---
title: "The Peninsula Hotels' occupancy rate in the Greater China region rose to 69% last season, with RevPAR increasing by over 9%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233818523.md"
description: "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)"
datetime: "2025-03-31T05:01:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233818523.md)
  - [en](https://longbridge.com/en/news/233818523.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233818523.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/233818523.md) | [繁體中文](https://longbridge.com/zh-HK/news/233818523.md)


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

The hotel group operating The Peninsula Hotels **(0045)** announced that the occupancy rate of The Peninsula Hotels in the Greater China region for the fourth quarter of 2024 increased by 11 percentage points year-on-year to 69%, and rose by 15 percentage points quarter-on-quarter; the average room rate for the fourth quarter decreased by 7.66% year-on-year to HKD 4,265, but increased by 10.61% quarter-on-quarter; the average revenue per available room (RevPAR) for the fourth quarter increased by 9.18% year-on-year to HKD 2,937, and rose by 41.1% quarter-on-quarter.

The hotel group changed its disclosure method for the fourth quarter of 2024, shifting from previously announcing the operational data of The Peninsula in Hong Kong separately to announcing it as "Greater China," which includes The Peninsula in Hong Kong, Shanghai, and Beijing.

The occupancy rate of The Peninsula Hotels in other Asian regions for the fourth quarter was 67%, an increase of 10 percentage points year-on-year; the occupancy rate for The Peninsula in the United States for the fourth quarter was 69%, an increase of 5 percentage points year-on-year; and the occupancy rate for The Peninsula in Europe for the fourth quarter was 56%, an increase of 15 percentage points year-on-year.

In terms of rental properties, the group's residential occupancy rate for the fourth quarter was 95%, an increase of 5 percentage points year-on-year; the shopping mall occupancy rate was 88%, an increase of 1 percentage point year-on-year; and the office building occupancy rate was 85%, a decrease of 1 percentage point year-on-year

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