Minor Hotels to reach 600 properties amid optimistic tourism outlook

Minor Hotels is set to expand its portfolio to 600 properties across 59 countries, with over 91,000 rooms this year, as the global tourism industry shows signs of recovery following the easing of Covid-19 infections.

Dillip Rajakarier, Group Chief Executive of Minor International Plc and Chief Executive of Minor Hotels, believes that pent-up demand will drive the industry for years, allowing the company to grow through its “Asset Right” strategy, which balances investments or leased projects with management contracts.

Currently, the company operates over 530 hotels with 78,226 rooms in 56 countries under eight brands. Among the 65 new hotels in the pipeline, 58 will be under management contracts.

Rajakarier noted that owned and leased hotels have contributed more to earnings and profits than hotels under…