Strong European performance boosts growth for Orient-Express

02 November 2006
Strong European performance boosts growth for Orient-Express

A strong performance in Europe has helped Orient-Express Hotels boost third-quarter turnover and profit.

In Europe, Orient-Express said all its hotels in the region had increased sales, with turnover up 15% to $72.6m (£38m).

Overall, the company, which owns and manages 49 hotel, restaurant, tourist train and river cruise properties around the world, saw third-quarter turnover increase 13.7% to $150.5m (£78.8m).

Pre-tax profit increased 11.3% year-on-year to $25.7m (£13.5m).

During the quarter the company added six Asian properties (formerly Pansea) to the group. The company is also chasing new properties in the USA, Brazil and Europe.

A decision on Orient's bid for the Cataratas hotel in Brazil, which is under auction, is expected before the year-end.

Profit up for Orient-Express Hotels >>

Orient-Express buys Thai hotel >>

Sea Containers pulls out of Orient-Express >>

By Chris Druce

E-mail your comments to Chris Druce]( European performance boosts growth for Orient-Express) here.

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