Minor, which also runs Burger King and Dairy Queen fast-food franchises in Thailand, expects earnings to rise in the fourth quarter from the previous quarter as a recovery in tousism boosts revenues, said finance chief Pratana Mongkolkul.
"We will invest on food outlet expansions and new hotels next year. Our revenue next year will increase from both existing and new food outlets. The hotel business will also improve next year," she told reporters..
Minor's average hotel occupancy rate would rise to 60 percent in the fourth quarter, helped by lower room rates, before climbing further to 65 percent next year, up from a projected average of 53 percent in 2009, she said.
It is targeting at least 10 percent revenue growth next year, underpinned by property sales and plans to open 80-100 new food outlets from a total of 1,100 now, she said.
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