financeHotel Business··1 min·For: Owner, Investor, GM, Revenue
Minor Hotels Core Profit Reaches $84M in Resilient Q2
Minor Hotels achieved a 2% YoY increase in Q2 core profit to $84.3 million, boosted by strong performance in Europe and the Americas despite Middle East disruptions. The group signed 20 new management agreements in Q2, accelerating its asset-right strategy.
Key Takeaways
- 1Q2 core revenue rose 1% YoY to $1.08 billion, with EBITDA increasing 2% to $220 million.
- 2Europe and the Americas led growth with 5% RevPAR expansion, offsetting Middle East weakness.
- 320 new property agreements were signed in Q2, keeping the group on track to exceed 40 signings in 2026.
Source: Hotel Business
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