Hotel giant Minor forecasts ‘record year’

Minor International has more than 530 hotels and resorts worldwide including six luxury properties in the Maldives, among them the Per Aquum Huvafen Fushi resort. (Photo: Minor International)

Minor International Plc (MINT), one of Asia’s largest hotel operators, expects a record year for its hospitality business on pent-up travel demand and a recovery in Chinese tourists holidaying abroad.

Bookings across all of the Bangkok-based company’s markets, but especially Europe and Thailand, will remain high in 2023 after a strong recovery earlier this year, chairman Bill Heinecke said on Wednesday.