Hongkong and Shanghai Hotels posts H1 profit on growth in Greater China, US

Hongkong and Shanghai Hotels

05/08/2026 05:20

Overview
Hong Kong luxury hotel operator's first-half revenue from operations grew 8% yr/yr
Company returned to profitability with net income attributable to shareholders of HK$23 mln
Results driven by stronger hotel performance in Greater China and the US

Outlook
Company sees improved momentum and resilience in luxury travel sector for second half of 2026
Company expects demand to remain strongest for highly personalised, experience-led luxury travel
Company plans continued investment in assets and guest experience amid uneven macro conditions

Result Drivers
HOTELS DIVISION - Stronger hotel performance, especially in Greater China and the US, drove first-half improvement
GREATER CHINA RECOVERY - Growth in Greater China reflected higher occupancy, stronger average rates and increased overseas visitors
US AND EUROPEAN MARKETS - US hotels saw improved RevPAR and Europe benefited from market share gains and pricing discipline

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue from operations
 
HK$3.53 bln
 
H1 Net Income Attributable
 
HK$23 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)