Hong Kong the Mandarin Oriental at Taikoo Hui in Guangzhou, which The Group wholly-owns and manages (through Swire has 263 rooms and 24 serviced apartments. The Group Hotels) two hotels in Hong Kong, The Upper House, owns 50% of another non-managed hotel, The Sukhothai, a 117-room luxury hotel at Pacific Place, and EAST at HKRI Taikoo Hui in Shanghai, which has 201 rooms. Hong Kong, a 331-room hotel in Taikoo Shing. The performance of the managed and non-managed The Group has a 20% interest in each of the JW Marriott, hotels in the Chinese Mainland improved strongly after Conrad Hong Kong and Island Shangri-La hotels at the border reopening and resumption of international Pacific Place and a 26.67% interest in each of the flights with higher revenue per available room and Novotel Citygate and The Silveri Hong Kong – MGallery occupancy in the first half of 2023. in Tung Chung. U.S.A. Businesses in the managed hotels in Hong Kong EAST Miami at the Brickell City Centre development in recovered following the lifting of COVID-19 related Miami was sold to a third party in October 2021. measures, the reopening of the border and with growth It continues to be managed by Swire Hotels. of international visitors. Revenue per available room and occupancy rebounded strongly in the first half of 2023. EAST Miami and Mandarin Oriental, Miami performed well, with stable revenue per available room and Chinese Mainland occupancy. Swire Hotels manages four hotels in the Chinese Mainland, The Opposite House, a 99-room luxury hotel at Outlook Taikoo Li Sanlitun, EAST Beijing, a 365-room hotel at The outlook for the hotel businesses in Hong Kong is INDIGO in Beijing, The Temple House, a luxury property positive and the businesses are expected to further with 100 hotel rooms and 42 serviced apartments at recover with more international visitors. Hotel businesses Sino-Ocean Taikoo Li Chengdu, and The Middle House, a in the Chinese Mainland are expected to grow luxury property consisting of 111 hotel rooms and 102 throughout the year. The U.S.A. hotels are expected to serviced apartments at HKRI Taikoo Hui, Shanghai. continue to perform well. The Group owns 100% of The Opposite House, 100% of The Temple House (after the completion of the We are expanding our hotel management business, with acquisition of the remaining 35% interest in February a focus on extending our hotel brands outside Hong Kong 2023), 50% of EAST Beijing and 50% of The Middle through hotel management agreements. House. The Group owns 97% of, but does not manage, 41