---
title: "HK&S HOTELS (45) Last season, the room occupancy rate in the Greater China region rose to 76, CEO: The impact of the military conflict in the Middle East on flights in the region is not severe"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279747747.md"
description: "HK&S HOTELS announced its operational data for the fourth quarter of last year, with the room occupancy rate in the Greater China region rising to 76%, an increase of 7 percentage points year-on-year and 9 percentage points quarter-on-quarter. The average room rate was HKD 4,524, an increase of 6.07% year-on-year and 22.36% quarter-on-quarter. CEO Hu Weicheng stated that the military conflict in the Middle East has not significantly impacted flights, and the group will continue to advance its diversification plan through 2035, with a greater focus on joint ownership and hotel management businesses in the future"
datetime: "2026-03-19T08:29:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279747747.md)
  - [en](https://longbridge.com/en/news/279747747.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279747747.md)
---

# HK&S HOTELS (45) Last season, the room occupancy rate in the Greater China region rose to 76, CEO: The impact of the military conflict in the Middle East on flights in the region is not severe

HK&S HOTELS (0045.HK) announced its operational data for the fourth quarter of last year, during which the occupancy rate of Peninsula Hotels in the Greater China region was 76%, an increase of 7 percentage points year-on-year and 9 percentage points quarter-on-quarter. The average room rate in the Greater China region last quarter was HKD 4,524, up 6.07% year-on-year and 22.36% quarter-on-quarter; the average revenue per available room in the Greater China region was HKD 3,428, up 16.71% year-on-year and 38.39% quarter-on-quarter. In addition, the occupancy rates for residential, shopping mall, and office buildings under HK&S HOTELS during the period were 95%, 90%, and 76%, respectively.

The military conflict in the Middle East has affected international flights and tourism. CEO Eric Wu stated that it is currently difficult to draw early conclusions about the impact on the group, as it is uncertain how long and severe the conflict will last. Although there has been a reduction in flights to the region, the situation is not considered severe. Additionally, as half of the group's assets are located in Asia, this can maintain the resilience of the group's business and mitigate risks. However, he declined to disclose the hotel booking situation for Easter.

The group will continue to advance its plans through 2035, during which its assets will become more diversified, with a more balanced geographical distribution across the Asia-Pacific region, Europe, the Middle East, and the Americas. Furthermore, he believes that the group has historically been asset-heavy, with about 75% of hotels fully owned. In the future, it will increasingly promote joint ownership and hotel management businesses, potentially becoming a minority equity owner to accelerate expansion

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