Chaiyapat Paitoon, Chief Financial Officer of Minor International Public Company Limited (SET: MINT), told “Kaohoon” that the company expects robust operational momentum to continue into 3Q25 and the remainder of the year.
The growth is particularly strong in its European hotel operations, due to a comprehensive rebranding and repositioning of several properties across the continent. These strategic initiatives have enabled MINT to command higher room rates.
At the same time, the company continues to benefit from resilient demand from tourism, further fueled by major international events taking place in Europe, such as concerts by Black Pink and the Coldplay World Tour, as well as various trade fairs. MINT also anticipates a marked recovery in its Thai hotels, as forward bookings are showing significant increases for the fourth quarter of 2025—the peak tourism season in Thailand.
The main drivers supporting MINT hotel business remain the strong demand for travel in Europe, the Maldives, and Australia, for both leisure and business purposes, along with large-scale events scheduled for the remainder of 2025, Chaiyapat stated.
He added that Thailand’s ”Half-Price Thai Travel” co-payment tourism scheme is expected to be an effective government stimulus for domestic tourism, especially during the low season in 3Q25. MINT hotels will participate in this campaign as well.
Regarding the restaurant business, the company is committed to continuous menu innovation to create value and meet customers’ evolving needs. This keeps MINT’s brands at the forefront of consumer awareness.
The company has also maintained its strategy of launching limited-time offerings across several brands, which have seen excellent response—such as the recently popular Dubai Chocolate menu at Dairy Queen.
Looking at full-year prospects for 2025, MINT remains confident in achieving mid-to-high single-digit revenue growth and double-digit profit growth. This bullish outlook persists despite challenges, such as the ongoing Middle East situation and evolving US tariff policies. The company is driving revenue through diversified sales strategies, its portfolio of strong brands, as well as significant cost and financial burden reductions.
MINT is heavily focused on sustaining revenue growth even amidst economic challenges and geopolitical risks. Financial strength and discipline remain the company’s priorities, and it persists in reducing interest-bearing debt to further enhance returns to shareholders, emphasized Chaiyapat.
He further noted that while external factors may impact the business, the risks are limited due to MINT’s deliberate strategies to diversify its customer base and reduce dependence on any single segment. The company is also pursuing an asset-light expansion strategy to boost profitability and minimize the risk inherent in large capital investments, especially in today’s highly uncertain economic climate.
Finally, MINT remains committed to further strengthening its financial position through early debt repayment and disciplined capital management.
