The company operates retail space in the Standalone Cineplex to fulfill the lifestyle entertainment model by offering the customers with various entertainment services beyond movie, bowling karaoke and ice skating.
As the Cineplex becomes “destination” for lifestyle entertainment, the company is able to attract many leading international chains as well as the newly emerging local brands. With the intense competition among the quick-serve restaurant chains, every brand is in need of new rental space to expand their new branches. This has resulted in high occupancy rate in every location. Moreover, company provides all services in space rental which are the electricity, air-conditioned services, fire protection system, cleaning and security system as well as common area management services such as elevator, escalator and parking.
However a construction of BTS project called the Green-Line (North), from Mochit to Saphan Mai had been constructed since 2016, the extended line is scheduled to open for service in 2020. In this meantime, Major got significantly impact from decreasing of rental revenue as well as occupancy rate declined. Therefore, the company expects that the rental revenue will get sustainable growth once the construction is completed.