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hk&s hotels (00045.HK): The occupancy rate of The Peninsula Hong Kong in the third quarter was 41%.
Gelonghui November 5th | hk&s hotels (00045.HK) announced that in the third quarter of 2024, the rental rate of Peninsula Hotel in Hong Kong was 41%, in other Asian regions was 58%, and in the USA and Europe was 65%. The average room rent in Peninsula Hotel Hong Kong was 5,262 Hong Kong dollars, in other Asian regions was 3,303 Hong Kong dollars, and in the USA and Europe was 10,166 Hong Kong dollars. The average revenue from rentable guest rooms in Peninsula Hotel Hong Kong was 2,144 Hong Kong dollars, in other Asian regions was 1,930 Hong Kong dollars, and in the USA and Europe was 6,653.
hk&s hotels (00045.HK): Perez Garcia will be appointed as vice chairman of the board of directors.
Grand Hotel (00045.HK) announced on October 24 that the company's non-executive vice chairman Pao Lik Yin will resign as a director, with effect from December 31, 2024. Pao Lik Yin will continue to serve as a non-executive director, chairman of the finance committee, and a member of the audit committee, remuneration committee, and executive committee. The company's non-executive director Philip Goodhart will be appointed as vice chairman of the board to replace Pao Lik Yin, with effect from January 1, 2025. Philip Goodhart will also be appointed as a member of the executive committee starting January 1, 2025.
Express News | Hongkong and Shanghai Hotels Ltd - Andrew Clifford Winawer Brandler Will Resign as Deputy Chairman
HSBC raises target price of H World Group to HK$33 with a 'shareholding' rating.
JPMorgan released research reports stating that the target price of H World Group-S (01179) has been raised from 28 Hong Kong dollars to 33 Hong Kong dollars, and a "shareholding" rating is given. The bank believes that the stock price performance of the three major hotels in China is expected to be driven by factors such as market beta values and market sentiment in the next 3 to 6 months, and advises investors to pay close attention to H World Group. JPMorgan stated that H World Group will announce its third-quarter results at the end of November. The bank believes that consumer confidence will improve after the implementation of stimulus policies, and the average daily rate (ADR) for the next four weeks has improved to remain basically flat, and even recorded a year-on-year increase. Therefore, H World
Hongkong and Shanghai Hotels Appoints CEO; Shares Rise 4%
hk&s hotels (00045.HK): Benjamin Julien Arthur Vuchot has been appointed as an executive director and CEO.
Glory Times reported on October 15th that hk&s hotels (00045.HK) announced that Benjamin Julien Arthur Vuchot will succeed Ku Jingwen as the company's executive director and CEO, effective from March 3, 2025. After being appointed as the company's executive director and CEO, Mr. Vuchot will also be appointed as a member of the executive committee, finance committee, group management board, and director of several companies within the group.
Investors Shouldn't Be Too Comfortable With Hongkong and Shanghai Hotels' (HKG:45) EarningsNo Data
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