Hongkong & Shanghai Hotels Reveal Q2 Performance

Hongkong & Shanghai Hotels (HK:0045) has released an update.

The Hongkong and Shanghai Hotels, Limited has released unaudited operating statistics for the second quarter of 2024, showing variable performance across their global locations. The Peninsula Hotels experienced fluctuations in RevPAR with notable increases in the USA and Europe markets, while leasing operations maintained steady average rents and occupancy rates. Key metrics such as RevPAR, average room rate, and occupancy rate for their hotels and leasing segments indicate both growth and challenges in different regions.

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