Sheraton Chengdu Lido Hotel (69% interest) Chengdu’s economy and tourism have recovered relatively faster than the other three cities. Its GDP in 2020 grew by 4% year-on-year, above the national growth rate. Occupancy of Sheraton Chengdu Lido Hotel increased to 78.3% in H2 2020 from 34.7% in H1 2020, driven by the recovery of domestic travel. Its NPI in H2 2020 returned almost to the same level as compared with the same period in 2019. In December 2020, there were new COVID-19 cases reported in Chengdu. Strict preventive measures were implemented again. Occupancy rate was down to 31.7% for December 2020. The hotel managed to achieve full-year positive NPI. Average occupancy rate of 2020 was 56.6% (2019: 74.3%). Average room rate per night was RMB446 (2019: RMB507). 18 HUI XIAN REAL ESTATE INVESTMENT TRUST XXX XXXXX XX XXXXXXX XXXXXXXX XXXXX
