Minor International, a major hotel group with 540 properties, plans to expand its portfolio by adding 200 more hotels by 2026. The CEO of Minor Hotels, Dillip Rajakarier, shared the company’s strategy of expanding into new geographies, particularly in India and Northern Europe. Minor has been focusing on bringing European brands like NH Hotels into Asia and other regions, with plans to expand into upscale and luxury markets.
Minor Hotels is open to mergers and acquisitions that align with its strategic goals. The company is looking to fill gaps in its portfolio, particularly in India and the U.S. While there were rumors of Minor considering acquiring Lemon Tree Hotels in India, the CEO mentioned that they are exploring various options and discussing expansion plans with owners in different geographies. The company focuses on growing in a balanced way, not leaning towards being asset-light or asset-heavy, but instead being asset-right.
Minor Hotels emphasizes an owner-centric approach, aiming to create value for owners rather than just collecting fees. The company works closely with owners, providing holistic solutions and managing all aspects of operations, including food and beverage, wellness, and residential services. Minor Hotels stands out by focusing on top-line growth and quality earnings, avoiding cost-cutting that would compromise the guest experience. The company is particularly skilled in medical and wellness tourism, launching new concepts that blend modern medical technologies with ancient healing traditions.
The accommodations sector stock index performance year-to-date shows the performance of hotels and short-term rental sector stocks within the ST200. The index includes publicly traded companies across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares. The Skift Travel 200 combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number, providing insight into the financial sector performance of hotels and short-term rentals.
