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 - Third Quarter of 2020
The unaudited quarterly operating statistics of The Hongkong and Shanghai Hotels, Limited (the "Company") for 2020 and 2019 are as follows.
THE PENINSULA HOTELS
RevPAR (HK$) * | 2020 | 2019 | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||
Hong Kong | 616 | 352 | 760 | 4,164 | 3,292 | 1,692 | 1,714 | |||||
Other Asia | 1,038 | 516 | 1,048 | 1,885 | 2,134 | 1,825 | 2,400 | |||||
USA and Europe | 2,944 | 975 | 1,213 | 3,283 | 4,565 | 4,651 | 4,457 | |||||
Average Room Rate (HK$) | 2020 | 2019 | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||
Hong Kong | 4,395 | 2,804 | 2,929 | 5,989 | 5,396 | 4,857 | 4,819 | |||||
Other Asia | 2,887 | 2,456 | 2,737 | 2,604 | 2,996 | 2,607 | 3,186 | |||||
USA and Europe | 5,711 | 4,930 | 5,047 | 5,773 | 5,928 | 5,800 | 6,044 | |||||
Occupancy Rate | Number of | 2020 | 2019 | |||||||||
(%) * | Rooms | |||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||
(as at 30 Sep 2020) | ||||||||||||
Hong Kong | 300 | 14 | 13 | 26 | 70 | 61 | 35 | 36 | ||||
Other Asia | 1,500 | 36 | 21 | 38 | 72 | 71 | 70 | 75 | ||||
USA and Europe | 969 | 52 | 20 | 24 | 57 | 77 | 80 | 74 |
- From mid/end of March 2020, six of the Peninsula hotels in New York, Chicago (reopened in July 2020), Paris, Tokyo (reopened in June 2020), Bangkok and Manila 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 Yield | 2020 | 2019 | ||||||
per available square foot (HK$) | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
Residential | 48 | 47 | 44 | 48 | 49 | 47 | 48 | |
Shopping Arcades | 132 | 136 | 139 | 167 | 166 | 164 | 160 | |
Office | 64 | 66 | 65 | 63 | 62 | 62 | 63 | |
Occupancy Rate (%) | 2020 | 2019 | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
Residential | 94 | 92 | 87 | 97 | 97 | 93 | 95 | |
Shopping Arcades | 83 | 82 | 82 | 87 | 86 | 86 | 85 | |
Office | 95 | 95 | 95 | 100 | 100 | 96 | 96 | |
Note for All Operations:
1. All amounts are expressed in HK$
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 Yield per available square foot is the total rental income / area available for lease
- Occupancy Rate is the area leased / area available for lease
- Average monthly yield per available square foot 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, 3 November 2020
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 | |
James Lindsay Lewis | |
Philip Lawrence Kadoorie | |
Executive Directors | |
Managing Director and Chief Executive Officer | Independent Non-Executive Directors |
Clement King Man Kwok | Dr the Hon. Sir David Kwok Po Li |
Patrick Blackwell Paul | |
Pierre Roger Boppe | |
Dr William Kwok Lun Fung | |
Dr Rosanna Yick Ming Wong | |
Chief Operating Officer | Dr Kim Lesley Winser |
Peter Camille Borer | Ada Koon Hang Tse |
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The Hongkong and Shanghai Hotels Ltd. published this content on 03 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2020 09:29:01 UTC