Property News · March 31, 2020

Hong Kong hoteliers can forget about V-shaped recovery as coronavirus brings new norm to industry


The onslaught of social unrest and coronavirus pandemic have changed the travel patterns in Hong Kong, bringing along permanent changes to the hotel industry. It’s hard to see a swift rebound from this one-two punch.Visitor arrivals fell 52.7 per cent to 3.2 million in January 2020 from a year earlier, according to the latest data from the Hong Kong Tourism Board, with mainland Chinese arrivals shrinking by 54.2 per cent.The number of non-mainland visitors also declined, by 46 per cent year on…

Source : South China Morning Post
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