Minor Hotel Group sees profits rise

Anantara

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 Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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.

Read more on

Suggested Articles

Kansas-based management and ownership company True North Hotel Group is opening four new hotels within a month.

After launching in North Carolina, the brand will expand into Virginia, Tennessee, South Carolina and Texas.

Radisson Individuals aims to bring independent hotels and local, regional chains into the global Radisson Hotel Group platform.