Mandarin Oriental reports higher underlying profit in Q1

RevPAR also rose in all regions.

Mandarin Oriental reported higher revenue per available room (RevPAR) in all regions compared to the prior year in Q1 2025.

Its management business drove higher hotel management fee income from strong hotel RevPARs, whilst owned hotels in Hong Kong generated higher profitability than Q1 2024.

In a bourse filing, the company said that this offset the absence of earnings from Paris following the property’s disposal in 2024. Overall, its underlying profit was higher than last year.

Mandarin Oriental maintains a $599.3m (US$462m) headroom in available committed debt facilities and $230.9m (US$178m) of cash reserves.

The company currently operates 43 hotels, 12 residences, and 26 homes across 26 countries and territories.