Hongkong and Shanghai Hotels' Revenue Per Available Room in Greater China Flat in Q2

MT Newswires Live08-06

The Hongkong and Shanghai Hotels' (HKG:0045) second-quarter revenue per available room for its Peninsula hotels in Greater China remained largely flat year over year at HK$2,448, according to a Hong Kong bourse filing Wednesday.

RevPAR for other Asian locations rose to HK$2,821 from HK$2,218 a year earlier, while that for its US locations increased to HK$5,415 from HK$4,801, and European locations grew to HK$7,838 from HK$6,416.

Occupancy rates for its Greater China locations swelled to 63% from 56% in the year-ago period, while the rates for its other Asian locations increased to 61% from 53%.

Occupancy rates in the US grew to 72% from 69% while Europe's occupancy jumped to 62% from 53%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment