Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

THE HONGKONG AND SHANGHAI HOTELS, LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00045)

Unaudited Operating Statistics - Second Quarter of 2017

The unaudited quarterly operating statistics of The Hongkong and Shanghai Hotels, Limited (the "Company") for 2017 and 2016 are as follows:

THE PENINSULA HOTELS

Occupancy Rate (%)

Number of Rooms

(as at 30 Jun 2017)

2017

2016

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Hong Kong

300

76

70

71

65

70

81

Other Asia

1,618

68

67

67

65

66

72

USA and Europe

969

63

72

57

72

80

75

Average Room Rate (HK$)

2017

2016

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Hong Kong

4,859

4,499

5,017

4,548

4,589

5,148

Other Asia

2,454

2,808

2,444

2,741

2,470

2,735

USA and Europe

5,390

5,968

5,142

5,735

5,838

5,669

RevPAR (HK$)

2017

2016

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Hong Kong

3,684

3,132

3,568

2,976

3,195

4,147

Other Asia

1,673

1,889

1,631

1,790

1,636

1,957

USA and Europe

3,418

4,271

2,933

4,136

4,658

4,243

LEASING

Occupancy Rate (%)

2017

2016

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Residential

92

95

94

95

88

89

Shopping Arcades

90

89

93

96

91

92

Office

98

95

100

100

100

100

Average Monthly Yield

per available square foot (HK$)

2017

2016

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Residential

45

46

46

47

43

43

Shopping Arcades

173

173

188

183

187

180

Office

57

56

56

56

57

57

Notes for All Operations:

  1. All amounts are expressed in HK$

    Notes for The Peninsula Hotels:

  2. Number of rooms is the total number of guestrooms in a hotel, whether available for sale or not. Rooms available for sale is the total room inventory less rooms unavailable for an extended period of time and / or permanent house use rooms

  3. Occupancy Rate is the number of rooms sold / rooms available for sale

  4. Average Room Rate is the total rooms revenue / number of rooms sold

  5. RevPAR is the total rooms revenue / rooms available for sale

  6. Occupancy rates, average room rates and RevPAR are weighted averages for the hotels in each grouping

  7. 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:

  8. Occupancy Rate is the occupied area leased / area available for lease

  9. Average Monthly Yield per available square foot is the total rental income / area available for lease

  10. Occupancy rates are weighted averages based on the area available in each grouping

  11. The Group's most significant shopping arcades are located in The Peninsula Hotels in Hong Kong, Shanghai, Beijing, New York, as well as The Repulse Bay Complex and The Peak Tower

  12. The operating statistics do not include information for operations whose results are not material in the Group context: The Landmark, Vietnam; The Peninsula Residences, Shanghai; and 21 avenue Kléber, Paris. The operating statistics also do not include information for 1-5 Grosvenor Place, London because of the planned redevelopment

Shareholders and potential investors of the Company are reminded that the above operating information has not been reviewed or audited by the Company's independent auditor. Shareholders and potential investors of the Company should therefore exercise caution when dealing in the securities of the Company.

For and on behalf of the Board

The Hongkong and Shanghai Hotels, Limited Christobelle Liao

Company Secretary

Hong Kong, 4 August 2017

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

Non-Executive Directors

Andrew Clifford Winawer Brandler

William Elkin Mocatta

John Andrew Harry Leigh

Executive Directors

Managing Director and Chief Executive Officer

Clement King Man Kwok

Chief Operating Officer

Peter Camille Borer

Chief Financial Officer

Matthew James Lawson

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

Dr Kim Lesley Winser

The Hongkong and Shanghai Hotels Ltd. published this content on 04 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 August 2017 04:43:05 UTC.

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