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Minor Hotels has reported a 32% increase in core profits to THB 6.8bn (£161m) for 2025, having experienced strong group-wide demand and improved financial discipline.
Core revenues at the Thai hotel group, which operates Nhow and Wolseley Hospitality brands, reached THB 133.2bn (£3.1m), while total group sales rose 4% to THB 166.1bn (£3.9m).
According to Minor Hotels, its operating performance remained stable despite renovation works at flagship properties, including Anantara Siam Bangkok Hotel, which limited available inventory.
Key metrics showed growth across the global portfolio of more than 640 properties, while occupancy rose by 1% point to 68%. The average daily rate increased by 3% and RevPAR grew 4%.
Europe and the Americas, which represent over half of the portfolio, acted as a primary earnings driver. The region delivered double-digit growth in profit contribution, supported by leisure demand and a recovery in corporate activity.
The group expanded its development pipeline during the year by signing 40 new hotel projects and opening or rebranding 23 properties. This expansion follows a shift toward an asset-light model involving management and franchise partnerships.
Parent company Minor International is progressing plans for a hotel real estate investment trust. The vehicle, targeted for a 2026 listing, is intended to enable capital recycling while maintaining long-term brand relationships.
Minor Hotels expects trading conditions to remain supportive throughout 2026. The group revealed that forward booking trends remain positive, and it expects to secure an additional 25 deals during the first quarter of the year.
Dillip Rajakarier, group chief executive of Minor International, said: “The quality of our growth is becoming as important as the pace of our growth. By expanding through management and franchise partnerships while retaining a disciplined ownership position, we are pursuing an asset-right approach that supports earnings resilience.
“Together with strong system-wide demand, this helped deliver a record year of profit in 2025 and positions us well for further growth in 2026.”
Minor Hotels has reported a 32% increase in core profits to THB 6.8bn (£161m) for 2025, having experienced strong group-wide demand and improved financial discipline.
Core revenues at the Thai hotel group, which operates Nhow and Wolseley Hospitality brands, reached THB 133.2bn (£3.1m), while total group sales rose 4% to THB 166.1bn (£3.9m).
According to Minor Hotels, its operating performance remained stable despite renovation works at flagship properties, including Anantara Siam Bangkok Hotel, which limited available inventory.
Key metrics showed growth across the global portfolio of more than 640 properties, while occupancy rose by 1% point to 68%. The average daily rate increased by 3% and RevPAR grew 4%.
Europe and the Americas, which represent over half of the portfolio, acted as a primary earnings driver. The region delivered double-digit growth in profit contribution, supported by leisure demand and a recovery in corporate activity.
The group expanded its development pipeline during the year by signing 40 new hotel projects and opening or rebranding 23 properties. This expansion follows a shift toward an asset-light model involving management and franchise partnerships.
Parent company Minor International is progressing plans for a hotel real estate investment trust. The vehicle, targeted for a 2026 listing, is intended to enable capital recycling while maintaining long-term brand relationships.
Minor Hotels expects trading conditions to remain supportive throughout 2026. The group revealed that forward booking trends remain positive, and it expects to secure an additional 25 deals during the first quarter of the year.
Dillip Rajakarier, group chief executive of Minor International, said: “The quality of our growth is becoming as important as the pace of our growth. By expanding through management and franchise partnerships while retaining a disciplined ownership position, we are pursuing an asset-right approach that supports earnings resilience.
“Together with strong system-wide demand, this helped deliver a record year of profit in 2025 and positions us well for further growth in 2026.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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