Minor Hotels has announced record-breaking financial results for 2024, reporting a 16% increase in net profit to THB5.1 billion (€144.8 million) and a 9% rise in revenue to THB134 billion (€3.8 billion). The performance was driven by a strong global tourism rebound, particularly in Thailand and Europe.
The hotel group, which operates over 560 properties in 58 countries, saw its fourth-quarter profit climb 14% year-on-year to THB2.2 billion (€62.9 million). Occupancy across the portfolio rose to 68%, marking a two percentage point improvement.
Thailand was a key driver of growth with occupancy reaching 70% and revenue per available room (RevPar) rising 17% due to expanded airline routes and targeted marketing efforts. In…
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