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Express News | Nanjing business & tourism corp.,ltd.: plans to issue shares and pay cash to purchase assets. Stocks will resume trading starting tomorrow.
hk&s hotels (00045.HK): The occupancy rate of The Peninsula Hong Kong in the third quarter was 41%.
On November 5, 2024, Hk&S Hotels (00045.HK) announced that in the third quarter of 2024, the occupancy rate of Peninsula Hotel in Hong Kong was 41%, while in other Asian regions it was 58%, in the usa and europe it was 65%. The average rent for Peninsula Hotel in Hong Kong is 5,262 Hong Kong dollars, in other Asian regions is 3,303 Hong Kong dollars, in the usa and europe is 10,166 Hong Kong dollars. The average revenue per rentable guest room for Peninsula Hotel in Hong Kong is 2,144 Hong Kong dollars, in other Asian regions is 1,930 Hong Kong dollars, in the usa and europe is 6,653.
Express News | Beijing Shiji Information Technology: Currently, the cloud pos product has signed contracts with over 4,000 restaurants and hotels, and the company's goal is to reach 10,000 establishments as soon as possible.
Tourism Board: The number of visitors to Hong Kong in September increased by about 10% year-on-year, with a nearly 40% year-on-year increase in the first three quarters accumulated.
According to the Tourism Board, the number of visitors to Hong Kong in September is close to 3.1 million, an increase of about 10% year-on-year, with approximately half of them being overnight visitors. In the first three quarters of this year, the number of visitors to Hong Kong has increased by nearly 40% year-on-year, with mainland and non-mainland visitors to Hong Kong seeing respective increases of 35% and 59% year-on-year.
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.
HSBC: Upgraded h world group's target price to 33 Hong Kong dollars, with a "shareholding" rating.
JPMorgan released research reports stating that the target price of H world group-S (01179) has been raised from HK$28 to HK$33, with a 'shareholding' rating. The bank stated that it is expected that the stock price performance of the three major hotels in China will continue to be driven by factors such as market beta values and market sentiment in the next 3 to 6 months, and advised investors to pay close attention to H world group. JPMorgan stated that H world group will announce its third quarter performance by the end of November. The bank believes that consumer confidence will improve after the implementation of stimulus policies, with the average daily rate (ADR) for the next four weeks improving to remain basically flat or even showing a year-on-year increase. Therefore, they"ll shareholding.
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