Property News · March 6, 2018

More hotels in Hong Kong convert to co-living spaces as they look to improve rental yield


An increasing number of hotels in Hong Kong’s non-core tourist areas are toying with the idea of converting their properties to co-living spaces as they face challenges from the changing travel pattern of young professionals and a drop in mainland tourists, say industry experts.
“Hotels converting to co-living use can become a trend,” said Alvin Leung, associate director of valuation advisory services at JLL.
Hong Kong budget hotels move into co-living space, as cheaper…

Source : South China Morning Post
Read more…More hotels in Hong Kong convert to co-living spaces as they look to improve rental yield

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