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  • November 28, 2014
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  1. Room rates, occupancy slip at Peninsula hotels

    Posted May 14th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong and Shanghai Hotels, operator of the Peninsula luxury hotels, has felt the effects of the global economic downturn, swine flu and unrest in Thailand- all of which ... earlier. The revenue measure at the other four Peninsula hotels in Asia- Manila, Beijing, Bangkok and Tokyo- fell 30 per cent; for the four hotels in the United States, it fell 28 per cent. ...

  2. Peninsula owner eyes tourism lift after profit drop

    Posted Aug 27th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong and Shanghai Hotels, the profit-challenged owner of the luxurious Peninsula hotels, has higher hopes for the second half as the peak season for tourism and mooncakes ... dampened tourist arrivals. The industry woes were expected to linger after denting occupancy and room rates across Peninsula hotels in Hong Kong, New York, Chicago, Beverly Hills, Tokyo, Bangkok, ...

  3. Peninsula soars with high-flyers

    Posted Jul 29th 2005, 12:00am by Denise Tsang

    ... high for the rest of the year as its flagship Peninsula Hotel in Tsim Sha Tsui registered its best performance since 1997. Busier global travel and a one-off gain of $1.17 billion from the sale ... and consumer sentiment was reflected in the group's 74 per cent growth in profit before non-operating items to $285 million. The group's portfolio- seven Peninsula hotels in the United States ...

  4. Peninsula operator up 64pc

    Posted Mar 02nd 2005, 12:00am by Denise Tsang

    ... property, the Peninsula Hong Kong, reporting its highest revenue since the handover. Chief executive Clement Kwok King-man said the strong run had spilled into the first two months of this year, ... and average room rates. The Peninsula Hong Kong in Tsim Sha Tsui posted the highest annual revenue since 1997, with a jump of 20 per cent to $768 million last year, helped by the growing number ...

  5. London in cards as Peninsula eyes European foray

    Posted Nov 22nd 2004, 12:00am by Denise Tsang

    ... Denise Tsang After Shanghai and Tokyo, a new frontier opens for the hotel group The Peninsula Group is contemplating a maiden foray into Europe, with a new hotel in London a probability, ... expand through management contracts. There are presently seven Peninsula hotels- in Hong Kong, Bangkok, Beijing, Manila and the United States. In Shanghai, the group and its investment partner ...

  6. HK Hotels warns of fallout from US woes

    Posted Sep 11th 2008, 12:00am by Denise Tsang

    ... in the first six months of the year. Waning corporate travel as a result of the US credit turmoil hit the group's Peninsula Hotel in New York the hardest, with revenue per available room or yield ... that the surprises are more on the upside.' Nevertheless, Mr Kwok said the Peninsula Hotel in Beijing was affected by curbs on foreign visitors' visas and a post-Olympics supply glut and its hotel ...

  7. HK Hotels buys 20pc stake in Paris project

    Posted Jul 16th 2008, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong and Shanghai Hotels, which owns and runs the deluxe Peninsula hotel chain, has finally broken into Europe, committing itself to a Euro140 million (HK$1.74 billion) ... the French capital's tourist and business districts, for redevelopment into a Peninsula hotel. The new hotel, due for completion in mid-2012, fills a gap in the group of seven hotels scattered ...

  8. Phantom ghosts into showroom in Central

    Posted Jul 31st 2003, 12:00am by Denise Tsang

    ... passengers easier access. The car - the first new model since BMW acquired the company in 1998 - has already attracted the interest of the Peninsula hotel group. 'We are in talks with the Peninsula group about upgrading or expanding its Rolls-Royce fleet,' said Colin Kelly, Asia-Pacific regional director of Rolls-Royce Motor Cars. 'It is a big fan of Rolls-Royce.' ...

  9. HK Hotels weighs overseas targets

    Posted Jun 02nd 2005, 12:00am by Denise Tsang

    ... Peninsula hotels in key world cities. Although the group did not have a strong desire to aggressively expand its eight-strong portfolio, which comprises seven Peninsula hotels and one resort, he said the group's approach in expansion and development contrasted to the strategies of rivals. Unlike Four Seasons and Mandarin Oriental, Peninsula would play a combined role of owner ...

  10. HK Hotels core earnings better than expected

    Posted Mar 13th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong and Shanghai Hotels, the owner of the Peninsula hotels, has felt the pinch of the global tourism slump this year despite delivering a better than expected 10 per cent ... with the group's record year in 2007, the performance of the portfolio- eight Peninsula hotels and a golf course resort- was not as bad as the market had expected, according to group chief executive ...




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