Newest Hotels in Thailand

  • Waldorf Astoria

    Last year, the long awaited opening of The Park Hyatt Bangkok was the high point of the Thailand hospitality calendar of 2017. This year the most anticipated luxury hotel opening in Thailand is The Waldorf Astoria Bangkok. A stunning property
  • The Salil

    Upscale and stylish, The Salil has been decked out with a Japanese bent where you can wallow in your bed, sip tea, have a meal, or merely hang out and chill. This is where you can wear pajamas all day,
  • Ritz Carlton Ko Samui

    An ethereal vision of sheer unadulterated grandeur clinging to a cliff so that you feel like you are floating in the air, the Ritz Carlton Koh Samui is where you "can escape in the middle of it all". See 38
  • Splash Beach Resort Mai Khao

    The Langham Hospitality Group's Splash Beach Resort Mai Khao offers some of the best value available on the island of Phuket with spacious rooms at incredible prices. Less than a kilometer from the airport, you'll be at the resort in
  • Cape Fahn Samui

    Cape Fahn Hotel sits on its own private island at Koh Samui where you can play with the other jet setters in pure unadulterated luxury
  • Baba Beach Club

    A luxury hotel with a residential estate, Baba Beach Club Hua Hin is for those who love great music and great food, who won't compromise on standards and want total self-indulgence from lush accommodation where you will be lulled to

Minor Hotel Group sees profits rise after Oaks acquisition

Maintaining an upward trend, Minor Hotel Group (MHG) has recorded an impressive 38 per cent rise in its net profit during the year 2015, with the group owing the increase mainly on account of the enhanced show put by Oaks Hotels & Resorts.

Among others, a noticeable rise in real estate revenue and revaluation gains of Baht670 million from bus acquisitions pertaining to the Sun International and Oaks Elan Darwin dealings are also attributed as reasons for the good performance during the year bygone.

The profits registered by MHG, with a portfolio of 145 hotels, resorts and suites in as many as 22 countries spread across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, assumes significance in the wake of a host of factors such as poor economic environment, fluctuations in currency, uncertain political situation and other incidents like the Bangkok bombing.

The effective cost controls at operating as well as financial levels led to the formidable show by Oaks in 2015.

Read the full article here:
Minor Hotel Group sees profits rise after Oaks acquisition

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Hotel Otaku. Hotel reviewer. Aspiring photographer. Xenodocheionologist. Zac fuses his lifelong passions for 1. Beautiful Hotels & Resorts, 2. Thailand and 3. Website Design to bring NewThaiHotels to life, sharing the latest information on new and exciting luxury hotel openings in stunning tropical Thailand.

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