Mandarin Oriental has announced its results overview for the year ended 31 December 2025, reflecting a year of strong operating performance, market share gains and continued strategic expansion across the portfolio.
Mandarin Oriental delivered robust revenue growth supported by sustained demand in the luxury hospitality sector and strong execution across its global portfolio. Revenue per available room (RevPAR) increased by 10 percent compared with 2024 on a like-for-like basis, driven by improvements in both average room rate and occupancy across key markets. Mandarin Oriental also achieved market share gains of three percentage points, reflecting the continued strength of its brand and the appeal of its exceptional guest experiences.
Throughout the year, Mandarin Oriental maintained its focus on delivering legendary service and exceptional experiences, while investing in the capabilities required to support its long-term growth strategy.
“2025 was a strong year for Mandarin Oriental, reflecting the clarity of our strategy and improved execution. In line with our aspiration to be the best luxury hospitality operator, we achieved a 3pt gain in market share, double-digit improvement in like-for-like RevPAR and improved profitability across the portfolio,” said Laurent Kleitman, Group Chief Executive of Mandarin Oriental.
“We maintained excellence in our service proposition that was recognised through numerous awards. At the same time, we have been making the investments in talent, capability and culture needed to deliver our ambitious long-term growth goals.”
Mandarin Oriental continued to expand its global presence in 2025 with the opening of two new hotels and the completion of three property rebrandings, bringing five new destinations into the portfolio during the year. One of these rebrandings is the historic Mandarin Oriental Lutetia Paris, the Art Nouveau style icon on the left Bank of the River Seine in Paris. As a result, Mandarin Oriental now operates 45 hotels, 15 branded residences and 36 Exceptional Homes across 28 countries and territories, reflecting the Group’s ambition to grow in culturally significant destinations while preserving the distinctive essence of each location. In 2026, the group is celebrating another significant milestone with the 150th anniversary of one of its two founding hotels, Mandarin Oriental Bangkok, originally opened in 1876, accompanied by a variety of special events throughout the year. Looking further ahead, the development pipeline remains strong, with more than 30 signed hotel and branded residences projects expected to open over the coming six years, supporting Mandarin Oriental’s strategy to scale its portfolio while maintaining its focus on exceptional quality and distinctive design.
During the year, Mandarin Oriental also achieved an important sustainability milestone, becoming the 1st hospitality group to have 100 percent of its network GSTC certified. This recognition displays the Group’s commitment to responsible hospitality practices, including reductions in single-use plastics, ethical sourcing and initiatives that support local communities in each destination.
Mandarin Oriental enters 2026 with continued momentum and a clear focus on expanding its global footprint while enhancing the experiences it offers guests. Guided by its vision of creating fans of the exceptional, every day, everywhere, the Group remains committed to delivering legendary service while investing in talent, culture and capabilities that will support its long-term growth.
We are mindful of the ongoing uncertainty in the Middle East, which continues to affect communities, markets, and supply chains across the region and beyond. Our thoughts are with those impacted. While uncertainty remains, our diversified strategy and long‑term focus give us confidence in our ability to navigate current conditions and continue building for the future.
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