Minor Motels Achieves Document Income in 2023, Initiatives Robust Progress Forward

Minor Motels has reported a record-breaking full-year core income of THB 121.4 billion in 2023, representing a major improve of 25% in comparison with the earlier yr. This surge in income propelled the lodge proprietor and operator’s core web revenue to develop by a formidable 450%. Notably, robust efficiency in key markets equivalent to Europe and Thailand drove vital progress in common each day price (ADR) and occupancy, with group-wide ADR growing by 10% and occupancy rising by 6%.