Operating Summary

Total portfolio RevPAR
US dollar

Constant currency
2019		
US$		

2018		 % Change
US$

202		

220		(8)526		532		(1)America

314		311		

1

Total

276		287		(4)AsiaEurope, Middle Eastand Africa

2019		
US$		

2018		 % Change
US$

205		

220		(7)565		532		

6

America

315		

311		

1

Total

283		287		(1)AsiaEurope, Middle Eastand Africa

The like-for-like RevPAR presented in the table above includes all hotels that were in the Group’s portfolio andoperating for the entire year of both 2018 and 2019. As Mandarin Oriental Hyde Park, London and Mandarin
Oriental Ritz, Madrid were both closed for part of 2018 and 2019, they have been excluded along with any newopenings or closures during the two-year period. Mandarin Oriental, Bangkok was partially closed for renovation
at the beginning of March 2019 and the hotel’s statistics have been adjusted to only include trading in January andFebruary for both years.

Group’s subsidiary hotels RevPAR
ASIA
Mandarin Oriental, Hong Kong 100% ownership

Mandarin Oriental, Tokyo 100% leasehold2019		

2018		 % Change

2019		

2018		 % Change

Available rooms

499		

501		

0

Available rooms

179		179		

0

Average occupancy (%)

61.5		

77.1		(20)

Average occupancy (%)

76.8		

78.3		(2)Average room rate (US$)

467		

RevPAR (US$)

287		488		(4)Average room rate (US$)

732		

622		

18376		(24)

RevPAR (US$)

562		

487		

15

Mandarin Oriental, Jakarta 96.9% ownership2019		

2018		 % Change

Available rooms

272		

272		

0

Average occupancy (%)

47.5		

51.3		(7)Average room rate (US$)

135		140		(4)RevPAR (US$)

64		72		(11)EUROPE, MIDDLE EAST AND AFRICAAMERICA

Mandarin Oriental Hyde Park, London 100% ownership

Mandarin Oriental, Boston 100% ownership2019		2018		 % Change

Available rooms

181

181		

0

Average occupancy (%)

65.6		

33.3		

Average room rate (US$)

1,194		784		

RevPAR (US$)

2019		

2018		 % Change

Available rooms

148

148		

0

N/A

Average occupancy (%)

67.3		

69.5		(3)

857		

N/A

Average room rate (US$)

635		

629		

1285		

N/A

RevPAR (US$)

427		437		

(2)

Mandarin Oriental Hyde Park, London closed for repairs following
a fire on 6th June 2018 and fully reopened on 15th April 2019.
Year on year comparatives are therefore not meaningful.

Mandarin Oriental, Munich 100% ownership2019		

Mandarin Oriental, Washington D.C. 94.6% ownership2018		 % Change

2019		

2018		 % Change

73		73		0

Available rooms

373

373		

0

Average occupancy (%)

78.0		

75.5		

3

Average occupancy (%)

68.7		

66.6		

3

Average room rate (US$)

886		

902		

(2)

Average room rate (US$)

332		

334		

(1)

RevPAR (US$)

691		

681		

1

RevPAR (US$)

228		

222		

3

Available rooms

Mandarin Oriental, Paris 100% ownership2019		

2018		 % Change

Available rooms

135		

138		

(2)

Average occupancy (%)

58.0		

55.1		

5

Average room rate (US$)

989		

1,088		

(9)

RevPAR (US$)

574

599		

(4)Mandarin Oriental, Geneva 92.6% ownership2019		

2018		 % Change

Available rooms

181		

181		

0

Average occupancy (%)

62.7		

63.8		

(2)

Average room rate (US$)

605		615		

(2)

RevPAR (US$)

379		392		(3)Development Portfolio

The following 18 hotels and 12 Residences at Mandarin Oriental are expected to open in the next five years.
Asia
Mandarin Oriental Qianmen, Beijing
72 courtyard suites located in a traditional hutong quarter, providing a rare opportunity to experience living in an authentic Beijing residential district,close to Tiananmen Square.

Mandarin Oriental, Makati
A 275-room hotel located within the Ayala Triangle in Manila’s central business district of Makati.

Mandarin Oriental, Nanjing
A 106-room hotel located in a premier mixed-use development on the Qinhuai River and in close proximity to historic landmarks including the Gate of China,
which forms part of one of the longest ancient city walls in the world.

Mandarin Oriental, Phuket
A 105-room beachfront resort located on the island’s west coast in picturesque Laem Singh Bay on Millionaire’s Mile, with panoramic views ofthe Andaman Sea.

Mandarin Oriental, Saigon
A 228-room hotel located in a mixed-use development in the heart of Ho Chi Minh City, and close to key landmarks.

Mandarin Oriental, Shenzhen
A 178-room hotel situated on the top of an impressive 400-metre tower with outstanding views of the city skyline and the surrounding city parks.

Europe, Middle East and Africa
The Residences by Mandarin Oriental, Barcelona
34 luxury residences housed in a 20-storey tower, with a prime location just a short walk from Mandarin Oriental, Barcelona.

Mandarin Oriental, Dubai, Sheikh Zayed RoadA 259-room hotel and 266 Residences at Mandarin Oriental located on Sheikh Zayed Road with views over downtown Dubai and direct access to the area’s
business and leisure attractions.

Mandarin Oriental Bosphorus, Istanbul
A 106-room hotel prominently located on the banks of the Bosphorus, with panoramic vistas of the famed strait, surrounding hills and the city’s historical sites.

Mandarin Oriental Etiler, Istanbul
A 158-room hotel and 251 luxurious Residences at Mandarin Oriental, located within three standalone towers in the prestigious Etiler district of Istanbul.

Mandarin Oriental Mayfair, London
A 50-room boutique hotel and 80 Residences at Mandarin Oriental located on Hanover Square in the heart of London’s Mayfair District.

Mandarin Oriental Palace, Luzern
A re-branding of the iconic Hotel Palace Luzern, currently closed for renovation. This 146-room hotel is located on the shores of Lake Lucerne with excellent
lake and mountain views.

Mandarin Oriental, Moscow
A 65-room hotel and 137 Residences at Mandarin Oriental with a prime riverfront location on the Sofiyskaya embankment in the heart of the city, directly
facing the Kremlin.

Mandarin Oriental, Muscat
A 150-room resort and 150 Residences at Mandarin Oriental located on the beach in a prime city location, with views over the Arabian Sea.

Mandarin Oriental, Tel Aviv
A 225-room hotel and 231 Residences at Mandarin Oriental with an unrivalled waterfront location overlooking one of the city’s pristine Mediterranean beaches.

America
Mandarin Oriental, Boca Raton
A 163-room hotel and 88 Residences at Mandarin Oriental as part of a mixed-use complex, surrounded by Boca Raton’s most affluent, residential
neighbourhoods and a short walk from miles of pristine beaches.

Mandarin Oriental, Dallas
A 176-room hotel and 100 Residences at Mandarin Oriental located in the exclusive Turtle Creek neighbourhood within close proximity to the central
business district and several cultural attractions.

Mandarin Oriental, Grand Cayman
A 100-room beachfront resort with 89 branded Residences at Mandarin Oriental situated on 67 acres at St James Point, on the southern shore of the island.

Mandarin Oriental, Honolulu
A luxury 125-room hotel and 99 Residences at Mandarin Oriental, located on the Hawaiian island of Oahu, in the heart of the Ala Moana District.

Mandarin Oriental Residences at 685 Fifth Avenue, New York
69 luxurious residences located on Fifth Avenue New York housed in an elegant 1920’s building on the corner of Fifth Avenue and 54th Street.
Opening dates are determined by each project’s owner/developer. All of the above projects will be managed by Mandarin Oriental Hotel Group with no equity
investment from the Group.
Room numbers reflect the latest estimate from each project’s owner/developer, and may therefore differ from the original announcements and the final
number once the project is completed.