{"id":111564,"date":"2019-10-14T09:30:09","date_gmt":"2019-10-14T02:30:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotel-revenues-could-halve-warns-sp-as-conference-participants-tourists-give-protest-hit-hong-kong-a-miss\/"},"modified":"2019-10-14T11:35:17","modified_gmt":"2019-10-14T04:35:17","slug":"hotel-revenues-could-halve-warns-sp-as-conference-participants-tourists-give-protest-hit-hong-kong-a-miss","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotel-revenues-could-halve-warns-sp-as-conference-participants-tourists-give-protest-hit-hong-kong-a-miss\/","title":{"rendered":"Hotel revenues could halve, warns S&P, as conference participants, tourists give protest-hit Hong Kong a miss"},"content":{"rendered":"


\nHotel owners are facing the grim prospect of their revenues being halved as conferences and exhibitions have either been cancelled or postponed and tourists are choosing to staying away from Hong Kong amid escalating social unrest.The hotel segment will bear the brunt of the impact, says S&P Global Ratings.\u201cHotel owners are facing a 50 per cent drop in revenues, given August\u2019s occupancy rate fell to 66 per cent and could further drop,\u201d the ratings agency said in a recently released report.In\u2026
\n
\nSource : South China Morning Post
\nRead more…Hotel revenues could halve, warns S&P, as conference participants, tourists give protest-hit Hong Kong a miss<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hotel owners are facing the grim prospect of their revenues being halved as conferences and...<\/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-111564","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-t1q","jetpack-related-posts":[{"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":111564,"position":0},"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":76186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-hong-kong-hotels-see-greater-value-in-converting-them-into-office-complexes\/","url_meta":{"origin":111564,"position":1},"title":"Owners of Hong Kong hotels see greater value in converting them into office complexes","date":"January 10, 2018","format":false,"excerpt":"\r Hong Kong\u2019s tourism industry may be on the upswing after a three-year downturn as more tourists visit from the mainland, but this has not stopped hotel owners toying with the idea of converting them into office complexes amid strong demand and the prospect of bigger profit. The 317-room Grand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worse-to-come-for-hong-kongs-hotel-retail-sectors-warns-sun-hung-kai-properties-as-profit-takes-a-pounding-from-coronavirus-protests\/","url_meta":{"origin":111564,"position":2},"title":"Worse to come for Hong Kong\u2019s hotel, retail sectors, warns Sun Hung Kai Properties as profit takes a pounding from coronavirus, protests","date":"February 27, 2020","format":false,"excerpt":"\r Sun Hung Kai Properties, the biggest Hong Kong developer by value, warned of a bleak outlook for the hospitality and retail sectors after its hotel business took a pounding in the second half of last year.The company\u2019s hotel operating profit plummeted by HK$595 million, or 75.1 per cent, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-sees-2022-profits-tumble-92-per-cent-as-pandemic-batters-hong-kong-mainland-china-property-revenues\/","url_meta":{"origin":111564,"position":3},"title":"Wharf sees 2022 profits tumble 92 per cent as pandemic batters Hong Kong, mainland China property revenues","date":"March 9, 2023","format":false,"excerpt":"\r The developer saw every segment of its operations in Hong Kong and mainland China slow down, with net profit for the year falling 92 per cent amid what the company called \u2018weak markets\u2019 and \u2018pandemic woes\u2019.\r \r Source : South China Morning Post\r Read more...Wharf sees 2022 profits tumble\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-hong-kong-hotel-staff-may-lose-jobs-as-coronavirus-outbreak-deters-the-few-remaining-visitors-still-braving-the-citys-protest-rallies\/","url_meta":{"origin":111564,"position":4},"title":"Four in 10 Hong Kong hotel staff may lose jobs as coronavirus outbreak deters the few remaining visitors still braving the city\u2019s protest rallies","date":"February 3, 2020","format":false,"excerpt":"\r Four in 10 of Hong Kong\u2019s hotel staff may lose their jobs in the coming months, as travel restrictions against the coronavirus outbreak could become the final nail for an industry that is already struggling from shrinking tourism after nearly eight months of anti-government protests.The unemployment rate in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-mulls-sale-of-iconic-excelsior-hotel-in-hong-kong\/","url_meta":{"origin":111564,"position":5},"title":"Mandarin Oriental mulls sale of iconic Excelsior hotel in Hong Kong","date":"June 6, 2017","format":false,"excerpt":"\r Mandarin Oriental International is reviewing options for Hong Kong\u2019s iconic Excelsior hotel, including a possible sale, it said in a statement. The four-star Excelsior, which opened in 1973 on Gloucester Road opposite the Royal Hong Kong Yacht Club, is known to locals and tourists for its association with colonial\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\/111564"}],"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=111564"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}