition Management, said, “Although the current economic situation is not promising, IMPACT sees it as a good timing for investment. When construction completes and the economy recovers, IMPACT can start generating income right away.”