Mantra Group, the Australia-based hotel company, has announced plans to continue its expansion in 2015-16 financial year, with the addition of more properties and a focus on attracting more Asian guests.
In the first two months of the financial year, which started on 1 July 2015, Mantra Group has already added five new properties. Four of these were acquired as part of Mantra’s acquisition of Outrigger’s Australian portfolio, and are located in key leisure destinations in the country, including Surfers Paradise. The other is the BreakFree on Collins in Melbourne, which was acquired in July.
“In the year ahead Mantra Group is well positioned to capitalise on growth and development via asset and investment opportunities and take advantage of its strong development pipeline,” said Mantra’s CEO, Bob East.
Other areas of focus for Mantra in 2015-16 include plans to increase the number of guests from China and other Asian countries, ongoing property refurbishments and the development of new online channels, including mobile apps, social media and website optimisation.
For the year ending 30 June 2015, Mantra Group added 11 new properties to its portfolio, including its largest hotels in Melbourne, three properties in Brisbane, one in central Sydney, two in Tasmania, a second property in Bali and a new hotel in Christchurch.
The company now operates a portfolio of more than 120 hotels and resorts under its Peppers, Mantra and BreakFree brands.