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Tag: surpassing

  • J&T Express Hits Record with Daily Parcel Volume Surpassing 100 Million in Q2 of 2026

    J&T Express Hits Record with Daily Parcel Volume Surpassing 100 Million in Q2 of 2026

    J&T Global Express Limited (J&T Express), a premier international logistics provider, has shared its business performance and operating statistics for the second quarter which concluded on June 30, 2026.

    Business Milestones and Growth Metrics

    The company reported that its total parcel volume for the said quarter reached a significant 9.177 billion, marking a 24.2% increase from the same period the previous year. The average daily parcel volume for the quarter also hit a milestone, surpassing 100 million which underscores a new phase in the company’s growth. Parcels delivered outside of China reached 2.966 billion, a 66.9% rise year-on-year, making up 32.3% of the total parcel volume. This represented an 8.3 percentage point increase from the same period the previous year. For the first half of the year, the company’s total parcel volume rose to 17.503 billion, a 25.1% increase year-on-year. Non-China parcels accounted for 33.6% of this, marking a 9.4 percentage point increase. The company saw robust growth overall, with Southeast Asia and other markets experiencing high growth rates, China showing steady growth, and continued improvements in the scale and operational capabilities of their global network.

    In Southeast Asia, J&T Express, as a leading express logistics provider, reported strong growth in the second quarter with parcel volumes in the region hitting 2.755 billion, a 63.2% increase year-on-year. The average daily parcel volume in the region reached 30.3 million. For the first half of the year, the regional parcel volume climbed to 5.523 billion, marking a 71.2% increase year-on-year. To continue enhancing its regional operational abilities, the company focused on network optimization and infrastructure investment. By June 30, 2026, the number of sorting centers in Southeast Asia had grown by 6 to 127 from the end of 2025, while automated sorting lines increased by 11 to 75, providing solid support for the region’s strong e-commerce and express delivery demand.

    Business Prospects and Market Positioning

    In China, J&T Express adjusted to industry shifts by proactively tweaking its strategy and continually optimizing its network structure, customer resources, and operational efficiency. For the second quarter, the parcel volume in China rose to 6.211 billion, a 10.6% increase year-on-year, with an average daily parcel volume reaching 68.2 million. In the first half of the year, automated sorting lines in China increased by 8 to 346, bolstering parcel volume growth and enhanced sorting efficiency.

    In other markets, the parcel volume for the quarter reached 211 million, a 136.5% increase year-on-year, with an average daily parcel volume of 2.3 million. The company continued to leverage e-commerce development and cross-border logistics opportunities across regions including Latin America and the Middle East. It has also deepened its partnerships with global e-commerce platforms such as TikTok, TEMU, SHEIN and AliExpress, as well as local platforms like Mercado Libre, thereby broadening its business prospects in emerging markets. To accommodate this expanding business, the number of outlets in other markets increased by about 700 to 2,700, and the number of sorting centers rose by 8 to 52 by June 30, 2026.

    J&T Express’s global reach and growth potential continue to pique the interest of capital markets. In June, the company was included as a constituent of the Hang Seng Index, joining the ranks of Hong Kong’s elite blue-chip stocks. This reflects the market’s strong belief in the company’s business resilience and long-term value. The company will persist in enhancing service quality and operational efficiency around customer needs, continue investing in infrastructure, and fortify the development of its global logistics network, laying a solid foundation for long-term and steady development.

    Questions & Answers

    What was the total parcel volume for J&T Express in the second quarter of 2026?
    The total parcel volume for J&T Express in the second quarter of 2026 was 9.177 billion.

    How has non-China parcel volume contributed to the company’s growth?
    Non-China parcel volume contributed significantly to the company’s growth, accounting for 32.3% of the total parcel volume in the second quarter of 2026 and marking a 66.9% increase year-on-year.

    What are the company’s future plans to maintain growth and resilience?
    J&T Express plans to continue improving service quality and operational efficiency around customer needs, invest in infrastructure, and strengthen the development of its global logistics network as part of its strategy for long-term and steady development.

  • Hong Kong’s Luxury Hotels Triumph in Recovery, Surpassing Pre-Pandemic Levels

    Hong Kong’s Luxury Hotels Triumph in Recovery, Surpassing Pre-Pandemic Levels

    The luxury hotel sector in Hong Kong has shown remarkable resilience, bouncing back stronger than the broader hospitality industry in the city. According to the property consultancy JLL, room rates have even surpassed those of 2018, indicating a significant rebound in demand.

    A Robust Recovery for Luxury Hotels

    JLL reports that luxury properties were the only hotel segment to return to their 2018 average daily rates by 2025, reaching HKD2,169 (US$277). This figure represents a 1% increase over rates recorded before 2019 and during the Covid-19 pandemic.

    Meanwhile, the general hotel market in Hong Kong recorded average daily rates of HKD1,263, an 8% decrease from the 2018 level. In the first quarter of this year, luxury hotels maintained their strong performance, with average daily rates rising 12.3% year-on-year to HKD2,452. In contrast, non-luxury segments posted increases between 7% to 8.7%.

    Cleavon Tan, Senior Vice-President of JLL’s Hotels and Hospitality Group in Hong Kong, notes that the luxury hotel segment’s recovery in 2025 was more robust than that of the broader hotel market. He attributes this to the combination of improved demand in conjunction with a constrained supply environment, which allowed luxury hotels to rebuild occupancy while maintaining pricing power.

    Tan suggests that Hong Kong’s hotel recovery and long-term growth prospects will depend on specific segments and assets. Luxury hotels may experience slower physical-supply growth but potentially stronger pricing power, whereas selected mid-market hotels may capture broader visitor growth if their location, product, and cost structure remain competitive.

    Demand Drives Transaction Volumes Across Asia-Pacific

    The demand for luxury hotels across the Asia-Pacific region has also significantly increased. JLL’s report noted that this surge in demand has driven transaction volumes, including sales and acquisitions, up 77% between 2017 and 2025, totalling about US$2.1 billion.

    Luxury hotel transactions accounted for almost 20% of all hotel deals in the region in 2025, a sharp increase from 8% in 2017 and surpassing the previous pre-pandemic peak of 16%.

    In Hong Kong, prime luxury hotel assets are primarily held by local conglomerates, family offices, strategic long-term owners, and high-net-worth investors, resulting in a limited supply. Recent market activity has predominantly focused on refurbishments, repositioning projects, and reopenings rather than adding new supply.

    Noteworthy developments include the 2023 return of The Regent in Hong Kong, the launch of Mondrian Hong Kong, the upcoming Andaz Hong Kong Central, and the recent reopening of The Landmark Mandarin Oriental.

    Questions & Answers

    Why are luxury hotels in Hong Kong experiencing a stronger recovery than the broader hotel market?
    The stronger recovery in the luxury hotel sector is attributed to increased demand in tandem with a constrained supply environment, enabling these establishments to increase occupancy rates while retaining their pricing power.

    What does the future look like for Hong Kong’s hotel industry?
    The long-term outlook for Hong Kong’s hotel industry will vary depending on specific segments and assets. Luxury hotels may see slower growth in physical supply but potentially stronger pricing power. In contrast, selected mid-market hotels could capture more extensive visitor growth if their location, product, and cost structure remain competitive.

    What are some notable developments in Hong Kong’s luxury hotel market?
    Significant developments in Hong Kong’s luxury hotel sector include the 2023 return of The Regent, the launch of Mondrian Hong Kong, the upcoming Andaz Hong Kong Central, and the recent reopening of The Landmark Mandarin Oriental.