Regal Hotels International Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects that the Group will incur a net loss of approximately HKD 1,792 million for the year ended 31 December 2023, as compared to the loss of HKD 358.3 million recorded for the preceding year. Although the Group expects to attain a gross profit from operations of approximately HKD 652 million for the year under review, the anticipated increased loss was mainly due to the substantial increase in finance costs on account of the rapid hike in the interest rates in Hong Kong, especially in the second half of 2023, the fair value losses on financial assets as well as the depreciation charges on the Group's hotel properties.