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Operations Review

Hotel Operations & Management

The Group’s hotel operations and management business continued to deliver stable results in the financial year ended 31 March 2017 (“FY2017”). The Group reported an increase in total revenue from this segment of 3.4% from the previous financial year which was contributed by a modest increase in revenue per available room (“RevPar”) of 0.2% and appreciation of Australian Dollar (“AUD”) and New Zealand Dollar (“NZD”) of 2.3% and 5.1% respectively.

International visitor arrivals to Australia continued to increase and reached a record high at the end of 2016. This upward trend is set to continue in the financial year ending 31 March 2018 (“FY2018”). Demand for hotel rooms in Sydney and Melbourne is expected to remain strong and this will have a favourable impact of increasing room rates. However, secondary cities such as Adelaide and Brisbane will continue to experience pressure on RevPar as prevailing supply exceeds demand for hotel rooms.

SYDNEY

Stamford Plaza Sydney Airport ("SPSA")

Sir Stamford at Circular Quay ("SSCQ")

MELBOURNE

Stamford Plaza Melbourne ("SPM")

BRISBANE

Stamford Plaza Brisbane ("SPB")

ADELAIDE

Stamford Plaza Adelaide ("SPA")

Stamford Grand Adelaide ("SGA")

AUCKLAND

Stamford Plaza Auckland ("SPAK")

PROPERTY DEVELOPMENT

PROPERTY INVESTMENT

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