Development of VANDA HOTEL: average house prices increased by 8.21% in the first quarter compared with the same period last year.

[development of VANDA HOTEL: average room price in the first quarter rose 8.21 percent year on year] VANDA HOTEL Development (00169.HK) announced its first-quarter results that the occupancy rate of all hotels was 50.6 percent, compared with 37.6 percent in the same period last year, and the average daily room rate was 514 yuan, an increase of 8.21 percent over the same period last year.