The Hong Kong and Shanghai Hotels, Limited is an company principally engaged in operation of hotels. Along with subsidiaries, the Company operates its business through three segments. The Hotels segment is engaged in operating hotels, leasing of commercial shopping arcades and office premises located within the hotel buildings. The Commercial Properties segment is engaged the leasing of commercial and office premises (other than those in hotel properties) and residential apartments. It also operates food and beverage outlets in such premises. The Clubs and Services segment is engaged in the operation of golf courses, The Peak Tram, wholesaling and retailing of food and beverage products, laundry services and the provision of management and consultancy services for clubs.