Hilton has been on a streak of acquiring hotel brands this year after going 16 years without buying any. Yet its commercial chief said that the hotel group hadn’t shifted from its decade-long corporate strategy.
Minor Hotels Aims to Expand Portfolio by a Third by 2027
20.05.2024 - 23:51 / skift.com / Sean Oneill
Minor Hotels reported first-quarter results, reaffirming its plans to add 200 hotels worldwide by the end of 2026 — a 36% increase in its portfolio.
The Thai-based group includes brands like NH Hotels and Anantara, and it generates a majority of the revenue for its parent company, Minor International. The group’s growth plans would add over 30,000 rooms to its existing inventory of 80,000.
Here are highlights from Minor’s earnings report and management discussion.
Minor Hotels has an aggressive growth strategy to expand by 2025. Details about the company’s strategy reveal a lot about bigger-picture trends in the hotel sector.
What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
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