United Kingdom
United States
Asia Pacific
Mantra Group surfs the mining boom
The Mantra accommodation group has reported a strong 2011/2012 financial year across both CBD and resort markets.
Overall room revenue across the group’s Australia and New Zealand network of Peppers, Mantra and BreakFree hotels increased by 6.2% on 2011 reflecting a growth in RevPAR of 5.8% across the Group’s 22 CBD properties and 5.2% across over 85 resort properties while average daily rate (ADR) grew by 1.7%.
There was a 9% growth in EBITDA, year-on-year, to reach AUD60.6 million.
"We reached beyond our targeted EBITDA; added four new properties to our Peppers brand; and increased revenue despite reducing our room stock following strategic divestments to strengthen brand equity," said CEO, Bob East.
The impact of the continuing growth of the mining and resources sector was most prevalent in Perth which saw 32% room revenue growth from 13% occupancy and 12% rate increase.
A similar impact was felt in Brisbane – combined with a strengthening conferencing market – with 11% room revenue growth, 13% in occupancy and 3.5% rate increase; and in NT where 3.7% room revenue growth was driven by increased occupancy.
ADR growth driven by Government and corporate sector activity saw a room revenue increase of 6% in Canberra and 2% in Sydney, with Melbourne and Adelaide remaining largely static.
Mantra Group’s resort properties in Tropical North Queensland felt the positive impact of the Chinese and Asian inbound tourism reporting a 7% increase in revenue.
Peppers and Mantra properties in Cairns and Palm Cove achieved record numbers for Chinese New Year celebrations this year.
Despite often difficult trading conditions on the Gold Coast, 2% room revenue growth resulted from increased domestic leisure room nights and conference related demand in the Broadbeach precinct.
In New Zealand a 20% room revenue growth was achieved from increased occupancy and growth in rooms under management.
Ian Jarrett
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’