Millennium & Copthorne sees strong growth in USA and Asia during first half
Hotel group Millennium & Copthorne (M&C) has seen strong growth in the US and Asia during the first half of the year.
Revenue per available room (revpar) was up 16.6% in the USA and 20.8% in Asia, according to its interim results for the half year to June.
Overall group turnover was up 11% to £312.7m (2005: £281m), profit before tax was up 36% to £35.8m (2005: £26.3m).
Kwek Leng Beng, M&C chairman, said: "Results for the half year were strong, particularly in the New York and Singapore markets."
M&C said it had made a strong start to the second half of the year with group revpar up 9.6%.
No replacement for exiting chief executive Tony Potter has been announced yet.
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By Emily Manson
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