Shangri-La Asia, which operates 49 hotels and luxury resorts mostly across the region, said first-half earnings rose 35.4 per cent on rising room rates and sales.
For the first six months of this year, net profit jumped to US$82 million from US$60.55 million a year earlier, said the operator of the four-star Traders and five-star Shangri-La hotels controlled by the Kerry Group.
Kerry also controls the SCMP Group, which publishes the South China Morning Post.
Earnings per share rose 29 per cent to 3.241 US cents from 2.514 US cents, on a 20 per cent jump in turnover to US$469.98 million.
Across the company, room rates rose 16 per cent year on year in the first half. On a weighted-average basis, occupancy at Shangri-La's own hotels across all markets remained unchanged at 72 per cent.
'We may end the year with 19 to 20 per cent growth in rates over last year,' chief executive Giovanni Angelini said, citing the traditional seasonal strength in the second half.
The firm is growing rapidly in the mainland market, which contributed 34 per cent of both revenue and profit in the first half, up from last year's 31 per cent of turnover and 27 per cent of profit.