Australia’s Mantra Group ventures into Indonesia, Thailand

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Mantra hotelQueensland-based Mantra Group, the Australian hotel operator controlled by CVC Asia Pacific Ltd., said it plans to open 20 hotels in Indonesia over the next three years and manage about the same number of properties in Thailand in six years.

Mantra Group is one of Australia and New Zealand’s largest accommodation providers with a network of over 110 hotels, resorts and retreats operating under the brands of Peppers (5-star), Mantra (4-star) and BreakFree (3-star). It either wants to sign management agreements or take minority stakes in properties, the company said.

The first Mantra resort outside Australia and New Zealand has been opened in Bali in March 2013. The group is adding more properties, among others in Jakarta, as more Australians travel to Indonesia as concerns following the 2002 Bali bombings have eased. The investment would amount to $18.4 million to buy equity stakes.

Some 934,000 Australians visited Indonesia in 2011, threefold the number of 2007, according to latest data from Indonesai’s Ministry of Tourism and Creative Economy. Australians are the third-largest visitor group to the country behind tourists from Singapore and Malaysia.

In Thailand, Mantra Group has set up a company to start expanding by 2014.

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Reading Time: 1 minute

Queensland-based Mantra Group, the Australian hotel operator controlled by CVC Asia Pacific Ltd., said it plans to open 20 hotels in Indonesia over the next three years and manage about the same number of properties in Thailand in six years.

Reading Time: 1 minute

Mantra hotelQueensland-based Mantra Group, the Australian hotel operator controlled by CVC Asia Pacific Ltd., said it plans to open 20 hotels in Indonesia over the next three years and manage about the same number of properties in Thailand in six years.

Mantra Group is one of Australia and New Zealand’s largest accommodation providers with a network of over 110 hotels, resorts and retreats operating under the brands of Peppers (5-star), Mantra (4-star) and BreakFree (3-star). It either wants to sign management agreements or take minority stakes in properties, the company said.

The first Mantra resort outside Australia and New Zealand has been opened in Bali in March 2013. The group is adding more properties, among others in Jakarta, as more Australians travel to Indonesia as concerns following the 2002 Bali bombings have eased. The investment would amount to $18.4 million to buy equity stakes.

Some 934,000 Australians visited Indonesia in 2011, threefold the number of 2007, according to latest data from Indonesai’s Ministry of Tourism and Creative Economy. Australians are the third-largest visitor group to the country behind tourists from Singapore and Malaysia.

In Thailand, Mantra Group has set up a company to start expanding by 2014.

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