On May 8, Ge Longhui Hotel (00045.HK) announced that in the first quarter of 2024, the occupancy rate of The Peninsula Hotel in Hong Kong was 46%, the occupancy rate in other Asian regions was 56%, and the occupancy rate in the US and Europe was 46%.
The average rent for The Peninsula Hotel in Hong Kong is HK$7,169; the average rent in other Asian regions is HK$3,420; the average rent in the US and Europe is HK$7,666.
The average rentable room revenue of The Peninsula Hotel in Hong Kong is HK$3,327; in other Asian regions, the average revenue for a rentable room is HK$1,927, and the average revenue for a rentable room in the US and Europe is HK$3,490.
Among rental properties, the first quarter residential occupancy rate was 90%, shopping mall occupancy rate was 88%, and office building occupancy rate was 86%.
Furthermore, the average monthly income per square foot of residential buildings is HK$45, the average monthly yield per square foot of shopping malls is HK$140, and the average monthly revenue per square foot of office buildings is HK$66 per square foot.