Trending
Minor Hotels has reported a 2% year-on-year increase in second quarter core profits to THB 2.8bn (£63m), driven by solid growth across Europe and the Americas.
The global hotel operator recorded a 1% rise in core revenue to THB 35.8bn (£802m), while cost management lifted EBITDA by 2% to THB 7.5bn (£168m).
Meanwhile, group RevPAR remained steady as a 1% boost in average daily rates offset a 1% dip in occupancy to 68%.
Stronger performance in Spain, Central Europe and Italy helped cushion operational disruption and market pressure across the Middle East. Luxury properties in Thailand also performed strongly, delivering a 7% increase in RevPAR.
For the first half of 2026, core revenues rose 3% to THB 66.2bn (£1.48bn), though core profits fell 4% to THB 2.2bn (£49.3m) due to ongoing property renovations and foreign exchange losses.
The group said it accelerated its asset-right expansion strategy by signing 20 hotel management agreements in Q2, bringing its H1 total to 29 properties across 2,165 keys. Notable expansion plans include the brand’s United States debut with Anantara Miami Resort and Residences and entry into Turkey.
Development activity was further supported by 11 hotel openings in the first half of the year, including new locations in Slovenia and Croatia, alongside the expansion of its select-service portfolio in Thailand.
Dillip Rajakarier, chief executive of Minor Hotels, said: “This was a resilient quarter given the environment we’re operating in and it underscores the value of a diversified portfolio.
“Our teams across all regions stayed disciplined on rate and costs, which allowed us to protect profitability even as performance diverged across markets. Geopolitical tensions, currency volatility and shifting travel patterns remain factors we’re monitoring closely. We expect demand to stay uneven through the rest of 2026, and we’ll continue to track forward bookings for the second half as conditions evolve.”
Minor Hotels has reported a 2% year-on-year increase in second quarter core profits to THB 2.8bn (£63m), driven by solid growth across Europe and the Americas.
The global hotel operator recorded a 1% rise in core revenue to THB 35.8bn (£802m), while cost management lifted EBITDA by 2% to THB 7.5bn (£168m).
Meanwhile, group RevPAR remained steady as a 1% boost in average daily rates offset a 1% dip in occupancy to 68%.
Stronger performance in Spain, Central Europe and Italy helped cushion operational disruption and market pressure across the Middle East. Luxury properties in Thailand also performed strongly, delivering a 7% increase in RevPAR.
For the first half of 2026, core revenues rose 3% to THB 66.2bn (£1.48bn), though core profits fell 4% to THB 2.2bn (£49.3m) due to ongoing property renovations and foreign exchange losses.
The group said it accelerated its asset-right expansion strategy by signing 20 hotel management agreements in Q2, bringing its H1 total to 29 properties across 2,165 keys. Notable expansion plans include the brand’s United States debut with Anantara Miami Resort and Residences and entry into Turkey.
Development activity was further supported by 11 hotel openings in the first half of the year, including new locations in Slovenia and Croatia, alongside the expansion of its select-service portfolio in Thailand.
Dillip Rajakarier, chief executive of Minor Hotels, said: “This was a resilient quarter given the environment we’re operating in and it underscores the value of a diversified portfolio.
“Our teams across all regions stayed disciplined on rate and costs, which allowed us to protect profitability even as performance diverged across markets. Geopolitical tensions, currency volatility and shifting travel patterns remain factors we’re monitoring closely. We expect demand to stay uneven through the rest of 2026, and we’ll continue to track forward bookings for the second half as conditions evolve.”
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
Copyright BlazeThemes. 2023
