Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMandarin In.sg Regulatory News (MDO)

  • This share is currently suspended. It was suspended at a price of 1.65
  • There is currently no data for MDO

Interim Management Statement

15 May 2013 12:35

RNS Number : 7871E
Mandarin Oriental International Ltd
15 May 2013
 



To: Business Editor For immediate release

 

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

 

MANDARIN ORIENTAL INTERNATIONAL LIMITED

Interim Management Statement

 

15th May 2013 - Mandarin Oriental International Limited has today issued its Interim Management Statement covering the period from 1st January to 14th May 2013.

 

Despite the uncertainty in global economic conditions, trading momentum was positive across the Group. The performance of the Group's Asian hotels remained robust, with both Tokyo and Bangkok benefiting from the continued recovery in visitor arrivals. In Europe, the effects of marginally softer demand in London and subdued results in Geneva in difficult market conditions were more than offset by further stabilization of the Paris hotel. In The Americas, all the Group's hotels performed well as demand increased.

 

Two new luxury hotels were added to the Group's portfolio, with Mandarin Oriental, Guangzhou opening in January, followed in April by Mandarin Oriental Pudong, Shanghai. The Group has also announced that it will manage a 130-room luxury hotel under development on the shore of the Bosphorus in Istanbul, Turkey, which is due to open in 2016. The Group now has 16 hotels under development, of which nine include Residences projects. Mandarin Oriental, Taipei, together with its associated Residences, is scheduled to open at the end of the year.

 

In February, the Group acquired the freehold rights of the building housing Mandarin Oriental, Paris and two prime retail units for €290 million (US$389 million). After accounting for this acquisition, the Group's balance sheet remains strong.

 

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's most prestigious hotels, resorts and residences. The Group now operates, or has under development, 45 hotels representing over 11,000 rooms in 27 countries, with 19 hotels in Asia, 12 in The Americas and 14 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 premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.

 

- end -

 

For further information, please contact:

 

Mandarin Oriental Hotel Group International Limited

Hamish Ross (852) 2895 9288

Sally de Souza (852) 2895 9167

 

GolinHarris

Kennes Young (852) 2501 7987

 

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
 
END
 
 
IMSFELFFXEFXBBZ
Date   Source Headline
6th Mar 20089:05 amRNSFinal Results
11th Feb 20089:41 amRNSNotice of Results
4th Jan 200810:44 amRNSDirector/PDMR Shareholding
27th Nov 200711:12 amRNSDirector/PDMR Shareholding
22nd Oct 200711:58 amRNSDirector/PDMR Shareholding
18th Oct 200711:58 amRNSDirector/PDMR Shareholding
10th Oct 200710:42 amRNSDividend
27th Sep 200712:53 pmRNSDirector/PDMR Shareholding
19th Sep 200711:38 amRNSDirector/PDMR Shareholding
14th Sep 200711:18 amRNSDirector Declaration
5th Sep 200710:20 amRNSInterim Report 2007
5th Sep 200710:10 amRNSDirector/PDMR Shareholding
4th Sep 200710:05 amRNSSyndicated Loan Facility
31st Aug 200711:53 amRNSDirector/PDMR Shareholding
30th Aug 200711:58 amRNSDirector/PDMR Shareholding
29th Aug 200712:02 pmRNSDirector/PDMR Shareholding
28th Aug 200712:08 pmRNSDirector/PDMR Shareholding
23rd Aug 200711:47 amRNSDirector/PDMR Shareholding
7th Aug 200710:05 amRNSInterim Results
20th Jul 200711:04 amRNSBermuda Takeover Code
17th Jul 200710:52 amRNSNotice of Results
17th May 200710:49 amRNSDirector Declaration
9th May 20072:07 pmRNSResult of AGM
9th May 20071:58 pmRNSResult of AGM
2nd May 200711:37 amRNSDividend
2nd May 200711:32 amRNSAnnual Information Update
20th Apr 200710:35 amRNSHolding(s) in Company
13th Apr 200710:21 amRNSAnnual Report & Notice of AGM
30th Mar 200710:14 amRNSDirector/PDMR Shareholding
16th Mar 20079:11 amRNSDirector/PDMR Shareholding
6th Mar 20079:05 amRNSFinal Results
1st Mar 20079:05 amRNSMOIL Sale Completion
9th Feb 20079:19 amRNSNotice of Results
8th Feb 20079:05 amRNSMO To Open Hotel In Paris
29th Dec 20069:33 amRNSVoting Rights and Capital
29th Dec 20069:15 amRNSTransaction in Own Shares
21st Dec 20069:28 amRNSSell Half Equity Inv in MONY
24th Nov 200610:06 amRNSDirector/PDMR Shareholding
22nd Nov 200610:19 amRNSDirector/PDMR Shareholding
22nd Nov 200610:07 amRNSDirector/PDMR Shareholding
22nd Nov 200610:06 amRNSDirector/PDMR Shareholding
22nd Nov 20069:17 amRNSDirector/PDMR Shareholding
10th Nov 200611:38 amRNSDirector/PDMR Shareholding
27th Oct 200611:38 amRNSHolding(s) in Company
27th Oct 200611:01 amRNSDirector/PDMR Shareholding
25th Sep 200611:08 amRNSDirector/PDMR Shareholding
17th Aug 200610:11 amRNSInterim Report 2006
27th Jul 200610:05 amRNSInterim Results
23rd Jun 200610:11 amRNSDirector/PDMR Shareholding
21st Jun 200612:15 pmRNSDirector/PDMR Shareholding

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.