Positive Signs! Minor Moves Forward with Global Hotel and Restaurant Expansion Plan

On February 20, 2026, Dilip Rajagopal, Group CEO of Minor International PCL (MINT), revealed a three-year expansion plan to grow Minor Hotels from 636 to 850 properties and Minor Food from 2,746 to 4,150 locations. The company aims to achieve 6-8% annual revenue growth and 15-20% annual net operating profit. Minor Hotels plans to open and manage 50 new hotels across global regions, while Minor Food will focus on expansion in Southeast Asia and India, leveraging brand strengths and increasing franchise interest. The investment budget for the year is set at 15,000-16,000 million baht, with 60% allocated to hotel upgrades, 10% to branded residences, and the remainder to restaurant and other business expansions. The company sees positive signals following the election, anticipating political stability, foreign investment, and returning international tourists, while monitoring geopolitical risks and currency fluctuations.