Hongkong and Shanghai Hotels (The Peninsula)

Hotels & hospitality · 0045.HK

The Japan read

From the company's own filing for H1 2026 (Jan–Jun) · reported 2026-08-05 · the filing

JapanThe Peninsula Tokyo kept its leading market position and strong room rates despite softer overall demand to Japan. HSH gives no Tokyo revenue, but its Asia (excluding Greater China) hotel revenue slipped 4% to HK$741m against an exceptionally high base set by Tokyo a year earlier.
StoresThe board approved renovations of The Peninsula Hong Kong and The Peninsula Tokyo with an estimated budget of HK$2.1bn, and its Peninsula Merchandising shops were cut back in Japan and China.

Other callouts in the filing

SegmentHotels revenue rose 10% to HK$3,116m and hotels EBITDA 24% to HK$579m, led by Greater China (RevPAR +29%) and the US (+16%); revenue also includes HK$395m from selling two Peninsula London Residences flats.
One-offProfit attributable to shareholders was HK$23m against a HK$289m loss a year earlier; the underlying loss, which excludes property revaluations, narrowed to HK$17m from HK$216m.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

H1 2026 (Jan–Jun) · Year-to-Date

Reported 2026-08-05

RevenueHK$3.9bn+19.8%

Operating EBITDAHK$0.8bn+20.1%

Net incomeHK$0.0bn—

The Hongkong and Shanghai Hotels owns and runs The Peninsula hotels, including The Peninsula Tokyo. In January–June 2026 revenue rose 19.8% to HK$3.93bn, helped by selling two London apartments, operating EBITDA rose 20.1% to HK$772m, and it returned to a HK$23m profit after a HK$289m loss.