Outgoing Tourism Australia Chair, Bob East, who has served in the role since 2017.
Mantra Group Bob East sitting new
Mantra Group CEO Bob East

Mantra Group was today (Sep 4) announced in the ASX Top 200 Companies List, capping off a remarkable year of development and financial achievements.

The Group announced its yearly results last month which included total revenue of $498.8 million representing a 9.7% increase on FY2014; and EBITDAI of $73.1 million up 19.2% on FY2014.

A further 11 hotels were added to the Group’s network in FY2015 and a further five were added in the first two months of 2016, including the $29.5 million acquisition of the four remaining Outrigger properties in Australia. Another nine hotels are slated to join the group in the next six months with more opportunities in the pipeline.

“This inclusion in the ASX 200 places us in a wonderful position as we are now recognised within this much sought after index,” said Mantra Group CEO, Bob East.

“It shows our shareholders have faith in our business and our strategic growth plans are on track to continue. Our teams are putting on exceptional hotels and our guests are happier than ever with the added choice in our network,” he said.

Mantra Group listed on the ASX on 20 June 2014 with a debut share price of $1.80 per share. Current share price as at today is $3.30 representing an 83 per cent increase.

James Wilkinson

Editor-In-Chief, Hotel Management