• Currency moves hit M&C
The strength of sterling hit reported results at Millennium & Copthorne. Revpar was down 2.4% in the first half, but was up 3.6% in constant currency terms.

Revpar in London was up 1.9%, helped by the newly acquired Chelsea Harbour hotel. The rest of Europe and Singapore delivered disappointing performances, but chairman Kwek Leng Beng remains cautiously optimistic for the full year.
Share →