Belmond Ltd. (NYSE:BEL) (the "Company"), owners, part-owners or managers of 47 luxury hotel, restaurant, tourist train and river cruise properties, including two scheduled for future opening, which operate in 23 countries, today announced its results for the third quarter ended September 30, 2016. Roeland Vos, president and chief executive officer, remarked: "Results for our third quarter were strong and benefited from our heightened focus on driving top- and bottom-line growth at our existing properties. The primary drivers of our third quarter growth were Belmond Copacabana Palace in Rio de Janeiro, Brazil as a result of the 2016 Summer Olympic Games and our European hotels during their traditional high seasons in the summer. In both cases, we capitalized on periods of peak demand, driving enhanced results for the quarter while at the same time increasing awareness for the Belmond brand. At Belmond Copacabana Palace, we leveraged a full hotel and increased foot traffic to generate not only strong rooms growth but also outstanding results for our food and beverage outlets. In Europe, we used the continued strong demand for our prime Italian assets to drive even higher rates, and for the rest of our hotels in Europe, we continued to successfully stimulate incremental demand from new markets. With total adjusted EBITDA growth of 25% over the prior-year quarter on a constant currency basis, I am pleased with what we accomplished and the results we delivered. "Earlier this year, we announced the details of our strategy and our plan to double adjusted EBITDA and properties in operation by 2020. Our strategy consists of three key areas: driving organic growth, continuing to build brand awareness and expanding our global footprint. During the quarter, we made significant progress in all three areas, with our strong third quarter results illustrating our ability to drive improved results from our existing operations. With regard to the second component of our strategy, increasing brand awareness, we welcomed Arnaud Champenois as senior vice president, marketing & brand, in September. Arnaud brings over 20 years of direct experience and will be a fantastic leader and key executive in helping us accelerate our growth. We also made progress on the third focus area, footprint expansion, with the launch of the Belmond Grand Hibernian train in Ireland, our first new property to commence operations since we announced our strategic plan in June. Traveling with a full passenger load for its inaugural trip on August 30, the train has been an early success and we are looking forward to its first full operating season in 2017.