Hotel operator Mandarin Oriental International has reported losses of US$155.9 million for 1HFY2021, versus losses of US$435.5 million in the year earlier, as the impact of the pandemic on the travel and hospitality industry continues to hurt.

However, in a sign of tentative recovery, revenue, in the same period, was up 7% y-o-y to US$101.8 million. Revenue of the hotels under management, meanwhile, increased by 38% to US$381.8 million.

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