Mantra Group has added Peppers Portage and Mantra Lake Tekapo in New Zealand.
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Mantra Group’s CEO Bob East talks exclusively to HM about performance, expansion, market growth and Pat Rafter.
An increase in both room revenue and occupancy across CBD and Resort properties has resulted in a strong first quarter for Mantra Group’s Australian hotel network with a 5.6% increase in revenue to reach an EBITDA of AUD$15.4 million, a $2.8 million increase on the same period last year.
Mantra Group’s Rising Stars converged on the Gold Coast this week for some sun, surf and professional development. From Front Office Managers, Reservations Agents and Accountants to Sales Executives and Rooms Division Managers, the Rising Stars are a select group of aspiring employees who are identified as future leaders of the organisation across Australia and New Zealand.
Mantra Group’s CEO, Bob East, has confirmed the company will maintain its current ownership and shareholder structure, despite some significant offers received to purchase the business.
Hoteliers in Queensland are cheering on new flights to the Sunshine State for the third time this week, with China Southern announcing a seasonal service to Cairns and Etihad Airways increasing Brisbane to a daily operation from Abu Dhabi.
Australian-based Mantra Group has reported strong end of financial year results with a 9% growth in EBITDA (YOY) to reach $60.6 million, reflecting a successful 2011/2012 financial year across both CBD and resort markets.
Mantra Group has announced further expansion to its network of boutique Peppers Retreats and Lodges in Australia with the addition of Rundells Alpine Lodge in Victoria’s Mt Hotham ski fields.
Mantra Group has experienced a strong start to 2012 reporting a 5% increase in revenue and a 7% growth in RevPAR for the quarter (Jan-Mar) compared to the same period last year.
Tasmania’s popular Cradle Mountain Lodge has joined the Peppers Retreats and Resorts portfolio following the property’s sale to new owners Moss Capital.
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