Mandarin Oriental Hotel Group has confirmed plans to increase its portfolio in China over the next ten years as part of an accelerated growth strategy led by Group Chief Executive, Laurent Kleitman. Mandarin Oriental already operates 10 hotels across Greater China which is the home of the Group’s original flagship, The Mandarin, which opened in Hong Kong in 1963.
The grand opening of Mandarin Oriental Qianmen, Beijing, on 12 October marked the Group’s tenth property in Greater China, complementing the exceptional Mandarin Oriental Wangfujing in Beijing, and is the first in a longer pipeline of further developments including Tianfu in Chengdu, Hangzhou, and Nanjing with more in the pipeline.
Embodying the best of Mandarin Oriental’s legendary service, extraordinary experiences, architecture, wellness, and dining, each new and existing property is being intentionally designed and operated to cater to China’s growing domestic luxury market and increasing flow of business and leisure tourists.
Mandarin Oriental’s investment in Greater China is part of the Group’s new global strategy to double its portfolio over the next ten years by pursuing opportunities in growing luxury travel markets.
Mandarin Oriental Group Chief Executive Laurent Kleitman has recently unveiled a global growth strategy that is focused on elevating the luxury credentials of the Group, accelerating the pace of global expansion, and innovating with brand-led, guest centric experiences delivered through an enhanced operating framework that uses digital platforms and enhanced technology to facilitate greater operating efficiency. The Asia region continues to be a strong source of growth for Mandarin Oriental Hotel Group.
In its H1 2024 results the Group posted a 13% increase in combined total revenues of hotels under management in Asia, the highest of its regions, and RevPAR (revenue per available room) in Asia grew at more than double the rate of other regions.
Group Chief Executive Laurent Kleitman said: “Chinese travellers are some of the most sophisticated and discerning in the world – they continue to be among the most important customers to us as we accelerate our growth plans internationally over the next ten years. Our new strategy will ensure that we are able to offer an elevated luxury experience to our guests with unparalleled service and innovative experiences which will feel truly unique in the marketplace.”
