Sun Hung Kai Properties, the largest developer by value in the world’s least affordable housing market, said its hotel and shopping centre businesses have been hit hard by the protests that are shaking Hong Kong to its core and deterring visitors.Occupancy rates at the company’s hotels have plunged on average by 30 to 40 per cent, with some hotels finding themselves just half full, said Raymond Kwok, chairman and managing director of the company.“Fewer customers came when a lot of Western…
Source : South China Morning Post
Read more…Sun Hung Kai’s hotel, shopping mall businesses take a drubbing as tourist numbers plunge amid Hong Kong protests















