Mantra Group says significant rate and occupancy growth across its network of 114 hotels, resorts and apartments in Asia Pacific has driven a 5% increase in pre-tax profit to $63 million. The biggest increases came from Mantra’s far north Queensland properties where profit was up 38%.

CEO Bob East said Sydney was the standout CBD performer with 20% growth in Revenue per available room for the three months to June 30. Mr East said Mantra was looking to rapidly expand in Bali, where it recently opened a hotel, with plans for a further six properties there by the end of this year.

Share and Enjoy: