THE HONGKONG AND SHANGHAI HOTELS, LIMITED 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 2016The unaudited quarterly operating statistics of The Hongkong and Shanghai Hotels, Limited (the "Company") for the second quarter of 2016 are as follows:
THE PENINSULA HOTELS
Occupancy Rate (%) | Number of rooms | Q2 2016 | Q2 2015 | Change (pp) |
Hong Kong | 300 | 65 | 69 | (4) |
Other Asia (note 10) | 1,913 | 65 | 71 | (6) |
USA and Europe | 969 | 72 | 74 | (2) |
Average Room Rate (HK$) | Number of rooms | Q2 2016 | Q2 2015 | Change (%) |
Hong Kong | 300 | 4,548 | 4,436 | 3 |
Other Asia (note 10) | 1,913 | 2,741 | 2,283 | 20 |
USA and Europe | 969 | 5,735 | 6,052 | (5) |
RevPAR (HK$) | Number of rooms | Q2 2016 | Q2 2015 | Change (%) |
Hong Kong | 300 | 2,976 | 3,051 | (2) |
Other Asia (note 10) | 1,913 | 1,790 | 1,630 | 10 |
USA and Europe | 969 | 4,136 | 4,487 | (8) |
Occupancy Rate (%) | Q2 2016 | Q2 2015 | Change (pp) |
Residential | 95 | 94 | 1 |
Shopping Arcades | 96 | 95 | 1 |
Office | 100 | 98 | 2 |
Average Monthly Yield per available square foot (HK$) | Q2 2016 | Q2 2015 | Change (%) |
Residential | 47 | 46 | 2 |
Shopping Arcades | 183 | 203 | (10) |
Office | 56 | 53 | 6 |
The unaudited quarterly operating statistics of the Company for 2016 and 2015 are as follows:
THE PENINSULA HOTELS
Occupancy Rate (%) | Number of Rooms | 2016 | 2015 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||
Hong Kong | 300 | 71 | 65 | 75 | 69 | 71 | 78 | ||
Other Asia (note 10) | 1,913 | 67 | 65 | 68 | 71 | 67 | 72 | ||
USA and Europe | 969 | 57 | 72 | 56 | 74 | 75 | 67 | ||
Average Room Rate (HK$) | 2016 | 2015 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Hong Kong | 5,017 | 4,548 | 5,123 | 4,436 | 4,334 | 5,088 | ||
Other Asia (note 10) | 2,444 | 2,741 | 2,181 | 2,283 | 2,120 | 2,481 | ||
USA and Europe | 5,142 | 5,735 | 5,282 | 6,052 | 5,876 | 5,942 | ||
RevPAR (HK$) | 2016 | 2015 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Hong Kong | 3,568 | 2,976 | 3,832 | 3,051 | 3,062 | 3,963 | ||
Other Asia (note 10) | 1,631 | 1,790 | 1,486 | 1,630 | 1,430 | 1,796 | ||
USA and Europe | 2,933 | 4,136 | 2,980 | 4,487 | 4,422 | 3,971 | ||
Occupancy Rate (%) | 2016 | 2015 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Residential | 94 | 95 | 92 | 94 | 92 | 95 | ||
Shopping Arcades | 93 | 96 | 95 | 95 | 94 | 95 | ||
Office | 100 | 100 | 99 | 98 | 100 | 100 | ||
Average Monthly Yield per available square foot (HK$) | 2016 | 2015 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Residential | 46 | 47 | 45 | 46 | 44 | 46 | ||
Shopping Arcades | 188 | 183 | 202 | 203 | 204 | 200 | ||
Office | 56 | 56 | 54 | 53 | 55 | 55 | ||
Notes for All Operations:
pp = percentage points
( ) = the change is a decrease compared with last year
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, or saleable inventory, 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 average room rates and RevPAR include undistributed service charge, which is levied at 10% in Hong Kong and China and at 15% in Japan.
The saleable inventory in The Peninsula Beijing was reduced from Q1 of 2015 due to the major renovation undertaken by the hotel.
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 that 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.
By order of the Board
The Hongkong and Shanghai Hotels, Limited Christobelle Liao
Company Secretary
Hong Kong, 10 August 2016
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 | Ronald James McAulay |
William Elkin Mocatta | |
Executive Directors Managing Director and Chief Executive Officer Clement King Man Kwok Chief Operating Officer Peter Camille Borer | 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 | |
Chief Financial Officer Matthew James Lawson | Dr Rosanna Yick Ming Wong |
Dr Kim Lesley Winser | |
The Hongkong and Shanghai Hotels Ltd. published this content on 10 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 August 2016 05:42:01 UTC.
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