Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJDS.L Regulatory News (JDS)

  • There is currently no data for JDS

Interim Management Statement

5 Nov 2014 10:08

RNS Number : 2071W
Mandarin Oriental International Ltd
05 November 2014
Β 

ο»Ώ

To: Business Editor For immediate release

Β 

The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.

Β 

MANDARIN ORIENTAL INTERNATIONAL LIMITED

Interim Management Statement

Β 

5th November 2014 - Mandarin Oriental International Limited has today issued its Interim Management Statement covering the period from 1st July to 4th November 2014.

Β 

The trading momentum across the majority of the portfolio remained positive, although some of the Group's hotels experienced challenging conditions. In Asia, the ongoing political uncertainty in Bangkok continued to affect results, and while the Group's Hong Kong hotels had been trading well, occupancy has suffered from the continuing demonstrations in the city. Europe benefited from further progress in Paris and an improvement in Geneva, which more than offset softer demand in London. The results in The Americas were impacted by lower demand in Washington D.C.

Β 

The Group's development projects remained active. In July, the Group opened Mandarin Oriental, Bodrum, a luxury resort in Turkey. In September, a management contract was announced for a 200-room urban resort in Dubai, scheduled to open in 2017. Following the announcement of a management contract for a new luxury hotel in Manila, due to open in 2020, the Group's existing hotel in the city was closed in September. Two new hotels are planned to open within the next 12 months, in Marrakech and Milan. In October, the Group also announced it is to brand and manage 146 Residences at Mandarin Oriental in Bangkok that will be developed as part of a large mixed-use project located diagonally across Chao Phraya river from Mandarin Oriental, Bangkok.

Β 

The Group remains in a strong financial position, with net debt in line with what was reported at the half year.

Β 

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the most luxurious hotels, resorts and residences. Having grown from a well-respected Asian hotel company into a global brand, the Group now operates, or has under development, 45 hotels representing close to 11,000 rooms in 25 countries, with 20 hotels in Asia, ten in The Americas and 15 in Europe, Middle East and North Africa. In addition, the Group operates or has under development, 14 Residences at Mandarin Oriental connected to its properties. Mandarin Oriental International Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.

Β 

- end -

Β 

For further information, please contact:

Β 

Mandarin Oriental Hotel Group International Limited

Hamish Ross (852) 2895 9288

Sally de Souza (852) 2895 9167

Β 

Brunswick Group Limited

Vanessa Gourlay (852) 3512 5079

Β 

This and other Group announcements can be accessed through the internet at 'www.mandarinoriental.com'.

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
IMSBELFBZFFBFBQ
Date   Source Headline
31st Jul 200711:16 amRNSAstra 2007 Half Year Results
20th Jul 200711:09 amRNSBermuda Takeover Code
17th Jul 200710:39 amRNSNotice of Results
31st May 200710:27 amRNSTotal Voting Rights
17th May 200710:45 amRNSDirector Declaration
16th May 200712:10 pmRNSDirector/PDMR Shareholding
15th May 200710:14 amRNSJC&C 1st Quarter Results
10th May 20073:12 pmRNSResult of AGM
10th May 20073:04 pmRNSResult of AGM
2nd May 200711:32 amRNSAnnual Information Update
2nd May 200711:23 amRNSDividend
30th Apr 200711:45 amRNSDividend
30th Apr 200711:39 amRNSAstra 2007 1st Qtr Results
20th Apr 200710:35 amRNSHolding(s) in Company
20th Apr 200710:32 amRNSHolding(s) in Company
20th Apr 200710:31 amRNSHolding(s) in Company
20th Apr 200710:29 amRNSHolding(s) in Company
20th Apr 200710:28 amRNSHolding(s) in Company
13th Apr 200710:27 amRNSAnnual Report & Notice of AGM
3rd Apr 200710:17 amRNSCircular to Shareholders
7th Mar 20079:05 amRNSFinal Results
1st Mar 20079:21 amRNSC&C Final Results
28th Feb 200710:53 amRNSPT Astra Final Results
9th Feb 20079:10 amRNSNotice of Results
19th Jan 200710:35 amRNSDirector/PDMR Shareholding
29th Dec 20069:16 amRNSVoting Rights and Capital
20th Dec 20069:49 amRNSHolding(s) in Company
29th Nov 20069:32 amRNSJC&C 3rd Quarter Results
24th Nov 200610:06 amRNSDirector/PDMR Shareholding
22nd Nov 200610:19 amRNSDirector/PDMR Shareholding
22nd Nov 200610:06 amRNSDirector/PDMR Shareholding
10th Nov 200611:38 amRNSDirector/PDMR Shareholding
8th Nov 20069:18 amRNSDividend
6th Nov 20069:14 amRNSDividend
31st Oct 20069:59 amRNSAstra 3rd Quarter Results
27th Oct 200611:38 amRNSHolding(s) in Company
23rd Oct 200611:07 amRNSDirector/PDMR Shareholding
11th Oct 200610:12 amRNSCircular to Shareholders
5th Oct 200610:44 amRNSDoc re. Interim Report 2006
3rd Oct 200610:34 amRNSJC&C Directorate Change
12th Sep 200610:05 amRNSInterim Results
8th Sep 200610:36 amRNSJC&C Interim Results
23rd Aug 200610:24 amRNSNotice of Results
28th Jul 200610:39 amRNSAstra 2006 Half Year Results
23rd Jun 200610:11 amRNSDirector/PDMR Shareholding
21st Jun 200612:11 pmRNSHolding(s) in Company
21st Jun 200612:10 pmRNSHolding(s) in Company
21st Jun 200612:09 pmRNSDirector/PDMR Shareholding
21st Jun 200612:01 pmRNSDirector/PDMR Shareholding
15th Jun 20063:47 pmRNSResult of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.