Hotel owner, operator and investor, Minor Hotels has reported a net profit increase of 73% in H1, 2016.
The hotel group, currently boasts a portfolio of 151 hotels and resorts in 22 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean.
Excluding the non-recurring revaluation contributions of the acquisition of Tivoli Hotels and Resorts in Q1 2016 and Sun International hotels portfolio acquisition in Q1 2015, Minor Hotels H1, 2016 net profit rose by 8% year-on-year.
In 2016, Anantara Hotels, Resorts and Spas is celebrating its 15th anniversary. With Thailand as the brand’s established home base, Anantara today has successfully grown its footprint internationally across Asia, the Middle East, Africa and the Indian Ocean and for the second year in a row, Anantara has been ranked #6 out of 37 in ReviewPro’s list of large luxury brands with the highest level of guest satisfaction globally. Organic revenue per available room (RevPar) of owned Anantara hotels in Thailand (excluding new hotels) increased by 6%, led by hotels in tourist destinations including Phuket, Koh Samui, Chiang Mai and Chiang Rai.
AVANI Hotels and Resorts, the group’s contemporary upscale brand, is experiencing new success with the group having secured management contracts in Khon Kaen, Thailand and Dubai, UAE under the brand. The contribution from management fees of these two rebranded hotels will commence in H2, 2016. In addition the first new build AVANI property has recently opened in Thailand – the 249-room AVANI Riverside Bangkok Hotel. The 26-storey property will be fully operational in the second half of 2016 with facilities including meeting space and a rooftop bar and restaurant.