Grand Hotel: Target Gradually Shifting Toward Optimizing Operations and Creating Value

SighingCashier · 2026-03-18T09:01:34+00:00

Grand Hotel Chief Executive Officer Hu Weicheng stated that 2025 will be an important transformation year, with the group having completed a major investment cycle and will gradually focus on optimizing operations and creating value. Plans for 2026 include flagship property upgrades and digital transformation. Regarding the Middle East situation, he emphasized preparedness for geopolitical risks, with the group's global layout able to offset business gaps in various regions.

SighingCashier

2026-03-18 09:01:34

Abstract generation in progress

The Peninsula Hotels (00045) CEO Hu Weicheng stated that 2025 is an important year for the company’s proactive transformation and progress. The group’s major investment cycle has largely been completed, with The Peninsula London and The Peninsula Istanbul opening successively, and operations gradually becoming smoother and more stable. Therefore, the management’s focus has shifted from project delivery and stabilizing business to optimizing operations and creating value. He mentioned that the investment plans for 2026 include upgrading facilities at flagship properties, digital transformation, and sustainability initiatives.

Regarding the Middle East situation, he pointed out that it is still too early to assess the impact of the current Middle East tensions on the overall tourism and hotel industry. For The Peninsula Hotels, preparations have been made to address potential geopolitical risks in today’s world. The group’s hotels are widely distributed, with 25% in the United States, 25% in Europe, and the remaining 50% in Asia. This layout is sufficient to offset regional business gaps. He said they are closely monitoring the severity of the Middle East conflict and its possible effects, paying attention to cancellations of flights in some areas.

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