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THE HONGKONG AND SHANGHAI HOTELS, LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00045)
Unaudited Operating Statistics - Second Quarter of 2015
The unaudited quarterly operating statistics of The Hongkong and Shanghai Hotels, Limited
(the "Company") for the second quarter of 2015 are as follows:
THE PENINSULA HOTELS
Occupancy Rate (%) | Number of rooms | Q2 2015 | Q2 2014 | Change (pp) |
Hong Kong | 300 | 69 | 70 | (1) |
Other Asia (note 10) | 1,693 | 71 | 66 | 5 |
USA and Europe (note 11) | 968 | 74 | 81 | (7) |
Average Room Rate (HK$) | Number of rooms | Q2 2015 | Q2 2014 | Change (%) |
Hong Kong | 300 | 4,436 | 5,242 | (15) |
Other Asia (note 10) | 1,693 | 2,283 | 2,258 | 1 |
USA and Europe (note 11) | 968 | 6,052 | 5,009 | 21 |
RevPAR (HK$) | Number of rooms | Q2 2015 | Q2 2014 | Change (%) |
Hong Kong | 300 | 3,051 | 3,653 | (16) |
Other Asia (note 10) | 1,693 | 1,630 | 1,492 | 9 |
USA and Europe (note 11) | 968 | 4,487 | 4,034 | 11 |
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LEASING
Occupancy Rate (%) | Q2 2015 | Q2 2014 | Change (pp) |
Residential (note 16) | 94 | 84 | 10 |
Shopping Arcades | 95 | 98 | (3) |
Office | 98 | 98 | 0 |
Average Monthly Yield per available square foot (HK$) | Q2 2015 | Q2 2014 | Change (%) |
Residential (note 16) | 46 | 41 | 12 |
Shopping Arcades | 203 | 202 | 0 |
Office | 53 | 52 | 2 |
The unaudited quarterly operating statistics of the Company for 2015 and 2014 are as follows:
THE PENINSULA HOTELS
RoomsAverage Room Rate (HK$) | 2015 | 2014 |
Average Room Rate (HK$) | Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 |
Hong Kong | 5,123 4,436 | 5,111 5,242 4,733 5,480 |
Other Asia (note 10) | 2,181 2,283 | 2,104 2,258 1,964 2,238 |
USA and Europe (note 11) | 5,282 6,052 | 4,842 5,009 5,559 6,131 |
RevPAR (HK$) | 2015 | 2014 |
RevPAR (HK$) | Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 |
Hong Kong | 3,832 3,051 | 3,989 3,653 3,487 4,317 |
Other Asia (note 10) | 1,486 1,630 | 1,256 1,492 1,274 1,528 |
USA and Europe (note 11) | 2,980 4,487 | 3,069 4,034 4,554 4,339 |
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LEASING
Occupancy Rate (%) | 2015 | 2014 |
Occupancy Rate (%) | Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 |
Residential (note 16) | 92 94 | 84 84 86 88 |
Shopping Arcades | 95 95 | 99 98 96 98 |
Office | 99 98 | 90 98 100 100 |
Average Monthly Yield per available square foot (HK$) | 2015 | 2014 |
Average Monthly Yield per available square foot (HK$) | Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 |
Residential (note 16) | 45 46 | 41 41 42 43 |
Shopping Arcades | 202 203 | 206 202 210 207 |
Office | 54 53 | 48 52 54 55 |
Notes for All Operations:
1. pp = percentage points
2. ( ) = the change is a decrease compared with last year
3. All amounts are expressed in HK$
Notes for The Peninsula Hotels:
4. Number of rooms is the total number of guestrooms in a hotel, whether available for sale or not. Rooms available, or saleable inventory, is the total room inventory less rooms unavailable for an extended period of time and / or permanent house use rooms.
5. Occupancy Rate is the number of rooms sold / rooms available for sale.
6. Average Room Rate is the total rooms revenue / number of rooms sold.
7. RevPAR is the total rooms revenue / rooms available for sale.
8. Occupancy rates, average room rates and RevPAR are weighted averages for the hotels in each grouping.
9. The average room rates and RevPAR include undistributed service charge, which is levied at 10% in Hong Kong and at 15% in China and Japan.
10. The available inventory of The Peninsula Beijing was reduced from 525 to 305 rooms with effect from January 2015 as preparations were made for their renovation. Additionally, the second floor of the Makati Tower in The Peninsula Manila was converted to commercial area in January 2015, thereby reducing the available inventory from 497 to 469 rooms.
11. The inventory at The Peninsula New York was reduced from 239 to 235 rooms with effect from March 2015 as a result of the creation of a second Grand Suite. The Peninsula Paris, having opened on 1 August 2014 with 115 of its 200 rooms available for sale, is included in these operating statistics from Q3 of 2014. All guestrooms were subsequently available for sale from 1 December 2014.
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12. The Peninsula Hotels are located in: Hong Kong: Hong Kong
Other Asia: Shanghai, Beijing, Tokyo, Bangkok and Manila
USA and Europe: New York, Chicago, Beverly Hills and Paris
Notes for Leasing:
13. Occupancy Rate is the occupied area leased / area available for lease.
14. Average Monthly Yield per available square foot is the total rental income / area available for lease.
15. Occupancy rates are weighted averages based on the area available in each grouping.
16. Residential includes all apartments in The Repulse Bay Complex.
17. Shopping Arcades are located in The Peninsula Hotels in Hong Kong, Shanghai, Beijing, Tokyo, Bangkok, Manila, New York and Paris, as well as The Repulse Bay Complex and The Peak Tower.
18. Offices are located in The Peninsula Hong Kong and St. John's Building.
19. The operating statistics do not include information for operations that are not consolidated or whose results are not material in the Group context. These include The Landmark, Vietnam; The Peninsula Residences, Shanghai; 21 avenue Kléber, Paris; and 1-5 Grosvenor Place, London by nature of it being a proposed redevelopment.
For and on behalf of the Board
The Hongkong and Shanghai Hotels, Limited
Christobelle Liao
Company Secretary
Hong Kong, 17 August 2015
As at the date of this announcement, the Board of Directors of the Company comprises the following Directors:
Non-Executive Chairman
The Hon. Sir Michael Kadoorie
Non-Executive Deputy Chairman
Andrew Clifford Winawer Brandler
Executive Directors
Managing Director and Chief Executive Officer
Clement King Man Kwok
Chief Operating Officer
Peter Camille Borer
Chief Financial Officer
Alan Philip Clark
Non-Executive Directors Ronald James McAulay William Elkin Mocatta
John Andrew Harry Leigh
Nicholas Timothy James Colfer
Independent Non-Executive Directors
Dr. the Hon. Sir David Kwok Po Li
Patrick Blackwell Paul
Pierre Roger Boppe
Dr. William Kwok Lun Fung
Dr. Rosanna Yick Ming Wong
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