CEO says high room rates helping to offset rising labour and interest rate costs
Minor International has six luxury properties in the Maldives including the Per Aquum Huvafen Fushi resort. (Photo: Minor International)
Minor International Plc, the country’s largest hospitality company, is targeting revenue growth of at least 20% this year, its chief executive says, banking on a strategy of higher room rates and the return of Chinese tourists.
“Let’s not go for occupancy because flight capacity was limited. Let’s go for rates,” Dillip Rajakarier said at a news conference on Thursday, referring to the company’s preferred strategy last year.
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