Showing 1 - 10 of 39
MINT Announces 74% Net Profit Growth In 1H24
Published on 06/08/2024
» Minor International Public Company Limited (MINT) announced net profit of THB 3,969 million for the first half of 2024, a 74% increase from the same period in 2023. This robust profit growth builds on last year’s high net profit base and reflects the strength of MINT’s business model as well as the continued resilience of the global travel industry. MINT’s core profit for 1H24 (profit after excluding extraordinary items) saw a solid 22% y-y growth for 1H24.
MINT Q1 Profits Surge to THB 1,146M
Published on 15/05/2024
» Minor International Public Company Limited (“MINT”) on May 14, 2024, announced its first quarter 2024 financial results, posting a net profit of THB 1,146 million in 1Q24 notwithstanding 1Q being the low season for its most significant contributor, its European hotel business. This profit represented a significant improvement from a THB 976 million loss in 1Q23 and was attributable to stronger performance across all business units as well as favourable foreign exchange movements. At the core level, MINT recorded a core net loss of THB 352 million in 1Q24 (due to aforementioned seasonality of the European hotel business), representing a 46% improvement (less loss) from a core net loss of THB 647 million in 1Q23. MINT’s hotel and restaurant businesses both reported robust financial performance in 1Q24 from continued rising demand, which enabled the Company to implement strategic dynamic pricing, drive increased dine-in traffic and lock in further cost optimisation. Minor Hotels Thailand, Minor Hotels Australia and Minor Food all saw double-digit year-on-year growth. Meanwhile, Minor Hotels Europe and the Americas outperformed expectations by narrowing their y-y quarterly losses.
Minor International Backs Government Efforts
Published on 22/03/2024
» Minor International (MINT)’s Chairperson, Mr. William Heinecke, and Group CEO, Mr. Dillip Rajakarier, recently held discussions with the Prime Minister of Thailand, H.E. Srettha Thavisin. During the meeting, MINT commended the Government for its pro-business and pro-tourism policies, including visa exemptions, tax reduction on alcohol beverage sales, as well as various measures aimed at attracting visitors from around the world to Thailand, such as Formula E racing and the expansion of international airports. MINT's Chairperson expressed confidence in the Government, stating that under the Prime Minister's administration, Thailand has the potential to become the world's number-one tourist destination within two years.
Marriott's 2024 Promo: Fast-Track Elite Status Globally
Published on 02/02/2024
» Marriott Bonvoy, the award-winning travel program by Marriott International, is reintroducing its globally acclaimed promotion. This offer rewards members with bonus points and Elite Night Credits for every night stayed. From February 13 to April 29, enrolled members will receive 1,000 bonus points and one bonus Elite Night Credit per night throughout the promotional period. Registration opens today and continues until April 15.
2023 CEO Of The Year - Hospitality & Leisure Industry
Published on 08/09/2023
» Minor International Public Company Limited (“MINT”) is pleased to announce that its Group CEO, Mr. Dillip Rajakarier, has been honored with the prestigious title of "2023 CEO of the Year - Hospitality & Leisure Industry" by European CEO, a renowned European subscription-based print and online publication. This award recognizes Mr. Rajakarier's exceptional leadership and unwavering dedication to the company's growth and success.
Mint's quarterly profit surges to record thb 3 billion on the back of continued strong travel rebound
Published on 11/08/2023
» Minor International Public Company Limited (MINT) announced on August 11 its financial results for the second quarter of 2023, reporting record core profit of THB 3.0 billion. This represented a 148% year-on-year increase from 2Q22 and was 52% above pre-COVID 2Q19. The results reflected continued global recovery momentum in both hotel and restaurant sectors post-COVID.
Marriott International Announces Executive Appointments in Asia Pacific
Published on 11/08/2023
» Marriott International (NASDAQ: MAR) announces new appointments to its Asia Pacific (excluding China) leadership team. These new appointments position the company for future growth in the region and tap into its leadership pool to better meet localised needs and support customers, associates, and owners.
Four Thai hotels among ‘world’s top 10’
Mongkol Bangprapa, Published on 05/07/2023
» Prime Minister Prayut Chan-o-cha has welcomed the news that four hotels in Thailand have received top-10 scores by La Liste, an authoritative French hotel and restaurant rating guide, a government spokesman says.
MINT Acquires Sizzler Trademark and Sets Ambitious Expansion Plan
Published on 28/06/2023
» MINT's acquisition of the Sizzler trademark paves the way for an expansive growth strategy into new countries, aiming to establish several hundred restaurants within the next five years, driven by a surge of inquiries from interested partners.
Eat out with Marriott bonvoy in Thailand-savor three months of delicious dining deals
Published on 25/04/2023
» Marriott Bonvoy is celebrating the timeless pleasures of good company and great gastronomy in Thailand with the launch of “Eat Out with Marriott Bonvoy,” a nationwide food festival that promises a series of rewarding dining discounts for Marriott Bonvoy members at 46 hotels and resorts all across the kingdom.