Tweet
Le Manior Quat’ Saisons owner Orient-Express Hotels has seen profit climb 8% during the second quarter of the year.
In the quarter ended 30 June, the company, which has 49 hotels, restaurants, tourist trains and river cruise properties, made a net profit of $19.9m (£10.5m) on turnover of $140m (£74m), 8% up on a year ago.
However, net profit for the first half of the year was $12.2m (£6.44m) compared with $16.9m (£8.9m) in 2005. Turnover was 28% lower due to losses in the first quarter at $221.4m (£117m).
Traditionally Orient’s first quarter trading results in a loss as many of its properties are closed for the winter period.
Pansea Hotel Group buy gives Orient Express a boost >>
Orient-Express sells stake in Harry’s Bar to Birley family >>
Sea Containers pulls out of Orient-Express >>
By Chris Druce
Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.
Using foraged ingredients is nothing new but the trend has become more mainstream over the past two years. However, the wider use of foraged food in restaurants also carries a certain amount of danger.
Watch here
Best of Chef – now available online View it now
08 Feb 2012
09 Feb 2012
06 Feb 2012
03 Feb 2012
07 Feb 2012
31 Jan 2012
30 Jan 2012