Minor eyes huge hotel portfolio growth

Quick Summary:

SET-listed Minor International is targeting capital expenditure of 10-12 billion baht a year to reach its goal of 1,000 hotels and 4,500 restaurants by 2029, while banking on a boost to Thai growth thanks to the filming of The White Lotus at its four resorts.

Under its three-year plan, Minor aims to add 280 new hotels and 1,500 restaurants, bringing the total to 850 hotels and 4,000 restaurants by 2027.

Hotels in Europe and the Americas reported 9% year-on-year RevPar growth, led by strong average daily room rates, while Thailand's RevPar increased by 17%, thanks to high-spending travellers.

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Article Details

Category: EconomyBusiness

Markets: ThailandJapanSingapore

Topics: Company Rajakarier Restaurants Properties Year Japan Billion Baht Hotels Minor 10-12

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 04:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26236716

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