{"id":108008,"date":"2019-06-12T07:30:06","date_gmt":"2019-06-12T00:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotels-brace-for-pain-of-worsening-us-china-trade-war-pain-as-consumers-likely-to-cut-non-essential-spending\/"},"modified":"2019-06-12T08:03:38","modified_gmt":"2019-06-12T01:03:38","slug":"hotels-brace-for-pain-of-worsening-us-china-trade-war-pain-as-consumers-likely-to-cut-non-essential-spending","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotels-brace-for-pain-of-worsening-us-china-trade-war-pain-as-consumers-likely-to-cut-non-essential-spending\/","title":{"rendered":"Hotels brace for pain of worsening US-China trade war pain as consumers likely to cut non-essential spending"},"content":{"rendered":"


\nHotel occupancy rates and \u00adrevenues in Asia-Pacific fell in the first quarter as the worsening \u00adUS-China trade war dented consumer confidence, according to a report by property agency Colliers International. Revenue per available room, a key measure of hotel performance, dropped 7.2 per cent year on year in the first three months while overall occupancy rates \u00addecreased to 67.4 per cent, the report found. \u201cIt is evident that the recent \u00adescalation in the trade dispute and the political\u2026
\n
\nSource : South China Morning Post
\nRead more…Hotels brace for pain of worsening US-China trade war pain as consumers likely to cut non-essential spending<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hotel occupancy rates and \u00adrevenues in Asia-Pacific fell in the first quarter as the worsening...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108008","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-s64","jetpack-related-posts":[{"id":107707,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worsening-us-china-trade-war-hits-hong-kongs-office-rental-market-as-companies-put-expansion-plans-on-hold\/","url_meta":{"origin":108008,"position":0},"title":"Worsening US-China trade war hits Hong Kong\u2019s office rental market as companies put expansion plans on hold","date":"June 2, 2019","format":false,"excerpt":"\r The worsening US-China trade war, which continues to depress stock markets and the economy, is affecting Hong Kong\u2019s office leasing market, as a growing number of companies are holding back their expansion or relocation plans, say market observers.Hedge funds, asset management companies and foreign trading firms are taking a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148415,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-brace-for-worrying-trends-as-lodging-tax-us-trade-war-dent-tourism\/","url_meta":{"origin":108008,"position":1},"title":"Hong Kong hoteliers brace for \u2018worrying\u2019 trends as lodging tax, US trade war dent tourism","date":"December 8, 2024","format":false,"excerpt":"\r A 3 per cent tax on hotel guests on January 1 and looming troubles from the Trump presidency could undermine the city\u2019s tourism sector.\r \r Source : South China Morning Post\r Read more...Hong Kong hoteliers brace for \u2018worrying\u2019 trends as lodging tax, US trade war dent tourism","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118383,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-hotels-which-runs-the-conrad-hong-kong-posts-loss-as-occupancy-rate-falls-to-a-third-amid-coronavirus\/","url_meta":{"origin":108008,"position":2},"title":"Sino Hotels, which runs the Conrad Hong Kong, posts loss as occupancy rate falls to a third amid coronavirus","date":"August 26, 2020","format":false,"excerpt":"\r Billionaire Robert Ng Chee Siong said his hotels saw their occupancy rates fall to as low as a third as Hong Kong\u2019s hotel industry was hit by a huge drop in tourist arrivals amid the outbreak of Covid-19.Average occupancy rates at the tycoon\u2019s Sino Hotels (Holdings), which operates three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kai-tak-runway-parcel-tender-receives-muted-response-even-after-valuation-is-cut-by-15-per-cent\/","url_meta":{"origin":108008,"position":3},"title":"Kai Tak runway parcel tender receives muted response even after valuation is cut by 15 per cent","date":"November 8, 2019","format":false,"excerpt":"\r The tender for a sea-facing parcel on the runway of Hong Kong\u2019s former airport received only four bids even after its valuation was cut by 15 per cent to reflect the worsening state of the city\u2019s economy after five months of social unrest, US-China trade war and looming vacancy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-issue-sos-as-plunging-rates-touch-us9-a-night-and-occupancy-hits-20-per-cent-amid-protests\/","url_meta":{"origin":108008,"position":4},"title":"Hong Kong hoteliers issue SOS as plunging rates touch US$9 a night and occupancy hits 20 per cent amid protests","date":"September 25, 2019","format":false,"excerpt":"\r Hong Kong hotel operators have called on the government to waive rents and even allow properties to offer empty rooms on long-term leases, or for sale, as a way of survival amid a steep decline in occupancy and rates brought on by 16 weeks of protests in the city.At\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113082,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-in-hong-kongs-industrial-buildings-falls-by-half-as-protests-us-china-trade-war-dampen-sentiment\/","url_meta":{"origin":108008,"position":5},"title":"Investment in Hong Kong\u2019s industrial buildings falls by half as protests, US-China trade war dampen sentiment","date":"December 16, 2019","format":false,"excerpt":"\r Investment in Hong Kong\u2019s logistics and industrial property declined by more than half in the third quarter of the year, as a period of worsening social unrest crimped domestic consumption and dampened sentiment.Data from Real Capital Analytics, which tracks deals worth at least US$10 million, show that investment in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108008"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=108008"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108008\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}