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Mandarin Oriental International Limited - Mandarin Oriental Hotel ...

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STRENGTHEN OUR COMPETITIVE POSITION<br />

Europe<br />

<strong>Mandarin</strong> <strong>Oriental</strong>, Munich<br />

(100% ownership)<br />

� Room renovation impacts<br />

occupancy at 61% (77% in 2006)<br />

� Maintaining strong competitive<br />

position<br />

� Average rate at US$509 (US$481<br />

in 2006)

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