The Peninsula Hotels' occupancy rate in the Greater China region rose to 69% last season, with RevPAR increasing by over 9%

The Peninsula Hotels (0045) announced that the occupancy rate in the Greater China region for the fourth quarter of 2024 rose to 69%, an increase of 11 percentage points year-on-year and 15 percentage points quarter-on-quarter. The average room rate was HKD 4,265, a decrease of 7.66% year-on-year and an increase of 10.61% quarter-on-quarter. RevPAR increased by 9.18% to HKD 2,937, a quarter-on-quarter increase of 41.1%. Occupancy rates in other regions: Asia 67% (up 10 percentage points), the United States 69% (up 5 percentage points), Europe 56% (up 15 percentage points). Residential occupancy rate 95% (up 5 percentage points), shopping mall 88% (up 1 percentage point), office buildings 85% (down 1 percentage point)