{"id":111046,"date":"2019-09-25T06:00:15","date_gmt":"2019-09-24T23:00:15","guid":{"rendered":"http:\/\/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\/"},"modified":"2019-09-25T08:04:21","modified_gmt":"2019-09-25T01:04:21","slug":"hong-kong-hoteliers-issue-sos-as-plunging-rates-touch-us9-a-night-and-occupancy-hits-20-per-cent-amid-protests","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong hoteliers issue SOS as plunging rates touch US$9 a night and occupancy hits 20 per cent amid protests"},"content":{"rendered":"


\nHong 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 a new low of HK$71 (US$9.06) a night, some hotels are now cheaper than subdivided flats in the city. Winland 800 Hotel in protest-hit Tsing Yi, is offering that rate on weekdays through the Wing On Travel website. It represents a\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong hoteliers issue SOS as plunging rates touch US a night and occupancy hits 20 per cent amid protests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong hotel operators have called on the government to waive rents and even allow...<\/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-111046","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-sT4","jetpack-related-posts":[{"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":111046,"position":0},"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":115983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-misery-forces-luxury-hoteliers-to-delay-1000-odd-new-rooms-with-market-at-disastrous-levels-due-to-coronavirus-and-anti-government-protests\/","url_meta":{"origin":111046,"position":1},"title":"Hong Kong misery forces luxury hoteliers to delay 1,000-odd new rooms with market at disastrous levels due to coronavirus and anti-government protests","date":"May 1, 2020","format":false,"excerpt":"\r Hong Kong\u2019s luxury hotel owners have postponed plans to add more than 1,000 new rooms to a \u201cdisastrous\u201d market still reeling from an economic slump caused by months of social unrest and the coronavirus outbreak.CK Asset Holdings has deferred the opening of its 840-room Hotel Alexandra in Fortress Hill\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110709,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kais-hotel-shopping-mall-businesses-take-a-drubbing-as-tourist-numbers-plunge-amid-hong-kong-protests\/","url_meta":{"origin":111046,"position":2},"title":"Sun Hung Kai\u2019s hotel, shopping mall businesses take a drubbing as tourist numbers plunge amid Hong Kong protests","date":"September 13, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, the largest developer by value in the world\u2019s 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\u2019s hotels have plunged on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotel-stays-in-hong-kong-to-cost-more-as-excelsiors-closure-will-tighten-supply-by-nearly-1000-rooms\/","url_meta":{"origin":111046,"position":3},"title":"Hotel stays in Hong Kong to cost more as Excelsior\u2019s closure will tighten supply by nearly 1,000 rooms","date":"October 9, 2018","format":false,"excerpt":"\r Visitors to Hong Kong could end up paying more for hotels as the closure of the iconic Excelsior Hotel next March and rising tourist arrivals are expected to drive up occupancy and room rates in Asia\u2019s fastest growing market. Overall hotel occupancy in Wan Chai and Causeway Bay will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hotel-valuations-drop-vacancy-rates-soar-as-business-travellers-and-tourists-avoid-city-amid-street-protests\/","url_meta":{"origin":111046,"position":4},"title":"Hong Kong\u2019s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests","date":"November 13, 2019","format":false,"excerpt":"\r Investments in new hotels grounded to a halt in Hong Kong, as valuations fell 10 per cent amid record vacancy rates caused by business travellers and tourists who are avoiding the city\u2019s anti-government protests.The average room rate at three-star hotels fell 46 per cent to HK$446 (US$57) for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-can-forget-about-v-shaped-recovery-as-coronavirus-brings-new-norm-to-industry\/","url_meta":{"origin":111046,"position":5},"title":"Hong Kong hoteliers can forget about V-shaped recovery as coronavirus brings new norm to industry","date":"March 31, 2020","format":false,"excerpt":"\r 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\u2019s 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\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\/111046"}],"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=111046"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111046\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}