于2025年12月31日，酒店组合估值为15,895百万港元，与去年大致持平，反映市场持续趋于稳定。该等 酒店于2025年最后一季的强劲营运表现，显现出明确的复苏势头。2025年除税后溢利净额为5420万港 元。撇除公平值变动的影响后，信托集团录得相关除税后溢利净额9700万港元，按年增加92.1%或4650 万港元。融资成本减少19.9%(为6410万港元)，乃推动公平值变动前股份合订单位持有人应占溢利显着 提升的主要因素。 格隆汇2月11日丨朗廷-SS(01270.HK)公布2025年度全年业绩。2025年访港旅客达4990万人次，按年上升 12.1%，其中过夜旅客占旅客总数46.5%，即约2320万人次。尽管过夜旅客人次较去年稳健增长5.7%， 但人次仍未完全恢复至疫情前水平，仅达至2018年录得的79.2%。 ...

Group 1 - The hotel industry is experiencing a strong recovery in 2023, driven by the release of pent-up demand for travel and tourism, leading to improved financial performance for major hotel companies [1][2] - Shoulv Hotel (首旅酒店) expects to turn a profit in 2023, with a projected net profit of between 770 million to 830 million yuan, representing a year-on-year increase of 1.352 billion to 1.412 billion yuan, or a growth of 232% to 243% [1] - Huazhu Group reported that its RevPAR (Revenue per Available Room) reached 122% of 2019 levels in 2023, with an ADR (Average Daily Rate) of 299 yuan, up 26.6% year-on-year [2] Group 2 - The average RevPAR is a key indicator reflecting the operational quality and profitability trends of hotels, which has shown significant improvement in 2023 [1] - The tourism industry is expected to continue its strong performance into 2024, with projections of over 6 billion domestic tourist trips and 6 trillion yuan in domestic tourism revenue [3] - Jinjiang Hotels is actively expanding its management services and partnerships to enhance long-term competitiveness and financial performance [4] Group 3 - The hotel management and operations of Lingnan Holdings are also recovering rapidly, focusing on brand expansion and capitalizing on the recovery of business and tourism markets [2] - The success of the TV drama "Blossoms" has boosted the visibility of Jinjiang Hotels' historical properties, leading to increased interest and occupancy [4] - Dongwu Securities highlights that leading hotel companies are showing cash cow attributes with continuous growth in total revenue and profitability levels [5]