Dorsett Hospitality : Voluntary Disclosure - Unaudited Operational Update for the First Quarter ended 30 June 2014 (in PDF)

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(Incorporated in the Cayman Islands with limited liability) Website: http://www.dorsett.com

(Stock Code: 2266)

The board of directors (the "Board") of Dorsett Hospitality International Limited (the "Company") is pleased to announce the unaudited operational update of the Company and its subsidiaries (the "Group") for the first quarter ended 30 June 2014 in respect of the financial year ending 31 March 2015 as follows:

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* To ensure the comparability of hotels operational results, the above highlights exclude results from hotels which did not fully operate during the periods under review of both current and last financial years. The hotels being excluded comprise Dorsett Tsuen Wan, Hong Kong, Lushan Resort and Dorsett Shepherds Bush, London.

For the quarter under review, the Group's average room rate ("ARR") was maintained at the same level of the corresponding period of last financial year while the occupancy rate ("OCC") recorded a 1% point year-on-year increase. The Group's revenue per available room ("RevPAR") came in at HK$571, increased by 1% year-on-year, largely attributable to the Group's operations in Malaysia and Singapore but partially offset by the marginally weaker RevPAR of the Group's operations in Hong Kong.
For the quarter under review, the Group's operations in Hong Kong region recorded the same level of OCC as compared with the corresponding period of last financial year. The ARR declined by 1% year-on-year and as a result, RevPAR decreased marginally by 1% year-on-year.
For the quarter under review, our hotels in China continued to demonstrate improved performance with a year-on-year increase in OCC of 4% points. The ARR declined by 7% year-on-year and the RevPAR was maintained at the same level of the corresponding period of last financial year.
The Group's operations in Malaysia continued its momentum of steady growth during the quarter under review with OCC improved by 2% points year-on-year. The ARR recorded an encouraging year-on-year increase of 5% and the RevPAR was up 8% compared to the same period of last year.
Our hotel in Singapore continued to achieve improved performance for the quarter under review. OCC improved by 12% points year-on-year, ARR increased by 1% year on year and RevPAR was up 23% compared to the same period of last year.
The Company maintains a cautiously optimistic outlook on the business performance in the near term and remains upbeat on the long term business performance given its proven business model and its "China Wallet" strategy.
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This announcement is a voluntary information disclosure.
Hong Kong, 13 August 2014
By Order of the Board

President and Executive Director

As at the date of this announcement, the executive directors of the Company are Ms. CHIU, Wing Kwan Winnie and Mr. LAI, Wai Keung. The non-executive directors of the Company are Tan Sri Dato' CHIU, David, Mr. HOONG, Cheong Thard and Mr. CHAN, Chi Hing. The independent non-executive directors of the Company are Mr. SHEK, Lai Him Abraham, G.B.S., J.P., Mr. TO, Peter, Dr. LIU, Ngai Wing and Mr. ANGELINI, Giovanni.

This announcement was originally prepared in English and was subsequently translated into Chinese. In the event of any inconsistency between the two texts, the English text of this announcement shall prevail over the Chinese text.

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