NY demand lifts Millennium & Copthorne's 9-mth RevPAR

Bengaluru

MILLENNIUM & Copthorne Hotels (M&C), which has received a buyout offer that values it at £1.8 billion (S$3.2 billion) from shareholder City Developments, has reported higher nine-month room revenue due to strong growth in New York.

Reported revenue per available room (RevPAR) rose 11.5 per cent to £82.41 million for the nine months to Sept 30, the operator of the Millennium, Grand Millennium, Copthorne and Kingsgate hotels said.