May 2026
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Largest Accommodation Public Companies in Hong Kong
Benchmark revenue and EBITDA valuation multiples for public comps like
Galaxy Enter Group, Wharf (Holdings), Shangri-La Hotels and Resorts, SJM Holdings and HK&S Hotels.
 | Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau in Cotai, with a hotel capacity of approximately 5,564 rooms as of the end of 2024. | $4 | -1% | $19B | $17B | 2.6x | 8.7x | ||
| The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group’s trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China. | $3 | +30% | $11B | $11B | 8.1x | 15.9x | ||
| Shangri-La Asia Ltd owns and manages hotels in the People's Republic of China under the brands Shangri-La Hotels, Shangri-La Resorts, Kerry Hotels, Hotel Jen, and Traders Hotels. Other countries in which the group has its presence include Singapore, the Philippines, Malaysia, Thailand, Japan, Australia, and a few Other Countries. Besides hotel operations, the group also engaged in golf course operations in Bali, Indonesia, and wine trading in Hong Kong. Its business is organized into Hotel Properties, Hotel management and Related services, Investment Properties, and Property Development for sales. Revenues are generated from room rental, food and beverage sales, hotel management, Rental revenue from investment properties, and sales of properties. | $1 | +1% | $2B | $7B | 3.2x | 8.9x | ||
| SJM Holdings is one of six casino license holders in Macao. It operates Grand Lisboa casino in the peninsula and Grand Lisboa Palace in Cotai, as well as another three self-promoted casinos Casino Lisboa, Oceanus, and Jai Alai. In addition to these casinos, SJM also aims to acquire two of its satellite casinos L'Arc Macau and Casino Ponte 16, and convert them to self-promoted casinos by the end of 2025. | $0 | -17% | $2B | $5B | 1.5x | 12.3x | ||
| The Hongkong and Shanghai Hotels Ltd is a luxury hospitality and real estate group. It owns and operates hotel properties under the Peninsula brand located in city centres across Asia, the U.S., and Europe. The company's assets comprise a small number of ultra-luxury hotels, real estate assets, and tourism assets, including The Peak Tram-one of Hong Kong’s tourist attractions. The group's reportable segments are: Hotels, Commercial Properties, Peak Tram, Retail, and Others. Maximum revenue is generated from its Hotels segment, which includes revenue generated from operating hotels, leasing of commercial shopping arcades, and office premises located within the hotel buildings. Geographically, the group generates maximum revenue from Europe. | $1 | +11% | $1B | $3B | 3.2x | 12.7x | ||
| Median | $1 | +1% | $2B | $7B | 3.2x | 12.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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