Thailand: Dusit forms JV for hotel in Japan; One2Car, partners to launch new services

Image of Dusit Devarana

Thai hotels operator Dusit International made a JV with Japanese partner to open a new hotel in Japan. iCar Asia Thailand has teamed up with Thanachart Bank and Rabbit Finance to launch new services on One2Car.com

Dusit forms JV to open hotel in Japan

Dusit International plans to open a new hotel in Japan by 2020 through a joint venture with Japan-based Colours International.

Dusit International holds 49 per cent stakes in the new joint venture firm, Dusit Colours, and Colours International, the operator of the E-Hotel chain in Japan, owns the remaining 51 per cent.

The joint venture will explore opportunities in several major Japanese cities, including Kyoto, as candidate sites for hotels under Dusit International’s five-star Dusit Thani brand, and is also considering projects under other Dusit hotel brands, including dusitD2, Dusit Princess and Dusit Devarana.

“In the next three years, we aim to broaden our portfolio to have more than 50 per cent of our operations outside of Thailand, and entering key markets such as Japan will be essential to reaching this goal,” said Suphajee Suthumpun, group chief executive officer of Dusit International and director of Dusit Colours.

Japan is among the top 10 destinations for travellers worldwide, with international visitor numbers growing by an average of 33 per cent per year between 2011 and 2015.

One2Car ties up with partners to launch new services

iCar Asia Thailand has signed partnerships with Thanachart Bank and Rabbit Finance to provide financing and insurance services on its automotive online site One2Car.com.

These partnerships are part of iCar Asia’s plan to change One2Car.com from the country’s online automotive classified site to be a marketplace offering the trading of used and new cars and other supporting services.

Pornladda Dathratwibul, manager of iCar Asia Thailand, said it targets to have 28 million visitors a month, increasing from currently 22 million visitors, as well as doubling the number of paid dealers from 1,000 to 2,000 this year.

iCar Asia Thailand is part of iCar Asia, which is listed on the Australian Securities Exchange and owns and operates ASEAN’s No. 1 network of automotive portals. iCar Asia, headquartered in Kuala Lumpur, has the operations in three countries: Malaysia, Indonesia and Thailand.

Pornladda said that the parent company is exploring more acquisition opportunities in a bid to expand its digital automotive platform into other ASEAN countries.

iCar Asia Thailand also owns another two websites, which are autospinn.com and thaicar.com.

Also read:

Thai hotelier to launch Dusit D2 brand in Myanmar

Bangkok-based MBK Hotel eyes M&A strategy for growth

iCar Asia acquires One2Car for $14.4m

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.