HK&S HOTELS: The occupancy rate of Peninsula Hotel Hong Kong's guest rooms dropped to 38% in the second quarter
HK&S HOTELS announced that the occupancy rate of Peninsula Hotel Hong Kong's guest rooms in the second quarter of 2024 dropped to 38%. The occupancy rate of guest rooms in other Asian regions increased by 2 percentage points to 58%, while the occupancy rate of guest rooms in the United States and Europe increased by 16 percentage points to 62%. The occupancy rates of the company's residential, shopping malls, and office buildings remained flat for the quarter
According to the news from Zhitong Finance and Economics APP, HK&S HOTELS (00045) announced that in the second quarter of 2024, the average rentable room income of The Peninsula Hotel in Hong Kong was HKD 2492, a year-on-year decrease of 6.14% and a quarterly decrease of 25.1%; in other Asian regions, it was HKD 2280, a quarterly increase of 18.32%; in the United States and Europe, it was HKD 5552, a quarterly increase of 59.08%.
In the second quarter of 2024, the average rent for The Peninsula Hotel in Hong Kong was HKD 6628, an annual increase of 8.71% and a quarterly decrease of 7.55%; in other Asian regions, it was HKD 3936, a quarterly increase of 15.09%; in the United States and Europe, it was HKD 9026, a quarterly increase of 17.74%.
In the second quarter of 2024, the room occupancy rate of The Peninsula Hotel in Hong Kong was 38%, a year-on-year decrease of 6 percentage points and a quarterly decrease of 8 percentage points; the room occupancy rate in other Asian regions increased by 2 percentage points to 58% quarterly; the room occupancy rate in the United States and Europe increased by 16 percentage points to 62% quarterly.
Furthermore, in the second quarter of 2024, the occupancy rates of residential, shopping malls, and office buildings were 90%, 88%, and 86% respectively, all remaining flat quarterly
