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BRIEF-Millennium & Copthorne Hotels posts Q1 total revenue of 223 mln stg
May 5, 2017 / 6:16 AM / 6 months ago

BRIEF-Millennium & Copthorne Hotels posts Q1 total revenue of 223 mln stg

May 5 (Reuters) - Millennium & Copthorne Hotels Plc:

* In constant currency, Q1 group revpar grew by 4.6% with increases in both occupancy and average room rate

* Qtrly profit before tax fell by £5m or 27.8% for period

* Group revenue improved during first three months of 2017, particularly in London and New Zealand

* Poor performance in US region especially New York, remains a concern.

* Addressing issues contributing to under-performance in US region

* Immediate focus is on US management structure, which is currently under review

* Q1 total revenue in reported currency grew 16.1 percent to £223m Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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