[ET Net News Agency, 15 November 2019] The Hongkong and Shanghai Hotels (00045) said
The Peninsula Hotel registered an occupancy rate of 35% during the third quarter of 2019,
falling 22 percentage points year-on-year (YoY), or declining 26 percentage points
month-on-month.
Meanwhile, the Average Room Rate for the third quarter was HK$4,857, dipping 11.45% YoY.
RevPAR (total rooms revenue/rooms available for sale) was HK$1,692, falling 46.25% YoY.
The occupancy rate of its shopping arcades was 86%, just dropping 1 percentage point
YoY. The average monthly yield per available square foot was HK$164, slightly declining
1.8%. (KL)