Property News · March 27, 2020

Hong Kong airport hotel operator Regal staring at abyss as it takes a blow from coronavirus and protests


Regal Hotels International Holdings, which owns the airport hotel in Hong Kong, said that the double whammy of coronavirus outbreak and social unrest could prove disastrous for the company, as one in five rooms at its properties remains unoccupied.“Unless the further spread of the coronavirus can be promptly contained, business outlook for this year would not be optimistic,” the company said in its annual result filing to the Hong Kong stock exchange late on Thursday.Regal, chaired by property…

Source : South China Morning Post
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