Malmaison and Hotel du Vin give solid performances

By Chris Druce

- Last updated on GMT

Related tags: Hotel du vin, Economics, Business

Malmasion has delivered a solid performance
Malmasion has delivered a solid performance
Malmaison and Hotel du Vin delivered solid performances in the first months of the year, despite adverse weather and UK airport closures due to the ash cloud

Owner MWB said tight cost control within the businesses had helped deliver budgeted profit and Malmison and Hotel du Vin had both seen rate growth.

In an interim management statement the company added that average room rate for Hotel du Vin during April 2010 was £112, compared to £111 for the year ended 31 December 2009.

Average room rate for Malmaison was £101 in April, up from £99 for last year.

Eric Sanderson, group chairman of MWB, said: “There are signs of some improvement in all our markets although we remain cautious due to the UK’s current economic environment.

“I believe the quality of both our management teams and the products and services they provide will continue to help us perform positively in the current market conditions.”

Related topics: Business

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