
SHUNHO HOLDINGS released its 2024 annual performance, with a loss attributable to shareholders of HKD 166 million, an increase of 269.7% year-on-year

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SHUNHO HOLDINGS released its 2024 annual results, with a loss attributable to shareholders of HKD 166 million, an increase of 269.7% year-on-year. Total revenue was HKD 684 million, a year-on-year increase of 12.9%. Hotel operating costs surged by 29%, mainly due to increases in employee numbers, salaries, and cleaning costs, as well as additional operating months for the Glamour Bay Hotel and the renovated Shanghai Huamei International Hotel. The group's average hotel occupancy rate exceeded 90%, and hotel revenue increased by 14% to HKD 556 million
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