BANGKOK, June 24 (Bloomberg): The Thai-American founder of Minor International Pcl, which runs more than 500 hotels across 55 countries, sees green shoots emerging in Europe properties while those in Asia remain squeezed due to resurgences in coronavirus outbreaks.
Italy, Spain and the U.K. are seeing businesses reopen and resumptions in domestic tourism, helping boost Minor’s hotel-occupancy rate to about 40% in Europe, Bill Heinecke, founder and chairman of the Bangkok-based company, said in a Bloomberg TV interview on Friday. Operations in Asia remain restricted as the region copes with continued outbreaks.
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