Anantara Vacation Club, a leader in Asia’s shared vacation ownership industry and a wholly owned subsidiary of MINT, is pleased to report strong sales for the fifth consecutive quarter since the rollout of its new sales model in 2015, which resulted in net profit almost tripling in 4Q17 on the back of higher operating leverage and a strong sales pipeline.With an in-depth knowledge of the Asian market, innovative partnerships and a proven commitment to providing exceptional service, Anantara Vacation Club is redefining the vacation ownership market while positioning for continued growth and leadership.
“In 2017, we built two brand-new preview centres in Thailand, and also opened luxury accommodations for our guests at Anantara The Palm Dubai. The result of our efforts has brought about an approximate Ownership growth of 30%, which is certainly something to be proud of.” said Maurizio Bisicky, Chief Operating Officer of Anantara Vacation Club. “Plans are already underway to maintain our current momentum, and we look forward to rolling them out in the near future.”
Anantara Vacation Club’s parent company, Minor International (MINT) reported net profit of Baht 1,611 million in 4Q17, a 20% increase from core net profit of Baht 1,347 million in 4Q16. All three of MINT’s business units generated strong results during the quarter. For the full year 2017, core net profit increased by 18% to Baht 5,415 million from Baht 4,576 million in 2016.
For more information please view Minor International’s Quarterly Corporate Update
About Anantara Vacation Club
Launched in 2010, Anantara Vacation Club is Asia’s premier vacation ownership programme. Offering a portfolio of eight luxurious Club Resorts across Thailand, Indonesia, China and New Zealand, it provides Club Points Owners and their guests with the opportunity to explore top holiday destinations. Club Points Owners’ travel opportunities are further enhanced through the use of the flexible Club Escapes and Global Traveller programmes, which provide access to hundreds of partner resorts and hotels internationally.
Anantara Vacation Club is part of Minor Hotels, an international hotel owner, operator and investor currently with 158 hotels in operation. Through Anantara, AVANI, Oaks, Elewana, Tivoli, Four Seasons, St. Regis, Marriott and Minor International properties, Minor Hotels operates in 25 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and South America.
