HKEX | 45
HK&S Hotels’s Peninsula Hong Kong Q1 RevPAR was down 11.7% yoy
HK&S Hotels (0045) announced its first-quarter operating data. The average room rate of Peninsula Hong Kong rose by 2% year-on-year to HKD 5989, but the occupancy rate fell by 10 percentage points to 70% year-on-year; the average room rate in other Asia region was HKD 2604, down by 3.5% year-on-year, occupancy rate rose by 2 percentage points to 72%; average room rate in the US and Europe was HKD 5773, up by 3% year-on-year, and occupancy rate fell by 6 percentage points to 57%.
In terms of RevPAR, Hong Kong recorded HKD 4165, down by 11.7% year-on-year; other Asian regions recorded HKD 1885, down by 0.84% year-on-year; the United States and Europe recorded HKD 3283, down by 6.49% year-on-year.
As for the rental property segment, the average monthly yield per available square foot of the residential properties was HKD 48, while the shopping arcade and office buildings were HKD 167 and HKD 63 respectively, up by 4.38% year-on-year, down by 2.9% and up by 6.78% accordingly. The occupancy rate of residential properties was 97%, up by 2 percentage points year-on-year; the occupancy rate of shopping malls was 87%, down 1 percentage point year-on-year; and the occupancy rate of office buildings was 100%, up by 6 percentage points year-on-year.