Hongkong & Shanghai Hotels ( (HK:0045) ) has issued an announcement.
The Hongkong and Shanghai Hotels, Limited has released its unaudited operating statistics for the fourth quarter of 2024, showing a mixed performance across its hotel and leasing operations. The Peninsula Hotels experienced varying RevPAR and occupancy rates across different regions, with notable improvements in Greater China and Europe compared to the previous year. In the leasing segment, residential occupancy rates improved significantly, while shopping arcades and office spaces maintained stable occupancy and rental rates. These results reflect the company’s ongoing recovery and strategic positioning in the luxury hospitality and real estate markets.
More about Hongkong & Shanghai Hotels
The Hongkong and Shanghai Hotels, Limited operates in the hospitality and real estate industry, primarily offering luxury hotel accommodations through its Peninsula Hotels brand. The company also engages in leasing residential, shopping arcade, and office spaces, with significant properties located in major cities such as Hong Kong, Shanghai, New York, and Paris.
YTD Price Performance: -4.39%
Average Trading Volume: 2,000
Technical Sentiment Signal: Hold
Current Market Cap: $1.27B
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