Grand Hotel (00045) announced that in the fourth quarter of 2023, the Group's Hong Kong Peninsula Hotel room occupancy rate was 50%...
According to the Zhitong Finance App, Grand Hotel (00045) announced that in the fourth quarter of 2023, the Group's Hong Kong Peninsula Hotel room occupancy rate was 50%, an increase of 25 percentage points over the previous year; the average rent was HK$6,862, an increase of 46.78% over the previous year. Room occupancy rates in other Asian regions were 59%, an increase of 10 percentage points over the previous year. Room occupancy rates in the US and Europe were 54%, a decrease of 4 percentage points over the previous year.
In the third quarter of 2023, the average monthly income of residential rental properties was HK$45 per square foot, the average monthly income of shopping mall rental properties was HK$142 per square foot, and the average monthly income of office building rental properties was HK$65 per square foot per square foot.