Oaks Hotels & Resorts Ltd net profit was down 33.3% to $9.8 million in the year to June 30, 2009, on revenue up 11.5% to $120.9 million.
- 38 properties under management
- 4,788 serviced rooms under management (12% increase over last FY)
- occupancy rate down 2.11% to 84.38 for CBD properties
- average room rate $151 for CBD properties
- new central reservations team -- I wonder what owners are being charged for this?