Minor Hotels reported a solid third‑quarter performance for 2025, delivering a core profit of THB 1.85 billion (approximately USD 57 million), which represents a 7 % increase compared with the same period last year.
Core revenue for the quarter amounted to THB 33.5 billion, a slight 2 % decline YoY, mainly due to ongoing capital investment in flagship luxury assets such as Anantara Siam Bangkok, Anantara Hua Hin, and the Anantara Golden Triangle Elephant Camp & Resort.
While occupancy in Thailand fell by four percentage points, the Maldives posted a 5‑point gain and European markets remained stable, helping to offset the regional softness.
Operational efficiency continued to improve: financing costs were cut by 18 % and operating expenses fell another 4 % quarter‑on‑quarter.
System‑wide occupancy rose to 70 % (up 1 pp) and RevPAR increased by 3 % YoY, driven by strong growth in the Maldives (+23 %), Australia & New Zealand (+6 %) and modest gains in Europe and the Americas (+2 %). Average daily rate grew 1 % overall, with notable increases in Asia & the Indian Ocean (+10 %) and the Middle East & Africa (+5 %).
“Despite challenging global conditions, Minor Hotels has delivered robust profit growth through disciplined cost control and prudent financial management,” said Dillip Rajakarier, Group CEO of Minor International. “Our diversified portfolio and asset‑right strategy continue to underpin resilience and margin expansion.”
For the first nine months of 2025, the group generated a core profit of THB 4.1 billion, up 32 % YoY, while core revenue fell 3 % to THB 97.6 billion and EBITDA remained flat. Occupancy for the period improved to 68 % (up 1 pp); Thailand saw a 5‑point decline, offset by gains in Europe (+2 pp) and the Maldives (+11 pp). RevPAR grew 3 % YoY, led by the Maldives (+13 %), the Middle East & Africa (+5 %) and Europe (+4 %).
Looking forward, Minor Hotels will keep concentrating on margin improvement, portfolio optimisation and strategic investments to sustain long‑term growth.
Source: media.minorhotels.com
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