Thai hotels set sights on global growth

Local brands are expanding overseas again

Thai hospitality is globally recognised for its unique service standards, which have assisted many homegrown hotel companies in their international expansion over the past few decades.

As the hotel industry has started to see a promising recovery post-pandemic, Thai hotel management companies such as Minor International (MINT), Centara Hotels and Resorts, Dusit International and Onyx Hospitality Group have found ways to grow their portfolios again.

ANOTHER BIG MOVE

SET-listed MINT has an aggressive expansion plan, with 66 hotels in the pipeline.

The giant hospitality company currently has 529 hotels across 55 countries, of which 366 are owned, leased and joint-venture properties, while 163 are under management contracts.

Dillip Rajakarier, chief executive of MINT, said the company is…