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LONDON - Mandarin Oriental International Limited reported 11% growth in combined total revenue and 14% growth in hotel management fees during the first half of 2025, driven by strong Revenue per Available Room (RevPAR) increases across all regions.
The luxury hotel operator’s Management Business saw comparable EBITDA rise by 11% while the company continued investing in capabilities to support future growth. RevPAR improved by 11% across the Group’s properties, with both Asia and EMEA regions posting 11% gains, while America recorded a 6% increase.
During the period, Mandarin Oriental expanded its portfolio to 44 hotels under management, following the rebranding of Mandarin Oriental Lutetia in Paris and management takeovers in Amsterdam, Venice, and Desaru Coast in Malaysia.
The company also made progress on its asset-light strategy, completing the disposal of its Miami property and signing an agreement to sell its Munich hotel while retaining long-term management agreements for both properties.
Despite these positive operational results, the Group reported a loss attributable to shareholders of US$64 million, compared to a US$52 million loss in the same period last year. This was primarily due to a US$103 million revaluation loss on investment properties related to One Causeway Bay in Hong Kong.
Underlying profit attributable to shareholders, which excludes non-trading items, increased by 6% to US$24 million.
"In the first half of 2025, the Group achieved strong operating performance and made good progress toward its long-term growth objectives," said Laurent Kleitman, Group Chief Executive, in the press release statement.
The company declared an interim dividend of US¢1.50 per share, unchanged from the previous year.
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