Shangri-La Asia

Hotels & hospitality · 0069.HK

The Japan read

From the company's own filing for H1 2026 (Jan–Jun) · reported 2026-08-27 · the filing

JapanRevenue at its one Japan hotel, the leased Shangri-La Tokyo, rose 2.3% to $31.6m. Occupancy fell to 72% from 77%, but the average room rate rose to $752 from $697, lifting RevPAR 1% to $545; the company cites fewer leisure travellers from the local market and Chinese Mainland.
JapanJapan hotel EBITDA rose to $10.2m from $9.5m, while its after-tax profit contribution slipped 3.8% to $5.0m. A second Japan hotel, the 77-room Shangri-La Kyoto in which the group holds 20%, is under construction with opening projected for 2026.

Other callouts in the filing

BasisShangri-La leads with EBITDA: EBITDA of the company and its subsidiaries rose 15.1% to $289.5m. Including its share of associates, effective EBITDA rose 9.6% to $404.9m, with the margin up 1.3 points to 30.6%.
SegmentHong Kong hotel revenue rose 14.5% to $181.4m as RevPAR climbed 12%; Chinese Mainland rose 4.7% to $312.0m but its hotels lost $13.7m after tax; Australia rose 21.0% to $51.3m. Singapore saw fewer long-haul visitors from the second quarter due to the Middle East conflict.
One-offProfit before non-operating items rose 74.7% to $88.9m, helped by higher EBITDA, lower net interest and foreign-exchange gains against losses a year earlier. Non-operating items netted $0.1m (2025: $7.0m), including a $5.4m hotel impairment and $3.9m of investment-property revaluation losses.
OutlookThe company says it is cautiously optimistic about the industry outlook for the second half, naming conflicts in the Middle East and extreme weather in China as near-term uncertainties. It kept the interim dividend at HK5 cents a share.

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 2026-08-27

Revenue$1.1bn+6.4%

Operating profit$0.2bn+32.3%

Net income$0.1bn+53.7%

Shangri-La Asia owns and runs Shangri-La, Kerry, JEN and Traders hotels, mostly in Asia, including the leased Shangri-La Tokyo, and is building Shangri-La Kyoto. In January–June 2026 revenue rose 6.4% to $1.12bn, operating profit 32.3% to $214m and profit attributable to shareholders 53.7% to $89.0m.