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 2021
The unaudited quarterly operating statistics of The Hongkong and Shanghai Hotels, Limited (the "Company") for 2021 and 2020 are as follows:
THE PENINSULA HOTELS
RevPAR (HK$) * | 2021 | 2020 | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||
Hong Kong | 791 | 937 | 616 | 352 | 760 | 1,173 | ||||||
Other Asia | 506 | 944 | 1,038 | 516 | 1,048 | 1,152 | ||||||
USA and Europe | 1,066 | 2,215 | 2,944 | 975 | 1,213 | 964 | ||||||
Average Room Rate (HK$) | 2021 | 2020 | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||
Hong Kong | 2,642 | 3,283 | 4,395 | 2,804 | 2,929 | 2,975 | ||||||
Other Asia | 2,549 | 2,922 | 2,887 | 2,456 | 2,737 | 3,103 | ||||||
USA and Europe | 4,784 | 5,737 | 5,711 | 4,930 | 5,047 | 5,019 | ||||||
Occupancy Rate | Number of | 2021 | 2020 | |||||||||
(%) * | Rooms | |||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||
(as at 30 Jun 2021) | ||||||||||||
Hong Kong | 300 | 30 | 29 | 14 | 13 | 26 | 39 | |||||
Other Asia | 1,500 | 20 | 32 | 36 | 21 | 38 | 37 | |||||
USA and Europe | 969 | 22 | 39 | 52 | 20 | 24 | 19 |
- From mid/end of March 2020, six of the Peninsula hotels in New York (reopened in June 2021), Chicago (reopened in July 2020), Paris (reopened in March 2021), Tokyo (reopened in June 2020), Bangkok (reopened in November 2020 and closed again in April 2021) and Manila (reopened in November 2020) were temporarily closed due to public health concerns, government advisories, travel bans and community lockdowns as a result of the COVID-19 coronavirus. RevPAR and occupancy rates of these hotels have been adjusted to reflect the reduction in room inventory during the closure periods.
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LEASING
Average Monthly Rent | 2021 | 2020 | ||||||
per square foot leased (HK$) | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
Residential | 50 | 49 | 51 | 51 | 50 | 50 | ||
Shopping Arcades | 140 | 140 | 158 | 166 | 170 | 149 | ||
Office | 68 | 61 | 67 | 69 | 69 | 68 | ||
Occupancy Rate (%) | 2021 | 2020 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Residential | 81 | 80 | 94 | 92 | 87 | 83 | ||
Shopping Arcades | 89 | 89 | 83 | 82 | 82 | 90 | ||
Office | 98 | 93 | 95 | 95 | 95 | 98 | ||
Note for All Operations:
1. All amounts are expressed in HK$
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 for sale is the total room inventory less rooms unavailable for an extended period of time and / or permanent house use rooms
- RevPAR is the total rooms revenue / rooms available for sale
- Average Room Rate is the total rooms revenue / number of rooms sold
- Occupancy Rate is the number of rooms sold / rooms available for sale
- RevPAR, average room rates and occupancy rates 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 |
Notes for Leasing:
- Average Monthly Rent per square foot leased is the total rental income / area leased
- Occupancy Rate is the area leased / area available for lease
- Average monthly rent per square foot leased are weighted averages based on the area leased in each grouping and 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 whose results are not material in the Group context: The Landmark, Vietnam; The Peninsula Residences, Shanghai; and 21 avenue Kléber, Paris
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Shareholders and potential investors of the Company are reminded that the above 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 Liao
Company Secretary
Hong Kong, 4 August 2021
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 | William Elkin Mocatta |
John Andrew Harry Leigh | |
Nicholas Timothy James Colfer | |
Executive Directors | James Lindsay Lewis |
Managing Director and Chief Executive Officer | Philip Lawrence Kadoorie |
Clement King Man Kwok | |
Independent Non-Executive Directors | |
Dr the Hon. Sir David Kwok Po Li | |
Chief Operating Officer | Patrick Blackwell Paul |
Peter Camille Borer | Pierre Roger Boppe |
Dr William Kwok Lun Fung | |
Chief Financial Officer | Dr Rosanna Yick Ming Wong |
Dr Kim Lesley Winser | |
Christopher Shih Ming Ip | |
Ada Koon Hang Tse | |
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The Hongkong and Shanghai Hotels Ltd. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 04:25:04 UTC.