Glonghui, March 6 | Yingjun (00041.HK) announced that for the full year of 2023, core business revenue was HK$7.52 billion, up 15.1% year on year; equity holders should account for core profit after tax of HK$1,888 billion, up 32.5% year on year; equity holders should account for core profit after tax of HK$2.49 per share.

As market conditions rebounded and continued to attract domestic and international tourists, the company's London hotels performed steadily. Catering revenue is mainly contributed by the catering business from corporate meetings and events.

Guest room performance in the US improved compared to last year, benefiting from a good business mix of leisure, business travel and group segments. Occupancy rates have increased at all hotels, while average rents have remained stable. Hotels in New York were the best performers of all hotels due to the strong performance of the leisure business and the fact that New York hosted many major conferences this year, which recorded a high average rent during the conference period. However, Pasadena's poor guest room performance was due to the impact of a screenwriting strike during the year, which led to a decline in film and entertainment-related businesses. Thanks to an excellent mix of retail and group businesses, the Boston Hotel's room performance has improved.