Global hotel owner, operator and investor Minor Hotels has disclosed a 34% increase in core profit for the first half of 2025, despite ongoing geopolitical disruptions and macroeconomic challenges.
According to the Thailand-based hospitality group, its diversified global presence has played a crucial role in offsetting market softness and driving financial success.
The financial uplift of the company is attributed to a group-wide increase in occupancy and rates, specifically in the Maldives and key European regions, where travel demand was particularly high.
During the period, a 4% year-on-year (YoY) rise was seen in revenue per available room (RevPAR), with occupancy climbing to 67% and average daily rate (ADR) growing by 2%.
A surge in room bookings coupled with strategic pricing initiatives in key markets resulted in a core profit of Bt2.26bn ($69.72m) for the first half.
Minor's second-quarter performance continued the positive trend, with core profit reaching Bt2.7bn, marking a 9% YoY gain.
This was backed by robust results from the European portfolio and effective rate management strategies, stated the company.
System-wide RevPAR also saw a 2% YoY increase in the second quarter, supported by a 2% rise in ADR, while occupancy levels were maintained.
The Europe and the Americas region led Minor's first-half performance, with a 6% increase in RevPAR YoY, despite a high comparison base from the previous year.
The region experienced a 3% rise in ADR and a two-percentage-point increase in occupancy, reaching 69%.
In Asia, the Maldives showcased a strong performance with a 23% surge in first-half RevPAR, attributed to a 14%-point rise in occupancy.
However, Thailand experienced softer demand, with a decline in occupancy leading to a 6% drop in RevPAR, although ADR remained stable.
Notably, upcountry destinations in Thailand, such as Koh Samui, outperformed the wider market by exhibiting growth.
The combined Asia and Indian Ocean region reported a 3% increase in RevPAR in the first half, with a 4% YoY gain in the second quarter.
The Middle East and Africa region also saw growth, with a 4% increase in the first half and an 11% rise in the second quarter.
Minor International group CEO Dillip Rajakarier said: “We’re delivering stronger margins while expanding our footprint, and showing that a well-diversified global portfolio can drive resilience even in uncertain times.”
Minor Hotels is focused on its long-term strategy of sustainable growth and asset-light expansion.
The group has expanded its portfolio with the introduction of four new brands, namely the Wolseley Hotels, Minor Reserve Collection, The Colbert Collection, and iStay Hotels.
This expansion enhances Minor's ability to serve diverse customer segments and supports its growth ambitions to operate 850 properties by 2027.
Looking ahead to the second half of 2025, Minor Hotels maintains a positive outlook, with forward bookings for both leisure and business segments aligning with expectations in its key markets.
