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An update from Hotel Royal Ltd. ( (SG:H12) ) is now available.
Hotel Royal Limited reported a significant increase in its financial performance for the year ending December 31, 2024, with room revenue rising by 16.1% and food and beverage revenue increasing by 29.9%. The company achieved an average occupancy rate of 69% across its portfolio, with specific rates of 79% in Singapore, 59% in Malaysia, and 72% in Thailand. The lower occupancy rate in Malaysia was attributed to the phased renovation of the newly launched Hotel Royal Signature in Kuala Lumpur, which is expected to stabilize in occupancy by February 2025.
More about Hotel Royal Ltd.
Hotel Royal Limited is a company incorporated in Singapore, operating in the hospitality industry. It provides accommodation and related services through its portfolio of hotels located in Singapore, Malaysia, and Thailand.
YTD Price Performance: -3.95%
Average Trading Volume: 2,626
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$205.6M
See more insights into H12 stock on TipRanks’ Stock Analysis page.