Minor Hotels, a leading international hotel owner, operator and investor, has reported record-high third-quarter profit of THB 1.7 billion, on the back of strong leisure and business demand in Europe and continued recovery in Thailand. The growth reflected operational revival across all of Minor’s business models, robust global travel demand and successful sales and pricing strategy. The rise in international arrivals to Thailand, combined with Minor Hotels’ strategy to penetrate further into non-traditional feeder markets, drove average occupancy and room rates. “Minor Hotels has continued its strong post-COVID momentum to achieve its highest-ever third quarter core net profits. This is a trend we expect will continue, as Minor Hotels stands to benefit from the strengthening global tourism industry, strong forward bookings, and increased travel activities,” said Dillip Rajakarier, CEO of Minor Hotels and Group CEO of Minor International.
Source: Ethiopian News November 21, 2023 12:57 UTC