Minor Hotel Group sees profits rise


Thailand's Minor Hotel Group has reported a 38 percent year-on-year increase in net profit for 2015, which can largely be attributed to the improved performance of Oaks Hotels & Resorts, a strong increase in real estate income and revaluation gains of Baht670 million from business acquisitions relating to the Sun International and Oaks Elan Darwin transactions. Excluding the revaluation gains, 2015 net profit for MHG increased by 16 percent year-on-year.

Real estate income was helped by the sales of The Residences by Anantara Layan Phuket, which drove revenue from the group’s real estate business 30 percent higher than in 2014. Overall RevPAR of the hotel portfolio (excluding Oaks) organically increased by ten percent in 2015. 

The company also opened two new-build Anantara resorts–Banana Island Resort Doha by Anantara in Qatar in January and Anantara Peace Haven Tangalle Resort in Sri Lanka in January. The MHG-owned Four Seasons Bangkok was reflagged as the Anantara Siam Bangkok, and is now the brand’s flagship in Thailand.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

MHG is an owner, operator and investor with a portfolio of 145 hotels, resorts and serviced suites in 22 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean.


Suggested Articles

As of the end of June, the total U.S. hotel construction pipeline is down just 1 percent from last year, according to Lodging Econometrics.

The Microtel Inn & Suites by Wyndham Farmington is the 10th Microtel by Wyndham hotel in the Indus Hospitality Group portfolio.

A portion of the hotel will be designated for use by the University of Nebraska’s hospitality, tourism and restaurant management program.