Q4 2020 Minor International PCL Earnings Call Transcript
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growth, both year-on-year and Q-on-Q as well. The Minor Hotels performance weakened on a quarter-to-quarter basis, mainly because of our exposure in Europe, which was badly hit by the second wave where most of our hotels had to go into a lockdown or a closure as well.
The other businesses within Minor Hotels actually showed a growth on a quarter -- on a Q-on-Q basis. Our business in Australia remained robust and was profitable at EBITDA level, and we see it growing as well. The mixed-use business also turned profitable at net PAT level for Minor Hotels also. What we are seeing now, based on post-COVID, what we're seeing is with the evolution of the different vaccines, which have come and also been approved by FDA in different countries, and more importantly, the vaccination has also helped most countries with some positive news coming out of the rollout of the vaccines.
We see that more than 250 million shots have been given globally. The number of new COVID cases has been declining on the last 6 weeks. The number of new deaths
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