Hongkong and Shanghai Hotels : 04 Aug 2021 - Unaudited Operating Statistics - Second Quarter of 2021

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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:

1. 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
2. RevPAR is the total rooms revenue / rooms available for sale
3. Average Room Rate is the total rooms revenue / number of rooms sold
4. Occupancy Rate is the number of rooms sold / rooms available for sale
5. RevPAR, average room rates and occupancy rates are weighted averages for the hotels in each grouping
6. 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:

1. Average Monthly Rent per square foot leased is the total rental income / area leased
2. Occupancy Rate is the area leased / area available for lease
3. 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
4. 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
5. 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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