Millennium & Copthorne sees strong growth in USA and Asia during first half

04 August 2006
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.

Millennium & Copthorne boss Tony Potter quits role >>

Millennium & Copthorne to open five-star hotel in Beijing >>

Millennium and Copthorne set to enter Chinese market >>

M&C sues US insurance broker over 9/11 losses >>

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking