Loading...
You are here:  Home  >  News  >  Latest News  >  Current Article

Mantra’s Ala Moana Hotel sees record growth

By   /  October 17, 2016  /  No Comments

Mantra Group’s expansion into new international markets is yielding strong results, with its latest acquisition in Hawaii recording solid growth.

    Print       Email

Mantra Group’s expansion into Hawaii yields strong results

mantra-ala-moanaThe 1100 room Ala Moana Hotel in Honolulu achieved record numbers in both occupancy and average-daily-rate over August and September, performing above the industry average in the South Pacific hotel market.

The hotel also realised double-digit revenue per available room (REVPAR) growth, which is more than double the market growth being experienced at other properties on Oahu.

Mantra Group chief executive officer Bob East said the acquisition transitioned smoothly at the end of July and is now the largest property in the Group’s portfolio.

“We could not be more pleased with the Ala Moana Hotel team and how they have adapted to Mantra Group’s processes and procedures to effectively capitalise with immediate REVPAR growth in a strong market,” he said.

“Mantra Group’s foray into the South Pacific market has been encouraging and is consistent with our strategy to expand our presence in key offshore regions, with a focus on destinations favoured by Australian travellers and other key international markets.”

    Print       Email
  • Published: 10 months ago on October 17, 2016
  • By:
  • Last Modified: October 17, 2016 @ 11:34 am
  • Filed Under: Latest News

About the author





Notice: WP_Query was called with an argument that is deprecated since version 3.1.0! caller_get_posts is deprecated. Use ignore_sticky_posts instead. in /websites/ci/cimmagazine.com/wp-includes/functions.php on line 4023

You might also like...

$2m campaign to fill Perth hotel rooms

Read More →