Centara Group's Maldives portfolio has returned to profitability (positive EBIT) as of Q4 2025, driven by ramp-up of two new resorts (Centara Mirage Lagoon and Grand Lagoon) that are now in higher-occupancy phases. RevPAR across the portfolio surged 61% YoY in H1 2026, with new properties posting 234% RevPAR growth. The company expects 900 million baht in incremental revenue this year. Strong tailwinds include 30-minute airport proximity, differentiated amenities (water park), and aggressive dealer channel activation. Dynamic pricing and a geographically diverse customer base (China 16%, Russia 14%) are supporting occupancy at 64% portfolio-wide, up from 45%.