Minor International In the first quarter 2025, the company posted its first profit for the period after acquiring NH Hotel Group In 2018,
The Maldives performed well, despite the slowdown in Thailand’s growth and continuing losses in Europe.
The stronger Thai Baht impacted the core business of Minor by 3%. The company claimed that revenue would have risen 4% if currency effects were not present. Core EBITDA grew 1%.
Minor Hotels has over 560 hotels in six continents. They operate under eight brands, including Anantara Avani Elewana NH Collection nhow Oaks Tivoli.
1. Maldives is the leading destination for luxury goods in the third quarterThe Maldives had the highest revenue per available hotel room [RevPAR] The rate of growth is 18%.
Minor International CFO reported that “the average occupancy rate increased significantly to 68% compared to 49% for the same period last year thanks to effective marketing initiatives focused on experiences that attracted guests to our properties.” Chaiyapat Paitoon Earnings releases are usually published by companies.
Revenues from the island destination were up 5% on a year-over-year basis.
2. Europe has improved but is still a dragMinor’s European Hotels reported a loss for the quarter despite an 8% increase in RevPAR.
Minor attributed the losses to seasonal factors. He noted that many European properties operated below breakeven during the first quarter.
As part of the company’s asset-light strategy, NH Collection Alagna Mirtillo Rosso was opened in Italy.
3. Thailand’s growth rate has slowed sharply since last year: Thailand postEd RevPAR growth of 10% year-over-year in Q1 2025, a drop from the 25% surge recorded in the same quarter a year earlier.
Despite the slowdown in RevPAR growth, hotel revenue in Thailand increased by 6%.
The revenue growth came even as Minor’s equity-owned room count in the country fell 6% year-over-year, and rate increases helped offset foreign exchange pressure and a tough year-over-year comparison.
The company also opened NH Bangkok Asoke NH Asia has continued its expansion of the brand with a major conversion project during this quarter.
4. Australia affected by cyclone, softer demand Minor’s Management Letting Rights Portfolio in Australia and New Zealand experienced a 6% decline in RevPAR. This was due to the Cyclone Alfred, and the high comparison base from last year’s 1st quarter.
The company has opened two new Oaks branded properties in Geelong.
5. New openings bring in higher management fees Minor grew its management revenue with the addition of five new hotels during the quarter in Italy.
Management fee income increased 16% over the past year to just below THB 800 millions, representing 3% of revenue from hotels and mixed-use.
6. Q2 has started off on a steady note: The company reported that April RevPAR continues to be positive.
Paitoon reported that “revenue per available room (RevPAR) has grown in April in our key markets, including Europe (low single digit growth), Thailand and the Maldives.
Minor International CEO Dillip Raakarier There will be a live performance at Skift Asia Forum This week in Bangkok
