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 2017The 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$) | 2017 | 2016 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Residential | 45 | 46 | 46 | 47 | 43 | 43 | ||
Shopping Arcades | 173 | 173 | 188 | 183 | 187 | 180 | ||
Office | 57 | 56 | 56 | 56 | 57 | 57 |
Notes for All Operations:
All amounts are expressed in HK$
Notes for The Peninsula Hotels:
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
Occupancy Rate is the number of rooms sold / rooms available for sale
Average Room Rate is the total rooms revenue / number of rooms sold
RevPAR is the total rooms revenue / rooms available for sale
Occupancy rates, average room rates and RevPAR are weighted averages for the hotels in each grouping
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:
Occupancy Rate is the occupied area leased / area available for lease
Average Monthly Yield per available square foot is the total rental income / area available for lease
Occupancy rates are weighted averages based on the area available in each grouping
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
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
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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