Minor Hotels reports quarterly profit growth amid global expansion

Minor Hotels reported a recurring profit of 73 million euros for the second quarter of 2026, a 2% year-on-year increase. This growth was driven by performance in Europe and the Americas, alongside cost control measures. Recurring revenue for the quarter rose by 1% to approximately 931 million euros, while EBITDA increased by 2% to 195 million euros.

For the first half of 2026, the group's recurring profit reached 57 million euros, a 4% decrease compared to the previous year. This decline was attributed to investments in hotel renovations and exchange rate fluctuations. Despite this, semi-annual recurring revenue grew by 3% to 1.721 billion euros, and EBITDA rose by 2% to 283 million euros.

The company is aggressively expanding its portfolio, signing 20 new management contracts in the second quarter, bringing the total for the first half of the year to 29 agreements. Key developments include the Anantara brand's debut in the United States with the Anantara Miami Resort & Residences, new Anantara properties in India, and entry into the Turkish market. The group also strengthened its presence in Japan with the Avani Kyoto and expanded into Slovenia and Croatia.