Minor Hotels has announced an impressive 7% increase in profitability for the third quarter of 2025, marking a significant milestone for the international hospitality group. Despite a modest 2% dip in overall revenue, the company achieved THB 1.85 billion in profit—demonstrating strong financial discipline, strategic investments, and the resilience of its global portfolio. This performance reflects a broader tourism rebound in key destinations, including the Maldives, Europe, and Australia, which helped balance softer results in certain Asian markets.
As part of Minor International, Minor Hotels operates several high-end hotel brands known for their strong presence across Asia, the Middle East, Europe, and the Indian Ocean. Its continued success underscores not only the recovery of the global travel sector but also the company’s ability to adapt strategically in a rapidly changing hospitality landscape.
Strategic Property Upgrades Strengthen Long-Term Value
One of the driving forces behind Minor Hotels’ sustained performance is its commitment to upgrading and modernising several of its flagship luxury properties. Key renovations across Thailand—including Anantara Siam Bangkok Hotel, Anantara Hua Hin Resort, and Anantara Golden Triangle Elephant Camp & Resort—have been part of a long-term plan to enhance guest experiences and maintain the brand’s leadership in luxury hospitality.
These renovations have temporarily impacted occupancy, particularly in Thailand where rates declined by four percentage points during the quarter. However, Minor Hotels emphasises that such investments are essential to preserving long-term competitiveness. By ensuring that its premium properties remain among the finest in the region, the company is setting the stage for stronger revenue growth once the upgrades are fully completed.
Despite short-term softness in Thailand, the overall impact on global profit has been minimal, further demonstrating the effectiveness of the company’s diversified approach.
Maldives Performance Leads Global Growth
The Maldives emerged as one of Minor Hotels’ strongest performers in 2025, driven by a surge in international arrivals and growing demand for luxury island resorts. The company recorded a five-percentage-point increase in occupancy and an impressive 23% rise in revenue per available room (RevPAR).
The Maldives’ continued popularity among long-haul travellers, especially from Europe, the Middle East, and Asia, has been a powerful contributor to Minor Hotels’ success. Carefully curated packages, sustainability initiatives, and strong brand presence through the Anantara and Naladhu brands helped attract high-spending tourists seeking premium island escapes.
With tourism ministries in the region reporting steady visitor growth throughout the year, the Maldives is expected to remain a key revenue driver for Minor Hotels moving into 2026.
Steady Growth in Europe and the Pacific Region
Minor Hotels’ European portfolio also demonstrated resilience, registering a 2% increase in RevPAR. Destinations across Portugal, Spain, and Italy saw steady demand, supported by a strong summer travel season and a rebound in international events.
Australia and New Zealand also delivered promising results, with a 6% rise in RevPAR. Domestic travel in the region remains robust, and international visitor numbers continue to climb as global connectivity strengthens. These markets have helped balance weaker demand in parts of Asia, demonstrating the strategic benefit of Minor Hotels’ geographic diversity.
Regions such as the Middle East, Africa, and India also contributed steady performance, further strengthening the company’s global footprint.
Cost Efficiency Enhances Profitability
Minor Hotels’ strong Q3 profitability is closely tied to its disciplined approach to cost management. The company successfully reduced operating expenses by 4% and achieved an 18% reduction in financing costs. These measures, combined with efficiency improvements in technology, staff optimization, and procurement strategies, helped sustain profitability despite revenue pressure in selected markets.
By focusing on cost structure improvements, Minor Hotels has positioned itself to maintain financial stability even during periods of fluctuating demand—a strategy that mirrors broader industry trends emphasising efficiency and resilience.
Nine-Month Performance Reflects Strong Momentum
During the first nine months of 2025, Minor Hotels recorded THB 4.1 billion in core profits, representing a robust 32% year-on-year increase. This growth comes even as total revenue dropped slightly to THB 97.6 billion due to the temporary impact of renovations and softer demand in parts of Asia.
Globally, occupancy rose by one percentage point to 68%, driven by strong markets such as the Maldives, Europe, and Australia. RevPAR growth—including a 13% increase in the Maldives and a 4% increase in Europe—played a crucial role in offsetting regional declines.
What This Means for Global Travellers
For travellers, Minor Hotels’ performance highlights the continued evolution of luxury and premium travel options worldwide. Guests can expect enhanced room experiences, upgraded facilities, and expanded wellness and dining options at several refurbished properties.
In high-demand destinations such as the Maldives, Europe, and Australia, travellers will benefit from improved infrastructure and renewed focus on premium guest experiences. Thailand, too, is expected to see a revitalised tourism landscape as upgraded properties reopen with world-class amenities.
A Strong Example for the Global Hospitality Industry
Minor Hotels’ Q3 performance offers valuable insights for the hospitality sector. Strategic investments, a geographically diverse portfolio, sharp cost management, and a commitment to property enhancement have proven essential for navigating modern challenges in tourism.
As global travel continues to rebound, Minor Hotels is well-positioned to benefit from rising demand, with its multi-regional footprint providing both stability and strong growth potential.
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