Thailand’s Minor International leans on Europe to weather domestic tourism slump
Europe accounts for 56% of revenue in Q1 2025 but this is expected to increase in the next two quarters during the region’s high season
Add BT as a preferred source
[BANGKOK] Thailand’s flagging tourism sector, weighed down by a sharp drop in Chinese tourist arrivals, is hurting local hotel operators but the country’s hospitality giant Minor International (Mint) is finding some shelter in its European footprint.
Dillip Rajakarier, chief executive of Minor Hotels (Minor) and group CEO of Mint, said that there has been a rise in luxury travel from other parts of Asia and Europe.
“A growing trend we are observing is regional travel – Asia for Asia and Europe for Europe,” he told The Business Times.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
In the EV race, Japan’s most dangerous rival could be closer to home than China
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
