Success Story

Minor Hotels Transforma estratégicamente su gestión de tesorería

Minor Hotels Transforma estratégicamente su gestión de tesorería

A prominent player in the global hospitality industry, Minor Hotels boasts an impressive portfolio of over 540 hotels across six continents. Specializing in a range of accommodations from urban hotels to luxury resorts, Minor Hotels caters to the modern traveler’s every need. The company operates key brands like Anantara, Avani, NH Hotels, NH Collection, nhow, and Tivoli.

Financial Management Challenges

Due to its expansive footprint, Minor Hotels faced significant challenges in overseeing its financial management efficiently across different geographies. The introduction of the brand in dynamic markets like Paris, China, and Thailand, as well as luxury segments in the Middle East and Maldives, required a robust financial strategy to support seamless operations and growth.

Strategic Hospitality Cash Management 

More than a decade ago, Minor Hotels adopted Kyriba, with the support of Kyriba partner All CMS, to enhance their treasury and financial management. The goal was to optimize treasury activities, improve liquidity management, streamline reporting, and rationalize the banking landscape. This strategic decision was aimed at centralizing treasury activities across continents and managing liquidity effectively, especially during challenging periods like the COVID-19 pandemic.

Rest Assured with Proven Results

The implementation of Kyriba’s solutions brought transformative outcomes for Minor Hotels. Centralizing treasury operations across Europe and America, coupled with efficient liquidity management during the pandemic, allowed the company to achieve record results in 2022 and 2023. 

Using Kyriba Swift. Minor Hotels now efficiently manages over 900 bank accounts with more than 50 banks across 27 countries. This robust setup ensures Minor Hotels can continuously support the hospitality company’s strategic growth and daily financial operations.

Fernando Cebada, Minor Hotels’ SVP Corporate Treasury-Finance, highlights how Kyriba’s platform supports Minor Hotels’ leadership in hospitality cash management, “Kyriba is a fundamental tool for us, both in managing our day-to-day operations and in facing our strategic growth projects.” 

Suite Collaboration for Financial Management Success

Minor Hotels’ collaborative partnership with Kyriba and All CMS has redefined its financial management capabilities, enabling the company to navigate complex challenges and capitalize on strategic opportunities. The success of Minor Hotels underscores the pivotal role of advanced treasury solutions like Kyriba in driving operational efficiency and strategic growth in the global hospitality industry.

Minor Hotels Transforma estratégicamente su gestión de tesorería

Industry: Hospitality

About: Minor Hotels owns, manages, and operates a diverse portfolio of over 540 hotels, resorts, and branded residences across 55 countries on six continents.

Location: Europe and Americas Division

Are you ready to transform your financial operations and achieve similar success? Schedule a demo today to discover how our customized solutions can elevate your business to new heights.