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Management Discussion and Analysis
February 19, 2018 Minor International Public Company Limited M A N A G E M E N T D ISCUSSION AND A NALYSIS Overview 4Q17 and 2017 Performance Revenue Breakdown Bt million 4Q17 4Q16 %Chg Minor International Public Company Limited (“MINT”) As Reported reported y-y revenue growth of 12% in 4Q17 and 8% in 2017, Restaurant Services 6,053 5,621 8% while net profit increased by 20% in 4Q17 and 18% in 2017, Hotel & Mixed-Use 8,352 7,872 6% compared to 4Q16 and 2016 core revenue and net profit, Retail Trading & 1,173 910 29% respectively. Note that in 2016, MINT recorded non- Contract Manufacturing Total Revenue 15,578 14,403 8% recurring items as required under Thai Generally Accepted Core* Accounting Principles (Thai GAAP), which are detailed in Restaurant Services 6,053 5,621 8% the non-recurring table on page 3. Hotel & Mixed-Use 8,352 7,344 14% In a move to reward its shareholders, MINT’s Board of Retail Trading & 1,173 910 29% Contract Manufacturing Directors proposed to pay cash dividend in the amount of Total Revenue 15,578 13,875 12% Baht 0.40 per share. The dividend payment is subject to * Exclude non-recurring items as detailed in the table on page 3 MINT’s shareholder’s approval at the Annual General In 2017, MINT reported total revenue of Bt 58,644m, an Meeting of Shareholders to be held on April 3rd, 2018. increase of 8% from 2016 core revenue. The growth was driven mainly by solid performance of hotel and mixed-use For fourth quarter performance, MINT reported total business, including robust hotel operations in Thailand and revenue of Bt 15,578m, a 12% growth from 4Q16 core the Tivoli portfolio in Brazil and Portugal, additional revenue, attributable to outstanding performance of all contributions from acquisitions, including the increase in three business units. -
Immediate Plans for NH Hotel Group
Minor International NH Hotel Group’s Proposed Tender Offer July 2018 STRICTLY PRIVATE & CONFIDENTIAL Disclaimer Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are "forward-looking statements" within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. MINT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. MINT makes no representation whatsoever about the opinion or statements of any analyst or other third party. MINT does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement. This presentation (the Presentation) has been prepared by Minor International Public Company Limited (the Company) in connection with the proposed tender offer (the VTO) to be carried out by MHG Continental Holding (Singapore) Pte. Ltd., a wholly owned subsidiary of the Company, over the shares of NH Hotel Group, S.A. (NH) in accordance with the VTO public announcement published on June 11, 2018, on the website of the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores or CNMV) as hecho relevante with registry number 266649. -
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. -
Quarterly Newsletter – Q2 2014
30 Warwick Street London W1B 5NH www.jll.com/hospitality EMEA Quarterly Newsletter – Q2 2014 Industry Trends • According to the World Travel & Tourism Council (WTTC), demand for international tourism remained strong in the first four months of 2014. International tourism arrivals grew 5%, the same rate as full year 2013. Prospects for the current peak tourism season remain very positive with over 450 million tourists expected to travel abroad in the May-August 2014 period. • Destinations worldwide received 317 million international overnight visitors between January and April 2014, 14 million more than in the same period of 2013. This 5% growth consolidates the strong increase registered for 2013 and is well above the long-term trend projected by the UNWTO for the period of 2010-2020 (3.8%). • The strongest growth was seen in Asia and the Pacific and the Americas (both up 6%), followed closely by Europe and Africa (up 5%). By sub-region, Northern Europe, South and Mediterranean Europe, North Africa and South Asia (all up 8%) were the star performers. • In terms of tourism expenditure, growth continues to be strong from emerging markets, in particular China, the Russian Federation, Saudi Arabia and India. Furthermore, demand from advanced economies is strengthening as the global economic situation gradually improves, with encouraging growth posted for Italy, Australia, the Republic of Korea, the Netherlands, Norway and Sweden. • According to the UNWTO confidence index, prospects remain very positive for the period May- August 2014. Confidence has picked up, particularly among the private sector, and improved further in Europe, the Americas, Asia and the Pacific and the Middle East. -
Marriott Bonvoy
B:24.5” T:24” S:23.5” ELITE ELITE-LEVEL BENEFITS AT A GLANCE PARTICIPATING BENEFIT DESCRIPTION BRANDS MARRIOTT BONVOY™ GOLD ELITE 25 Nights/Year MARRIOTT BONVOY™ SILVER ELITE 10 Nights/Year MARRIOTT BONVOY™ PLATINUM ELITE 50 Nights/Year MARRIOTT BONVOY™ TITANIUM ELITE 75 Nights/Year MARRIOTT BONVOY™ AMBASSADOR ELITE 100 NIights + $20K Rev/Year A member is matched with a personal Ambassador (above property), who is the member’s point person for every stay. Ambassador Service is the highest level of service All brands Ambassador Service l for members. All brands except Marriott Vacation Club® Flexibility to check in and out of the room outside of normal arrival and departure times. For example, check in at 9 p.m. and check out at 9 p.m. Requests for Your24 and participating Vistana™ properties Your24™ l are communicated through Ambassadors. and Design Hotels™ All brands except resorts, 48-Hour Guarantee Marriott Vacation Club, and participating l l Guaranteed room availability for reservations booked 48 hours prior to arrival (at Residence Inn and TownePlace Suites, benefit applies to studio room only). Vistana properties and Design Hotels™ • JW Marriott® Access to lounge for member plus one guest. This benefit only applies to the one guest room in which the Platinum Elite/Titanium Elite/Ambassador Elite member is staying. • Marriott Hotels® • Delta Hotels® Brand Lounge Offer Guest Compensation2 • Autograph Collection® Hotels US$100 if no breakfast • Renaissance® Hotels US/CAN: If lounge is closed or hotel does not have a lounge, offer -
Why Invest in 25Hours. Accorhotels Global Development Facts and Figures
why invest in 25hours. AccorHotels Global Development facts and figures >80% occupancy on a group level ~40% revenue coming from F&B 5 new openings in the next two years come as you are. Christoph Hoffmann is responsible for the further development and Stephan Gerhard knows the international hotel trade like no other. expansion of the 25hours hotel group and its brand. He enthusiastically The Solutions Holding, which he founded in 1985, is one of Europe’s and courageously evaluates hotel premises and develops tailored hotel leading consultancy corporations in the hotel, hospitality, leisure and products with local partners for nomads, daydreamers and night owls tourism sectors. Stephan Gerhard works tirelessly as a partner and who are looking for a change from the grey city streets. consultant for 25hours. Kai Hollmann is the director of the Fortune Hotels in Hamburg which Ardi Goldman is known as an orchestrator of city architecture in are among the most internationally renowned and successful lifestyle Frankfurt. He is always able to create cosmopolitan colour in liveable hotels in various segments. Hollmann is a hotelier who learned his and endearing architecture. Goldman draws his inspiration from urban trade from scratch. Hollmann is the proprietor and director of five areas and offers thorough support during the implementation of his hotels and was the initiator of the 25hours idea. ideas. This causes the boundaries to blur between enjoyment, construction, design and art. initiators. history 25hours is a fresh and dynamic hotel brand, which builds upon the shoulders of traditional hotel business and searches for new answers to the demands of an urban, cosmopolitan, culturally interested and brand aware audience. -
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. -
Federico J. González
THE CONVERSATION Radisson Hotel Group FEDERICO J. GONZÁLEZ The hotel group’s Chairman of the Global Steering Committee tells Andy Hoskins about his company’s transformation and its grand aspirations ighteen months have passed since “Jinjiang is very focused on hotels whereas segment that are competing against each Federico J. González joined the [current owners] HNA are more dispersed other in the same town or neighbourhood. E Radisson Hotel Group and he has in different sectors, so I think you can Our investors and hotel owners know they already overseen a re-brand of the two expect to see significant growth across all won't be competing against another Radisson arms of the company (based in Brussels our brands in China,” says González. in the same segment in the same town.” and Minneapolis) and implemented a And in a world of big brand mergers and If the group has a weakness it is perhaps five-year plan to “transform the company acquisitions, could Radisson and Jinjiang up its relatively uneven distribution of brands, in terms of revenue and reputation”. the ante? “I think so. We have a very strong, with Radisson Blu and Park Plaza strong in Previously known as the Carlson Rezidor aggressive five-year growth plan but that is Europe, for example, while Radisson hotels Hotel Group, the change of title brought the without factoring in any acquisitions. There and Country Inn and Suites are abundant Radisson name – its best-known brand – is already a significant amount of revenue across North America. to the fore, ditching the incongruous and profit potential in the existing business. -
Board of Directors' Report
Santa Engracia, 120, 7 Main Building 28003 Madrid, Spain www.nh-hotels.com In compliance with the provisions of Article 17 of Regulation (EU) 596/2014 of 16 April 2014 on Market Abuse and Article 228 of the Securities Market Act, approved by Royal Legislative Decree 4/2015, of 23 October, and its complementary regulations, NH Hotel Group, S.A. (hereinafter, “NH Hotel Group” or the “Company”) hereby notifies the National Securities Market Commission (Comisión Nacional del Mercado de Valores) the following RELEVANT EVENT Reference is made to the Relevant Facts dated 2 and 5 October 2018 (under registration numbers 270,111 and 270,236, respectively) in which the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores) disclosed the authorisation and acceptance period of the mandatory takeover bid (the “Bid”) launched by MHG Continental Holding (Singapore) Pte. Ltd (the “Bidder”) (a company fully owned by Minor International Public Limited) for all the shares representing the share capital of NH Hotel Group at an initial price of 6.30 euros per share. In accordance with article 134.4 of the restated text of the Spanish Securities Market Act, approved by Royal Legislative Decree 4/2015 of 23 October and articles 24 and 31.6 of Royal Decree 1066/2007 of 27 July on the rules applicable to takeover bids for securities, the Company submits the mandatory Report from the Board of Directors of NH Hotel Group in relation to the mandatory takeover bid, approved at the meeting held on the date hereof by the majority vote of the directors in attendance. -
Hilton Worldwide Holdings Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 7930 Jones Branch Drive, Suite 1100, McLean, VA 22102 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (703) 883-1000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share HLT New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
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 -
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.