International Hotel Strategy
Minor Hotels posted a recurring profit of €73 million in the second quarter of 2026, a 2% increase, driven by strong performance in Europe and the Americas. The hotel group is accelerating its international expansion with the signing of 20 new management contracts, reinforcing its asset-rights growth strategy.
The strength of Europe and America compensates for the instability in the Middle East.
The global hotel group Minor Hotels has presented stable results for the second quarter of 2026, reaching a recurring profit of 2.800 billion Thai baht (approximately 73 million euros)This represents a 2% increase compared to the same period last year. This growth has been supported by the robust performance of its operations in Europe and the Americaswhich has managed to counteract the impact of the instability recorded in the region of Oriente Medio.
The company's recurring revenue also saw a 1% year-on-year increase, reaching 35.800 billion Thai baht (approximately €931 million). Meanwhile, rigorous cost management boosted EBITDA by 2% to 7.500 billion baht (€195 million). Globally, revenue per available room (RevPAR) remained stable, with a 1% increase in average daily rate (ADR) offsetting a slight decrease of one percentage point in occupancy, to 68%.
The regions of Europe and the Americas They consolidated themselves as the main engine of growth for Minor Hotels during the quarter, with a 5% increase in RevPARThis performance was driven especially by the strong performance of key markets such as Spain, Central Europe and ItalyIn contrast, operations in Asia, Océano Índico, Australasia, Oriente Medio y África They showed a more moderate evolution, although Asia It showed areas of strength, such as luxury hotels in Tailandia, whose RevPAR grew 7% year-on-year.
In the first half of 2026, the group's pricing discipline drove 3% growth in portfolio RevPAR. Recurring revenue for the first half of the year increased by 3% to 66.200 billion baht (€1.721 billion), although recurring profit declined by 4% to 2.200 billion baht (€57 million) due to the impact of store renovations and currency exchange effects.
| Financial Indicator | Period | Value (THB) | Year-on-year variation |
|---|---|---|---|
| Recurring Benefit | Q2 2026 | 2.800 million | + 2 % |
| Recurring Income | Q2 2026 | 35.800 million | + 1 % |
| EBIT | Q2 2026 | 7.500 million | + 2 % |
| Recurring Income | H1 2026 | 66.200 million | + 3 % |
Accelerated expansion under the 'asset-right' strategy
Minor Hotels has intensified its development activity, signing 20 new hotel management contracts in the second quarterThis figure brings the total for the first half of the year to 29 properties and 2.165 rooms, putting the company on solid footing to surpass its record of 40 brands achieved in 2025. This progress reflects the growing interest of hotel asset owners in the group's brands and operating platforms.
Among the most prominent firms is the project Anantara Miami Resort & Residenceswhich will mark the brand's debut in Estados Unidosthree properties Anantara in the Indiaand the entrance of Minor Hotels en TurquíaIn addition, the group announced The Wolseley Hotel New York, first establishment under the brand The Wolseley Hotels, and the signature of Avani Kyoto to reinforce its presence in JapónThese agreements strengthen their management and franchise business model, in line with their strategy “asset-right”, which seeks a balance between owned, rented and managed hotels.
During the semester, the group opened 11 new hotels and repositioned strategic assets such as the Porta Rossa Hotel Firenzewhich becomes the first hotel of its new soft brand Colbert Collection, as well as the Tivoli President Milano en ItaliaThe company also announced the evolution of Anantara Vacation Club a Minor Vacation Club, expanding its vacation ownership business.
A diversified portfolio as the key to disciplined growth
Dillip Rajakarier, CEO of Minor International, array of Minor Hotels, has assessed the results: "This has been a solid quarter in a challenging environment and demonstrates the value of having a diversified portfolioOur teams maintained strict discipline in matters of tariffs and costs"This allowed us to continue increasing profits despite the uneven performance of the different markets."
Looking ahead to the second half of 2026, Rajakarier It anticipates that "demand is likely to remain uneven," but the company will continue to monitor bookings to adapt to changing conditions. Geographic diversification and the momentum of its development activity provide a competitive advantage. Minor Hotels a solid foundation to maintain its pricing strategy and operational efficiency.
Continuous newsroom for Empresa Exterior. A team specializing in real-time monitoring and writing up-to-the-minute daily news on international markets, ensuring constant updates on B2B developments.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
International business service providers
BANK
ABANCA positions itself as a key financial institution for the business sector, offering… read more…
Cajamar
Cajamar Caja Rural, an entity belonging to the Cajamar Cooperative Group, positions itself as a provider… read more…
Banco Santander
Banco Santander positions itself as a strategic partner for companies seeking… read more…