• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Monday, May 22, 2023
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2022
      • Conference 2020
    • Leaders in Hospitality Awards
      • Qatar Awards 2023
      • Awards 2023
      • KSA Awards 2023
      • Awards 2022
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2022
      • Awards 2021
      • Awards 2019
    • F&B Leaders Conference
    • The Big Night Life Awards
    • Executive Housekeepers Conference
  • Powerlist
    • F&B ALL-STARS 30
    • Hospitality Heavyweights 30
  • About
  • Contact
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2022
      • Conference 2020
    • Leaders in Hospitality Awards
      • Qatar Awards 2023
      • Awards 2023
      • KSA Awards 2023
      • Awards 2022
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2022
      • Awards 2021
      • Awards 2019
    • F&B Leaders Conference
    • The Big Night Life Awards
    • Executive Housekeepers Conference
  • Powerlist
    • F&B ALL-STARS 30
    • Hospitality Heavyweights 30
  • About
  • Contact
No Result
View All Result
Hotel News ME
No Result
View All Result
Home Editors Pick

Minor Hotels reports profit increase of 73% in first half of 2016

Sophia Soltani by Sophia Soltani
August 22, 2016
in Editors Pick, News
A A

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.

Avani, Dubai
Avani, Dubai

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.

Tags: Al Baleed Resort Salalah AnantaraAnantara Al JabalAnantara HotelsAnantara hotels and resortsAVANIAvani DubaiAvani hotelsAVANI Hotels and ResortsDubaiGCCGCC hospitality industryhospitalityhospitality industryhotel industryHotel NewsHotel News MEHotelsMEAmiddle eastMinorMinor HotelMinor Hotel GroupMinor Hotelsnew hotelsnewsTivoli HotelsTivoli Hotels and ResortsuaeUAE hotels

Related Posts

THE CAKE BOUTIQUE INTRODUCES EXQUISITE AND DELECTABLE “PETIT” CAKES IN 8 SIGNATURE FLAVOURS
F&B

THE CAKE BOUTIQUE INTRODUCES EXQUISITE AND DELECTABLE “PETIT” CAKES IN 8 SIGNATURE FLAVOURS

May 22, 2023
UNCOVER AN UNPARALLELED DINING EXPERIENCE AT CÉ LA VI DUBAI
Alcohol

UNCOVER AN UNPARALLELED DINING EXPERIENCE AT CÉ LA VI DUBAI

May 22, 2023
HARUN DURSUN APPOINTED MANAGING DIRECTOR OF JUMEIRAH MARSA AL ARAB
Appointments

HARUN DURSUN APPOINTED MANAGING DIRECTOR OF JUMEIRAH MARSA AL ARAB

May 22, 2023

Trending

THE CROSSING DUBAI APPOINTS MICHELIN STAR CHEF JITIN JOSHI AS A CULINARY DIRECTOR
Appointments

THE CROSSING DUBAI APPOINTS MICHELIN STAR CHEF JITIN JOSHI AS A CULINARY DIRECTOR

by HCNME Digital Editor
May 22, 2023

Read more
THE ONLY RAINFOREST CAMPING EXPERIENCE IN THE MIDDLE EAST RETURNS TO THE GREEN PLANET
Hospitality Insights

THE ONLY RAINFOREST CAMPING EXPERIENCE IN THE MIDDLE EAST RETURNS TO THE GREEN PLANET

by HCNME Digital Editor
May 22, 2023

Read more
OSSIANO’S CELEBRATED CHEF GRÉGOIRE BERGER COLLABORATES WITH  ERIC VILDGAARD OF THE TWO MICHELIN-STARRED JORDNÆR FOR AN UNFORGETTABLE DINING EXPERIENCE
Alcohol

OSSIANO’S CELEBRATED CHEF GRÉGOIRE BERGER COLLABORATES WITH ERIC VILDGAARD OF THE TWO MICHELIN-STARRED JORDNÆR FOR AN UNFORGETTABLE DINING EXPERIENCE

by HCNME Digital Editor
May 22, 2023

Read more

Digital Magazine

Hotel News ME

Copyright © 2022
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2022
      • Conference 2020
    • Leaders in Hospitality Awards
      • Qatar Awards 2023
      • Awards 2023
      • KSA Awards 2023
      • Awards 2022
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2022
      • Awards 2021
      • Awards 2019
    • F&B Leaders Conference
    • The Big Night Life Awards
    • Executive Housekeepers Conference
  • Powerlist
    • F&B ALL-STARS 30
    • Hospitality Heavyweights 30
  • About
  • Contact

Copyright © 2022
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In