Luxury hospitality leader Mandarin Oriental International Limited has demonstrated robust performance in the first half of 2025, reporting an impressive 11% growth in combined total revenue and a 14% increase in hotel management fees, driven by strong RevPAR improvements across global markets.
The company’s strategic positioning in the luxury travel sector is evident through significant operational achievements. Hotel management performance saw a comparable EBITDA rise of 11%, with Revenue per Available Room (RevPAR) improving consistently across all regions. Notably, both Asia and EMEA markets posted 11% gains, while the Americas recorded a solid 6% increase.
Expanding its global footprint, Mandarin Oriental has strategically grown its portfolio to 44 hotels under management. Key additions include the rebranding of Mandarin Oriental Lutetia in Paris and management takeovers in prestigious destinations such as Amsterdam, Venice, and Desaru Coast in Malaysia. The company continues to execute its asset-light strategy, recently completing the disposal of its Miami property and signing an agreement to sell its Munich hotel while retaining long-term management agreements.
Despite positive operational results, the company reported a loss attributable to shareholders of US$64 million, compared to US$52 million in the previous period. This financial outcome was primarily influenced by a US$103 million revaluation loss on investment properties at One Causeway Bay in Hong Kong. However, the underlying profit attributable to shareholders increased by 6%, reaching US$24 million.
Laurent Kleitman, CEO of Mandarin Oriental Hotel Group, expressed confidence in the company’s trajectory: “We’ve made significant progress towards our long-term growth objectives. Our expanded portfolio, innovative guest recognition through our new mobile app, and strategic reinvestment in our founding properties in Hong Kong and Bangkok demonstrate our commitment to excellence.”
Looking ahead, Mandarin Oriental is poised for continued expansion in the luxury travel market. The company plans to introduce new properties in strategic destinations including Dubai, Vienna, and Madrid. Additionally, an ambitious Southeast Asian development strategy includes upcoming resorts in Bali, Bai Nom, Da Nang, the Maldives, and Setouchi.
