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HONG KONG - Mandarin Oriental International Limited announced today its financial performance for the first quarter of 2025, highlighting increased Revenue per Available Room (RevPAR) across all regions and the strategic expansion of its portfolio. The luxury hotel group, which operates 43 hotels and 12 residences globally, has seen a rise in hotel management fee income due to robust hotel RevPARs.
The Group’s underlying profit for the quarter surpassed the previous year’s figures, with owned hotels, particularly in Hong Kong, driving higher profitability. This offset the loss of earnings from the sale of their Paris property in 2024. Mandarin Oriental’s liquidity remains strong, with $462 million in available committed debt facilities and $178 million in cash reserves.
In recent developments, the Group has focused on growing its portfolio, announcing two new hotel and residence management agreements in Puerto Rico and Suzhou, China. In April, Mandarin Oriental Lutetia, Paris, was added to its European collection, along with the takeover of The Conservatorium Hotel in Amsterdam, slated for rebranding in 2026.
The Group is also investing in its heritage, earmarking substantial funds for renovations at its founding flagship hotels in Hong Kong and Bangkok. The Amber restaurant at The Landmark Mandarin Oriental, Hong Kong, was awarded three Michelin (EPA:MICP) stars in March, recognizing the Group’s commitment to exceptional dining experiences.
Construction of One Causeway Bay, a mixed-use commercial redevelopment in Hong Kong, remains on budget and on schedule for completion in the second half of the year. Mandarin Oriental’s financial leverage increased slightly to 3% of adjusted shareholders’ funds from 2% at the end of last year.
This update is based on a press release statement from Mandarin Oriental International Limited, which is incorporated in Bermuda and listed on the London Stock Exchange (LON:LSEG), with secondary listings in Bermuda and Singapore. The Group’s hotel activities are managed from Hong Kong, and it is part of the Jardine Matheson group.
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