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 - First Quarter of 2017The appended unaudited operating statistics and press release contain the first quarter operating information of The Hongkong and Shanghai Hotels, Limited (the "Company"). This announcement is made pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong). The same information is dispatched to shareholders and members of the press at the Annual General Meeting of the Company held on 8 May 2017.
Shareholders and potential investors of the Company are reminded that the operating information has not been reviewed or audited by the Company's independent auditor. Shareholders and potential investors of the Company should therefore exercise caution when dealing in the securities of the Company.For and on behalf of the Board
The Hongkong and Shanghai Hotels, Limited Christobelle LiaoCompany Secretary
Hong Kong, 8 May 2017
As at the publication 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, LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00045)
Unaudited Operating Statistics - First Quarter of 2017The unaudited quarterly operating statistics of The Hongkong and Shanghai Hotels, Limited (the "Company") for the first quarter of 2017 are as follows:
THE PENINSULA HOTELSOccupancy Rate (%) | Number of rooms | Q1 2017 | Q1 2016 | Change (pp) |
Hong Kong | 300 | 76 | 71 | 5 |
Other Asia | 1,618 | 68 | 67 | 1 |
USA and Europe | 969 | 63 | 57 | 6 |
Average Room Rate (HK$) | Number of rooms | Q1 2017 | Q1 2016 | Change (%) |
Hong Kong | 300 | 4,859 | 5,017 | (3) |
Other Asia | 1,618 | 2,454 | 2,444 | 1 |
USA and Europe | 969 | 5,390 | 5,142 | 5 |
RevPAR (HK$) | Number of rooms | Q1 2017 | Q1 2016 | Change (%) |
Hong Kong | 300 | 3,684 | 3,568 | 3 |
Other Asia | 1,618 | 1,673 | 1,631 | 3 |
USA and Europe | 969 | 3,418 | 2,933 | 17 |
Occupancy Rate (%) | Q1 2017 | Q1 2016 | Change (pp) |
Residential | 92 | 94 | (2) |
Shopping Arcades | 90 | 93 | (3) |
Office | 98 | 100 | (2) |
Average Monthly Yield per available square foot (HK$) | Q1 2017 | Q1 2016 | Change (%) |
Residential | 45 | 46 | (2) |
Shopping Arcades | 173 | 188 | (8) |
Office | 57 | 56 | 2 |
The unaudited quarterly operating statistics of the Company for 2017 and 2016 are as follows:
THE PENINSULA HOTELSOccupancy Rate (%) | Number of Rooms | 2017 | 2016 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||
Hong Kong | 300 | 76 | 71 | 65 | 70 | 81 | |||
Other Asia | 1,618 | 68 | 67 | 65 | 66 | 72 | |||
USA and Europe | 969 | 63 | 57 | 72 | 80 | 75 |
Average Room Rate (HK$) | 2017 | 2016 |
Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 | |
Hong Kong | 4,859 | 5,017 4,548 4,589 5,148 |
Other Asia | 2,454 | 2,444 2,741 2,470 2,735 |
USA and Europe | 5,390 | 5,142 5,735 5,838 5,669 |
RevPAR (HK$) | 2017 | 2016 |
Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 | |
Hong Kong | 3,684 | 3,568 2,976 3,195 4,147 |
Other Asia | 1,673 | 1,631 1,790 1,636 1,957 |
USA and Europe | 3,418 | 2,933 4,136 4,658 4,243 |
Occupancy Rate (%) | 2017 | 2016 |
Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 | |
Residential | 92 | 94 95 88 89 |
Shopping Arcades | 90 | 93 96 91 92 |
Office | 98 | 100 100 100 100 |
Average Monthly Yield per available square foot (HK$) | 2017 | 2016 |
Q1 Q2 Q3 Q4 | Q1 Q2 Q3 Q4 | |
Residential | 45 | 46 47 43 43 |
Shopping Arcades | 173 | 188 183 187 180 |
Office | 57 | 56 56 57 57 |
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 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
The Hongkong and Shanghai Hotels Ltd. published this content on 08 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 May 2017 04:34:12 UTC.
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