“Minor Hotels CEO Plans Ambitious Expansion to Fill Portfolio Gaps through Mergers, Acquisitions, and Owner-Centric Approach”

Minor International, the 10th largest hotel group in the world, is planning to expand its portfolio by about a third by 2026. The Bangkok-based company currently operates 540 hotels and aims to add over 200 more in different locations, with a particular focus on India and Northern Europe.

The company’s CEO, Dillip Rajakarier, explained that Minor International’s growth strategy involves introducing its European brands, such as NH Hotels, into Asia. The company acquired NH Hotels, a Dutch brand, in 2018 for $2.9 billion and has since expanded it into the Asia Pacific region and the Middle East.

In recent years, Minor Hotels has been shifting its focus towards upscale and luxury brands. This strategy seems to be paying off, as its luxury properties recently won 22 awards at the Travel + Leisure Luxury Awards Asia Pacific 2024.

Rajakarier also revealed that Minor Hotels is open to acquisitions that align with its strategic goals. The company is particularly interested in expanding its presence in India and the U.S., where it currently has a limited portfolio.

Minor Hotels stands out in the market by offering a holistic solution to owners and managing all aspects of operations, including food and beverage, wellness, and residential services. The company also prides itself on its ability to handle medical and wellness tourism. This month, it announced Layan Life by Anantara, a new concept blending modern medical technologies with ancient Thai healing traditions.

Rajakarier concluded by stating that the company’s goal is to be the most profitable hotel brand in the world while providing the best guest experience.

Source: finance.yahoo.com

Leave a Comment