Minor Hotels has reported a 16 per cent jump in net profit to 5.1 billion baht (US$151 million) and a nine per cent rise in total revenue to 134 billion baht for 2024.
The record-breaking numbers underscore heightened global tourism demand, particularly in the group’s home market of Thailand as well as in Europe where it operates more than 280 properties.
The global hotel owner and operator, which has a portfolio of more than 560 properties in 58 countries, ended the year on a strong note with fourth-quarter profit of 2.2 billion baht, representing a 14 per cent year-on-year increase.
The results reflected disciplined pricing strategy, strong operating leverage, and continued expansion under the group’s ‘asset-right’ strategy – a deliberate balance between asset-heavy and…
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