Minor Hotels Reports Higher ADR and RevPAR in Q1 2026

Minor Hotels reported growth across several operating indicators during the first quarter of 2026, supported by continued demand for premium travel and rate growth across its global portfolio.

The group recorded a 7 per cent year-on-year increase in average daily rate (ADR), while revenue per available room (RevPAR) rose 6 per cent. Occupancy remained stable at 64 per cent across the portfolio during what is typically a softer trading quarter in Europe.

Minor Hotels said performance was supported by demand across its premium and luxury brands, with travellers continuing to prioritise branded and experience-led stays.

The Maldives, where the group operates nine resorts, recorded ADR growth of 12 per cent year-on-year and RevPAR growth of 11 per cent. In Thailand, both ADR and RevPAR increased 10 per cent year-on-year, while Anantara-branded properties in the country reported RevPAR growth of 23 per cent.

The Europe and Americas region also posted ADR growth of 6 per cent and RevPAR growth of 7 per cent during the quarter.

In the Middle East and Africa, occupancy declined by seven percentage points year-on-year due to the impact of regional conflict, while other regions remained broadly stable.

Minor Hotels reported system-wide core revenue of THB 30.4 billion for Q1 2026, representing a 6 per cent year-on-year increase. Core EBITDA rose 1 per cent compared to the same period last year.

Total system sales increased 4 per cent year-on-year, or 3 per cent on a like-for-like basis.

The group posted a core loss of THB 631 million during the quarter, mainly due to renovation works at properties, including Anantara Siam Bangkok Hotel, and unrealised foreign exchange impacts.

During the quarter, Minor Hotels opened four managed properties with a combined 589 keys across Thailand, Oman, Croatia and Slovenia as part of its asset-light expansion strategy.

The company also signed new projects in markets including the United States, Thailand, India and Tanzania, while expanding further in Australia, the United Kingdom, Brazil, Ghana and Italy.

Minor Hotels additionally introduced four new brands during the quarter: The Wolseley Hotels, Minor Reserve Collection, Colbert Collection and iStay.

The group said it is continuing development of a global data and AI platform in partnership with Salesforce, Google Cloud, OneTrust and Deloitte, with deployment planned for 2026.

Dillip Rajakarier, Group CEO of Minor International, said the company remains focused on long-term growth through brand expansion, digital capabilities and asset-light development.

Minor Hotels added that booking trends remain stable across several key regions despite ongoing geopolitical and macroeconomic challenges.

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