DOCSLIB.ORG

Company Profile – YE20

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Company Profile – YE20 Company Profile – YE20 MINT – Vision To be a leader in delivering exceptional experiences that anticipate and satisfy customers’ aspirations and positively impact stakeholders People Customer-Focused Results-Oriented Innovative Partnership Development 2 MINT – Key Milestones Acquired 2015 Increased 7 hotels 2010-11 investment in Invested in 100% stake Increased Increased investment in investment in 69.2% stake 31% stake Increased Launched investment in 70% stake Launched Acquired additional stake Launched 2016 2000-01 Acquired from 100% stake in hotels in Africa Launched Acquired Invested in Remaining 7 hotels & brand 2012-13 49% stake Acquired 2003 M&A of RGR and 2017 MFG to become Invested in 74% stake Acquired the 1978 Founded 11% stake 2020 operating company to operate high-end Acquired properties in Europe Invested in Acquired 2018 94% stake 1978 Founded 2008 50% stake 2014 in Australia previously under the Increased Boscolo portfolio Invested in JV with investment in 70% stake Rights offering To invest in African 100% stake issuance 1982 Founded Invested in Assets Acquired 50% stake THB 10 billion Invested 49% stake in 75% stake RGR, MFG and Completed group business hotel & mixed-use Increased investment 1988-89 Invested in 2009 restructuring; project in Maputo, 2019 in MINOR listed on In Thailand 25% stake Delisted Mozambique Early Late 1970s-90s 2000s 2020s 2010s 2010s 3 MINT – Today 2020 REVENUE CONTRIBUTION MINOR HOTELS MINOR FOOD Minor Lifestyle Hotel Casual Dining Restaurants 6% Minor Food • Equity-Owned & Leased • Equity-Owned 36% • Hotel and Serviced Suites • Franchised Management Manufacturing THB 58,118 • Spa • Cheese & Ice-cream million Mixed-Use • Ice-cream Ingredients • Plaza & Entertainment and Toppings Minor Hotels • Residential Development • Coffee Roasting 58% • Point-Based Vacation Club *Core operations, excluding non-recurring items Shared Services 4 MINT – Footprint MINT today has a global presence with 532 hotels and serviced suites, 2,370 restaurant outlets and 459 retail points of sale in 63 countries. TheTHEAmericas AMERICAS EuropeEUROPE Asia ASIAPacific PACIFIC Canada Andorra Australia USA Austria Cambodia Argentina Belgium China Brazil Czech Republic India Chile France Indonesia Colombia Germany South Korea Cuba Ecuador Hungary Laos Haiti Italy Malaysia Mexico Ireland Maldives Uruguay Luxemburg Myanmar Netherlands New Zealand Poland Pakistan Africa AFRICA Portugal Singapore Botswana Romania Sri Lanka Kenya Slovakia Thailand Lesotho Spain Vietnam Thailand Mozambique Switzerland 37% Namibia UK Seychelles Middle East MIDDLE EAST 2020 Tanzania REVENUE Tunisia Bahrain Oman CONTRIBUTION Egypt Saudi Arabia Qatar Zambia Kuwait UAE Overseas Mauritius Lebanon 63% Minor Hotels Minor Food Minor Lifestyle 5 The leading hospitality partner maximizing shareholder value Minor Hotels Hotel Portfolio – 532 Properties; 75,638 Rooms Minor Hotels has a very diversified portfolio, in terms of brands, ownership structure and geography. Over 90% of the rooms today are under Minor Hotels’ own brands. Owned & leased hotel portfolio is the main driver, while management letting rights (MLR) business model provides stable growth, and management contracts and mixed-use business help with the overall profitability. Europe is the major contributor in terms of geography. SYSTEM-WIDE ROOM CONTRIBUTION SYSTEM-WIDE ROOM CONTRIBUTION SYSTEM-WIDE ROOM CONTRIBUTION By Brand By Ownership By Geography Others MLR Middle East & Asia 3% 8% 9% Africa 7% 10% 9% Owned 7% Oceania 9% 2% Managed 25% 4% 17% 75,638 75,638 Americas 11% 75,638 18% rooms JV 2% Rooms Rooms Leased Europe 48% 47% 63% 2020 REVENUE CONTRIBUTION 2020 REVENUE CONTRIBUTION 2020 REVENUE CONTRIBUTION By Brand By Business By Geography Others 10% Mixed-use Others Thailand 8% 7% 3% MLR Maldives & 9% 13% 5% 12% Middle East 3% 13% Managed Australia & New 3% Zealand 12% Americas 5% Owned & Europe 61% Leased 58% 78% 7 Anantara – Life is a Journey A luxury hospitality brand for modern travelers, connecting them to genuine places, people and stories through personal experiences, and providing heartfelt hospitality in the world’s most exciting destinations. 8 Contemporary Accommodation for All Occasions A unique blend of city hotels in central locations and resort-style accommodation in tourist destinations. For both short and longer stays, families and groups enjoy friendly service, superior accommodation and Avani hotels are perfecting quality onsite leisure facilities. the balance between work and play, design and function, service and privacy, laid-back and lavish. Our city and resort destinations pulse with life, emanating from our buzzy social spaces and extending throughout the hotels. 9 NH Hotel Group – A Leading European Hospitality NH Collection showcases captivating hotels housed in authentic NH Hotels offers trustworthy experiences based on three main and unique landmark buildings in key cities of Europe and Latin pillars: value for money, the best location to connect with the America. city, and service with a human touch. Hotels that are unconventional and cosmopolitan, each with a unique personality in major international cities. 1010 Boutique Hotel Brands with Unique Luxury Experience Encompassing a diverse hotel portfolio with unique personalities and facilities, Tivoli combines local teams, convenient services and unique experiences to reveal the authenticity of each destination, be it a multicultural thriving city or leading beach paradise. Each of the camps, lodges and hotels offers unique accommodations of exceptional comfort. Their iconic locations provide any discerning world-traveller one of the most rewarding experiences they could wish for; close to all the drama and spectacle of African wildlife. 11 Rapid Expansion of Hotel Portfolio Over the past five years up to 2019, the number of hotels more than quadrupled, while revenue increased by over 5 times. Minor Hotels expanded its portfolio through both organic expansion and acquisitions, increasing both in terms of brand portfolio and geographies. However, 2020 was an unusually challenging year with the COVID-19 outbreak. TSS THB 108 billion Revenue THB 88 billion TSS THB 42 billion TSS THB 30 billion Revenue THB 15 billion Revenue THB 34 billion 2014 2019 2020 32 42 46 12 32 33 51 59 63 8 16 16 16 16 354 342 Others 16 16 16 Total No of Hotels 119 535 532 No of Countries 22 57 55 12 Mixed-use Business Residential Property Anantara Vacation Club Plaza & Entertainment Development 13 Ensuring Pipeline to Accommodate Growth Minor Hotels continues to build the pipeline of both residential development and Anantara Vacation Club, in order to ensure sufficient inventory to accommodate future sales. Layan Anantara Anantara Anantara St. Regis Avadina Hills The Estates Residences Torres Rani, Chiang Mai Desaru Ubud Silom Office, Residences by Anantara, Samui by Anantara, Maputo Serviced Residences, Residences, Bangkok Residential Development Residential Bangkok Phuket Suites Phuket Malaysia Indonesia 2006 2010 2011 2012 2013 2015 2016 2018 2020 2021 2023 Launched Launched Launched Launched 3 AVC 2 AVC 1 AVC 1 AVC Destinations Destinations Destination Destination Samui, Phuket, Bali, Bangkok Sanya Chiang Mai Queenstown Vacation Club Vacation Anantara 14 Minor Hotels – Financial Performance THB million 94,189 50,577 Revenue 27,758 30,970 33,846 18,803 11,947 7,146 7,685 EBITDA -11,077 EBITDA Margin 25.7% 24.8% 23.6% 20.0% NM 2,811 3,375 4,077 5,783 NPAT -18,739 Net Margin 10.1% 10.9% 8.1% 6.1% NM 2016 2017 2018 2019 2020 Note: Core operations, excluding non-recurring items and excluding the impact of TFRS16 (in 2020) 15 To be a leading food operator maximizing stakeholders’ value Minor Food Restaurant Portfolio – 2,370 Outlets Minor Food’s restaurant portfolio is well-diversified, both in terms of brands and ownership. Its business is primarily in Thailand, with China as a potential growth driver and Australia as the hub with stable operations. SYSTEM-WIDE OUTLET CONTRIBUTION SYSTEM-WIDE OUTLET CONTRIBUTION SYSTEM-WIDE OUTLET CONTRIBUTION By Brand By Ownership By Hub Others Others 1% 3% China 5% 6% 3% Franchised 5% 24% 50% 19% Australia 2,370 2,370 15% 2,370 outlets Outlets Outlets 4% 14% Owned Thailand 5% 3% 50% 74% 21% 2020 REVENUE CONTRIBUTION 2020 REVENUE CONTRIBUTION 2020 REVENUE CONTRIBUTION By Brand By Ownership By Hub Others 12% Others Franchised 6% 9% 1% 23% China 11% 14% THB 20,684 7% 7% million Australia 8% 10% 11% Owned Thailand 94% 5% 67% 7% 8% 17 Minor Food Brands 18 Minor Food Brands 19 Manufacturing Business Two manufacturing plants in Thailand producing over Coffee roasting factory in Australia 20,000 tons of cheese and ice cream per annum Manufacturing of ice-cream ingredients and toppings Production of ready-to-eat and frozen bakery products 20 Growth Driven by Selective Outlet Expansion Minor Food continues to grow its number of outlets, keeping a well-balanced mix of brands, ownership and geographies. TSS THB 44 billion TSS THB 38 billion TSS THB 36 billion Revenue THB 24 billion Revenue THB 21 billion Revenue THB 17 billion 2014 2019 2020 322 570 572 306 322 326 53 65 63 387 522 496 42 121 118 427 481 440 88 90 82 44 91 112 46 89 19 19 Others 39 50 53 Total No of Outlets 1,708 2,377 2,370 No of Countries 21 26 26 21 Minor Food – Financial Performance THB million 24,233 23,582 23,022 23,484 20,684 Revenue 4,285 3,843 3,647 3,527 2,583 EBITDA EBITDA Margin 16.7% 18.2% 15.5% 14.6% 12.5% 1,913 1,684 1,521 1,210 NPAT 278 Net Margin 7.3% 8.1% 6.5% 5.0% 1.3% 2016 2017 2018 2019 2020 Note: Core operations, excluding non-recurring items and excluding the impact of TFRS16 (in 2020) 22 Others – Minor Lifestyle Portfolio – 2020 FASHION Outlets Outlets 110 7 78 4 80 36 44 Total 359 LIFESTYLE CONTRACT MANUFACTURING Outlets 27 25 23 Manufacturing of acid-based fast-moving consumer goods - 25 Total 100 64K Tons / Year 23 Key Financial Highlights MINT – Resiliency Since 2000, Thailand has gone through several challenges, driven by both domestic and global factors.
Load more

Recommended publications
  • U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-Mail: [email protected]
    U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-mail: [email protected] Internet: http://www.cubatrade.org • Twitter: @CubaCouncil Facebook: www.facebook.com/uscubatradeandeconomiccouncil LinkedIn: www.linkedin.com/company/u-s--cuba-trade-and-economic-council-inc- If NH Hotel Group Is Sued Using Libertad Act, One Defendant Would Be Former U.S. Citizen Who Now Controls Company Madrid, Spain-based NH Hotel Group (2018 revenues approximately US$1.8 billion), which is 94.13% owned by Bangkok, Thailand-based Minor International Public Company Limited (2018 revenues approximately US$2 billion). LINK: https://www.minor.com/en NH Hotel Group manages two properties in the Republic of Cuba: 220-room NH Capri La Habana and 31- room NH Collection Victoria La Habana and one property in the United States: 288-room NH Collection New York Madison Avenue. “William Heinecke is the chairman and CEO of hospitality group Minor International, the company he founded as a cleaning business when he was 17 — still a minor — four years after relocating to Bangkok with his family. Throughout his 20s and 30s, it evolved into one of Thailand’s leading hospitality chains, and Heinecke said he felt he owed it to the country that “adopted” him to show his dedication to doing business there. Eight years after becoming a naturalized Thai citizen in 1991, William Heinecke was 42 when he did something drastic: He walked into the U.S. embassy in Bangkok, handed over his passport and renounced his citizenship.” “He holds an Honorary Doctorate of Business Administration in Management from Yonok University, Lampang.
    [Show full text]
  • Minor Hotels Management Companies
    Minor Hotels Management Companies Area Company Name Registered Address Asia Minor Hotel Group Limited 12th Floor, 88 The PARQ Building, Ratchadaphisek Road, Khlong Toei, Bangkok 10110, Thailand Asia MHG IP Holding (Singapore) 2 Alexandra Road, #05-04/05, Delta House, Singapore 159919 Pte Ltd. Asia Minor Hotel Management 102B9, No. 318 Huangzhao Road, Pudong New Area, Shanghai (Shanghai) Limited City, People’s Republic of China Asia Lodging Management Level 15(A1), Main Office Tower, Financial Park Labuan, Jalan (Labuan) Limited Merdeka, 87000 Labuan FT, Malaysia Asia Minor International Level 15(A1), Main Office Tower, Financial Park Labuan, Jalan (Labuan) Limited Merdeka, 87000, F.T., Labuan, Malaysia Asia M&H Management Limited 10th Floor, Standard Chartered Tower, 19 Cybercity, Ebene, Mauritius Asia MHG International Holding 10th Floor, Standard Chartered Tower, 19 Cybercity, Ebene, (Mauritius) Mauritius Asia PT Lodging Management Equity Tower 49th Floor, Jl. Jend Sudirman Suite 49 BCF, Kav Indonesia 52-53 SCBD Sudirman, Jakarta Selatan – 12190 Indonesia Asia MHG Management (India) Regus Centre Saket Private Limited, Rectangle-1, D-4, District Private Limited Centre,Saket Commercial Complex New Delhi - 110019, Delhi, India Asia Kalutara Luxury Hotel and Hemas House, No. 75. Braybrooke place, Colombo, Sri Lanka Resort (Private) Limited Africa Minor Hotel Group South 15 Alice Lane, Sandton, Sandton Gauteng, 2196, South Africa Africa (PTY) Limited Africa MHG Management Tunisia 6, Rue Ibn Hazm, Cité Jardins, Le Belvédère, 1002, Tunis, SARL Tunisia Australia Oaks Hotels & Resorts Level 5, 26 Duporth Avenue, Maroochydore, Queensland, Limited Australia 4558 Australia 187 Kent Pty Ltd Level 5, 26 Duporth Avenue, Maroochydore, Queensland, Australia 4558 Australia 361 Kent Pty Ltd Level 5, 26 Duporth Avenue, Maroochydore, Queensland, Australia 4558 Australia Accom (Vic) Pty Ltd Level 5, 26 Duporth Avenue, Maroochydore, Queensland, Australia 4558 Australia Accom Melbourne Pty Ltd Level 5, 26 Duporth Avenue, Maroochydore, Queensland, Australia 4558 Australia A.C.N.
    [Show full text]
  • A Special Benefit for HSMAI Members
    A Special Benefit for HSMAI Members The more you know, the better ROI you can provide to your employer or prospective employer, the more you can improve your company’s bottom line, and the better you can position yourself in your chosen discipline. Written by hoteliers for hoteliers, these books are the study guides for the Certified Revenue Management Executive (CRME) certification and the Certified Hospitality Digital Marketer (CHDM) certification. Learn more about the CRME and the CHDM and what they can bring to you and your organization. Normally $60 each for HSMAI members, please take advantage of the free access to these resources to upskill, re-skill, and stay skilled during this uncertain time. Taking a deep dive into the fundamentals, cross- This book will help hoteliers — in disciplines as disciplinary partnerships, and emerging elements wide ranging as marketing, revenue management, impacting revenue optimization, this book is an distribution, and ownership — get and stay current indispensable handbook for all sales, marketing, and on the most up-to-date and forward-looking revenue optimization professionals. information on digital marketing best practices. Watch for an updated 6th edition in Summer 2020! HSMAI is providing resources that will help hotel industry professionals stay informed about the impact of the coronavirus outbreak on sales, marketing, and revenue optimization, and put crisis management techniques into play. Evolving Dynamics: From Revenue Management to Revenue Strategy THE STUDY GUIDE FOR THE CERTIFIED
    [Show full text]
  • Press Release Minor Hotels Enters a Strategic Partnership with Funyard
    Press Release Minor Hotels Enters a Strategic Partnership with Funyard Hotels & Resorts to Fuel China Expansion Bangkok, January 20, 2021 – Minor Hotels, a Bangkok-based international hotel owner, operator and investor, signed a Memorandum of Understanding (MoU) with Funyard Hotels & Resorts (Member of Country Garden Core Business Alliance), which will see the expansion of its brands in China. The announcement comes at the time when the growth of China’s travel sector, already one of the world's most-watched inbound and outbound markets, is expected to accelerate following post- COVID-19 easing of movement restrictions for travellers. With demand for leisure and resort services shifting from overseas to domestic, optimism about China’s tourism and resort market is at all-time high. Minor Hotels’ globe-spanning network of hotels and resorts with a wellness and cultural element at their core ensures that the group is well poised for development in the China market where the appetite for leisure travel has never been greater. As one of the world’s top 20 hotel groups with 530 hotels in 56 countries and regions, Minor Hotels boasts a diverse portfolio of brands. Through its partnership with Funyard Hotels & Resorts, a core alliance enterprise of Country Garden Group, the Bangkok-based hospitality group will be bringing Anantara, Avani, Oaks, Elewana, Tivoli and NH brands to mainland China, many of them for the first time. Bringing to the table extensive market knowledge and 20 years of experience in asset and operations management in China, Funyard Hotels & Resorts shares many core competences and values with Minor Hotels.
    [Show full text]
  • 2016 Industry Report
    2016 INDUSTRY REPORT INDUSTRY REPORT What is ? INDUSTRY REPORT The Tourism 100 is our annual ranking of the largest 100 tourism industry corporations worldwide as measured by total revenue. We limited the Tourism 100 report by Airlines, Hotels, Tour Operators and Travel Agencies. Each corporation has quoted on the stock exchange. We also separated our search into segments such as Top 15 Tour Operators Worldwide, Top 20 Travel Agencies Worldwide, Top 40 Hotels Worldwide and Top 50 Airlines Worldwide. Everyone needs to get away every once in a while. But before you embark on your jour- ney, take a look at this list of the top tourism companies in the world, listed by their prominence. This list of major tourism companies includes the largest and most profi- table tourism businesses, corporations, agencies, hotels and airlines in the world. If you are wondering what the biggest tourism companies are, then this list has you covered. This list includes the most famous tourism companies in the industry. This list includes names of the largest tourism businesses. Looking for a travel companies list or just one tourism company in particular? This list should be a good start. This list has a variety of companies, like Intercontinental Hotels Group, American Airli- nes Group, Thomas Cook Group and Expedia Inc., in it. This list answers the questions, “What are the biggest travel companies in the world?” and “What are the most successful tourism companies?” INDUSTRY REPORT METHODOLOGY Companies are ranked by total revenues for their respective fiscal years: 1. the fiscal year starts on April 1, 2015 and ends on March 31, 2016 2.
    [Show full text]
  • HOTEL INVESTMENT in the IBERIAN PENINSULA Expansion & Evolution What’S Next?
    HOTEL INVESTMENT IN THE IBERIAN PENINSULA Expansion & Evolution What’s Next? SEPTEMBER 2019 CONTENTS INTRODUCTION 03 IBERIAN PENINSULA - HOTSPOT FOR HOTEL INVESTMENT 05 Transaction Activity Momentum Expansion Outside the Core Maturing Markets Rise of Foreign Institutional Investors Evolution of Investment Forms Compressing Yields HEALTHY HOTEL PERFORMANCE FUELLED BY BUOYANT TOURISM 20 Decade of Growth Tourism Boom Hotel Supply - Big & Evolving EVOLVING NATURE OF THE HOSPITALITY SECTOR 39 The emergence of soft brands The rise of affordable lifestyle brands A new generation of hostels Innovative extended-stay concepts Expansion of shared accommodation platforms What do Millennials in Iberia Expect from Hotels? SHORT-TERM ACCOMMODATION APARTMENTS LEGAL & TAX OVERVIEW 56 Tourist Apartments in Spain Short-Term Accommodation Apartments in Portugal REITS IN IBERIAN PENINSULA LEGAL & TAX FRAMEWORK 60 “SOCIMI” - Spanish REIT “SIGI” - Portuguese REIT WHAT’S NEXT? 66 Market Outlook AUTHORS & OTHER CONTACTS 68 ABOUT THE CONTRIBUTORS 69 H10 Cubik Barcelona The tourism sector is one of the fastest-growing industries in the world, increasingly capturing interest from investors. INTRODUCTION We welcome you to our joint Cushman & Wakefield / since 2015, while Portugal took 12th place and continues CMS report ‘Hotel Investment in the Iberian Peninsula*: to rise up the ranks. Expansion & Evolution – What’s Next?’ In this report, we will explore the key investment trends in The tourism sector is one of the fastest-growing Iberia, analyse the underlying performance drivers across industries in the world, increasingly capturing interest all major sub-markets and discuss the innovative trends from investors attracted by the premium returns and shaping the local hospitality sector. We will also provide positive long-term prospects.
    [Show full text]
  • Annual Corporate Governance Report for 2018, Drawn up by the Company’S Management, to the External Auditor for Review
    ANNUAL CORPORATE GOVERNANCE REPORT OF LISTED COMPANIES IDENTIFICATION DETAILS OF THE ISSUER End date of 12-month period of reference 31/12/2018 CIF: A28027944 Company Name: NH HOTEL GROUP, S.A. Registered Office: SANTA ENGRACIA, 120 - 7ª PLANTA MADRID 1 / 76 ANNUAL CORPORATE GOVERNANCE REPORT OF LISTED COMPANIES A. OWNERSHIP STRUCTURE A.1. Fill in the following table regarding the share capital of the Company: Date of last change Number of Number of Share capital (€) Shares voting rights 09/05/2018 784,360,486.00 392,180,243 392,180,243 Indicate whether there are different shares classes with different associated rights: [ ] YES [ √ ] No A.2. Please provide details of the company's significant direct and indirect shareholders at year end, excluding any directors. Name of shareholder % of shares carrying voting rights % of voting rights through financial instruments % of total voting rights Direct Indirect Direct Indirect MINOR INTERNATIONAL 0.00 94.13 0.00 0.00 94.13 PUBLIC COMPANY LTD Breakdown of the indirect holding: Name of indirect Name of direct % of shares % of voting rights % of total shareholder shareholder carrying voting through financial voting rights rights instruments MINOR MHG CONTINENTAL INTERNATIONAL PUBLIC HOLDING (SINGAPORE) COMPANY PTE. 94.13 0.00 94.13 LTD LTD. Indicate the most significant movements in the shareholding structure of the company during the year: Most significant movements Between May and September 2018, various purchase agreements signed by Minor International Public Company Limited ("Minor IPC") as Purchaser were executed with the HNA Group and with funds managed by Oceanwood, all of them as Sellers.
    [Show full text]
  • Most Visible Contractors Operating in the GCC Services Country
    Most visible contractors Services Country Hospitality clients Potential contact Potential routes to operating in the GCC contact ISG Interiors fit-out, International offices Kempinski Hotel, Dubai Jim Black No current route to technology, construction including UAE Ritz Carlton, Abu Dhabi Senior Business contact Development Manager Aukett Fitzroy Robinson ProJect Manager on Kempinski Hotel Drawlink Group Interiors fit-out UAE Rosemont Hotel & Daousser Chennoufi No current route to Residences CEO and Key Architect contact HL Group Ramada Ajman Hotel IHG Hues (boutique) Radisson* ibis Styles AW Rostamani Contracting, fit-out and UAE Al BustanAccorHotels group Roger Clement No current route to FF&E supplier Head of Pre-Contracts contact Bond Interiors Contracting, fit-out and UAE Marriott* No current route to FF&E supplier IHG contact Briefing document ALEC FITOUT Interiors fit-out and Offices in UAE, Qatar Minor Hotels group Damien Kelly refurb for 5-star hotels and Oman Marriott group* Design Manager (Dubai) Jumeirah Group Kempinski Hotels Tom Gilmartin One & Only Royal Business Development Mirage Hyatt group Four Zone Middle East Interior design and UAE Hilton groupAccorHotels group No current route to product supply Marriott group* contact AccorHotels group IHG Shangri-La Carlson Rezidor Millennium Dur Hospitality Manages, develops and Saudi Arabia Makarem group Khalid bin Mohammed No current route to operates hotels IHG group Al-Asqa contact Vice President of Assets & Properties Omrania Architects, interior Saudi Arabia Hilton group
    [Show full text]
  • Spa Opportunities 10Th November 2017 Issue
    spaFind great staff TM opportunitiesA SPA BUSINESS PUBLICATION 10 - 23 NOVEMBER 2017 ISSUE 280 Daily news & jobs: www.spaopportunities.com Peninsula Hot Springs expansion details revealed Australia’s Peninsula Hot Springs terraces that provide space for (PHS) is planning a major expansion up to 580 people to watch plays, focused on story-driven experiences, talks and concerts, while another including an open-air amphitheatre 120 can listen from the pools. with seven pools and seating for 700 “We’ll be providing entertainment people, Spa Opportunities can reveal. and education from the Amphitheatre New offerings will include: an Bathing Bowl as well as the Food educational building; sauna rooms; Bowl,” said Davidson. “These are a deep therapy pool; a fire and ice two unique, open-air spaces for bathing area; a ‘Food Bowl’ area arts, culture, health and wellbeing.” with on-site agriculture and picnic This will also help with capacity areas where guests are invited to issues, said Davidson: “Demand “eat yourself to good health”; and has been rising – half the time we’re the amphitheatre which forms the at full capacity and we can’t allow centrepiece of the arts and culture Founder Charles Davidson is creating open-air spaces for arts and culture additional people into the facilities.” area. Plans are also underway to add In December, the first stage of the 126 bedrooms – a first for the hot springs. story-driven – we want them to be places where Food Bowl area – a three-acre (1.2 hectare) “The purpose of our business is to guests can be engaged in the experience.” terraced garden – will be completed.
    [Show full text]
  • Hotel Chains in Italy
    ITALY Hotels & Chains Report 2021 Introducing the 8 th Edition of Hotels & Chains in Italy Dear readers, With the publication of the 8th edition of the Despite the complex times, we are convinced of "Hotels & Chains in Italy" report by Horwath HTL, the Italian tourism robustness and growth we are delighted to see how this publication has potential. It was with great pleasure, we recently become an industry-established yearly reference learned that the newly-appointed Minister of the for updated Italian Hospitality Supply information. reconstituted Ministry of Tourism, Massimo This year, unfortunately, we cannot ignore Garavaglia, has included among the seven goals highlighting how much this pandemic has struck of the strategic plan to relaunch Italian tourism, the entire world and is still profoundly affecting the development of business networks. An official the Italian tourism sector and all the industries and authoritative recognition of the strategic role connected to it. of the sector that encourages those who, like us, operate, with systematic and continuous A few figures only. According to Eurostat, in Italy, attention, to spread and affirm this modality in the the hotel demand faced a drop in overnights of - Italian hospitality system. 56.9% compared to 2019, with an even more dramatic impact on the star cities, such as Florence (- 83.8%), Rome (-81.3%), and Venice (-74.8%). Other destinations with particular reliance on non-European markets, or markets in which restrictions had been strongly applied, were also negatively impacted. Many recovery predictions have been elaborated in the last months by public institutions and research centers.
    [Show full text]
  • Hotels Africa 2018
    RESEARCH HOTELS AFRICA 2018 Accommodating growth in Africa HOTELS AFRICA 2018 RESEARCH AFRICA HOTELS: HOTEL MARKET OVERVIEW ROOMS FOR GROWTH Hotel supply levels vary greatly across Africa. The growth potential of Africa is increasingly The distribution of Africa’s current Elsewhere in Africa, the tourist islands of Hotel development hotspots in East AFRICA IN 2030 recognised by international hotel operators, investors supply of branded and chain hotels is Mauritius, the Seychelles and Zanzibar all Africa include the major cities of Kenya, illustrated by the hotel density map on have a significant presence of branded Ethiopia and Tanzania. POPULATION GROWTH and developers. pages 4-5. The current hotel stock is hotels and resorts. In contrast, some of Although it is a comparatively well- By 2030, Africa’s population heavily concentrated in a small number Africa’s largest cities, including Kinshasa, will increase by 36% to supplied region, North Africa continues Global and local hotel chains have Africa’s population is growing at a faster of markets. South Africa has the Khartoum and Addis Ababa, have only a to see new development, accounting billion targeted Africa as a growth region, rate than that of any other global region; largest supply, with almost 30% of the handful of international branded hotels. 1.7 for around 29% of pipeline projects. due to both its relative undersupply it is currently home to around 1.2 billion continent’s chain hotels. The largest Across Africa, more than half of the continent’s capital cities have fewer than This stems from the expansion of major of international-quality hotels, and the people, but UN projections suggest hotel markets in South Africa URBANISATION five chain hotels each.
    [Show full text]
  • Minor Development Eb
    MINOR HOTELS TABLE OF CONTENTS ABOUT MINOR HOTELS 03 CORBIN & KING 58 HOTEL PORTFOLIO 05 BENIHANA 60 WORLD MAP 06 SOCIAL AND F&B 62 MINOR HOTELS AROUND THE WORLD 07 RIVERBOAT CRUISES 64 TIMELINE 08 ANANTARA VACATION CLUB 66 WHY MINOR? 09 CORPORATE SUPPORT 67 ANANTARA HOTELS, RESORTS & SPAS 11 TECHNICAL SERVICES 68 TIVOLI HOTELS & RESORTS 17 PROCUREMENT 68 AVANI HOTELS & RESORTS 23 PROFIT BY DESIGN 68 NH HOTEL GROUP 29 GLOBAL SALES NETWORK 70 NH HOTELS 32 GLOBAL HOTEL ALLIANCE 71 NH COLLECTION 37 CENTRAL SYSTEMS 72 NHOW 41 LOCALLY MINDED, ACTIVELY ENGAGED 73 NH REWARDS 45 REGIONAL CONTACTS 74 OAKS HOTELS, RESORTS & SUITES 46 ELEWANA COLLECTION 52 BRANDED RESIDENCES 57 2 ABOUT MINOR HOTELS FOUR DECADES OF SUCCESS Minor Hotels is built on a passion for perfection. Proactive and performance-driven, we are one of the world’s fastest-growing hospitality groups, with a diverse portfolio of brands and an international network of hotels in the world’s most exciting destinations. As owner-operators, we understand both the challenges and opportunities hotel owners face, and while we have enjoyed global expansion over the years, we have not forgotten our origins. Big enough to offer the scale and resources of an international group, yet nimble enough to provide dedicated focus, we are balanced both with size and agility, offering our owners flexibility, creativity and support, backed by decades of expertise. Minor Hotels’ successful track record and global brand recognition are built upon the passion of our people who create award-winning hotels that deliver memorable guest experiences and drive sustainable financial returns to our owners and shareholders.
    [Show full text]