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HK&S HOTELS: Peninsula Hotel HK 3Q Avg. Room Rate Falls 20%+ YoY to $5,262
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In 3Q24, the average revenue for rooms available for sale of The Peninsula Hotels was $2,144 in Hong Kong, down 13.9% YoY, while the average room rate was $5,262, down 20.3% YoY, with an occupancy rate of 41%, up 3 ppts both YoY and QoQ, according to HK&S HOTELS (00045.HK)'s announcement. As for leasing, the average monthly rent per square foot leased for residential remained flat YoY at $46 during the period, while that for shopping arcades decreased by 1.5% YoY to $135. The average monthly rent per square foot leased for office increased by 1.5% YoY to $66. Their respective occupancy rates were 92%, 87% and 85%. AAStocks Financial News |
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