{"id":112318,"date":"2019-11-13T06:00:06","date_gmt":"2019-11-12T23:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hotel-valuations-drop-vacancy-rates-soar-as-business-travellers-and-tourists-avoid-city-amid-street-protests\/"},"modified":"2019-11-13T07:03:11","modified_gmt":"2019-11-13T00:03:11","slug":"hong-kongs-hotel-valuations-drop-vacancy-rates-soar-as-business-travellers-and-tourists-avoid-city-amid-street-protests","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong\u2019s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests"},"content":{"rendered":"


\nInvestments 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 week that ended on October 27, from US$105 a year earlier, according to data by accommodation platform WebBeds. Tourists and duty-free shoppers from mainland China led the exodus, with their number of\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investments in new hotels grounded to a halt in Hong Kong, as valuations fell 10...<\/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-112318","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-tdA","jetpack-related-posts":[{"id":116597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hotels-are-down-on-their-knees-as-two-in-three-rooms-sat-empty-in-asian-hospitality-industrys-first-quarter-slump\/","url_meta":{"origin":112318,"position":0},"title":"Hong Kong\u2019s hotels are down on their knees as two in three rooms sat empty in Asian hospitality industry\u2019s first-quarter slump","date":"May 22, 2020","format":false,"excerpt":"\r Hong Kong hotels were the biggest losers in Asia\u2019s hospitality industry in the first-quarter, as travel bans and lock-down orders to contain the global coronavirus pandemic kept business travellers and tourists away, hitting the financial hub particularly hard.Average nightly room rate across all categories of hotels plunged 41.5 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-secondary-home-prices-fall-by-the-most-in-14-months-in-october-as-banks-turn-cautious-on-valuations\/","url_meta":{"origin":112318,"position":1},"title":"Hong Kong\u2019s secondary home prices fall by the most in 14 months in October as banks turn cautious on valuations","date":"November 26, 2021","format":false,"excerpt":"\r Hong Kong\u2019s lived-in home prices dropped by the most in 14 months in October after peaking in August, with buying sentiment cooling as banks become more cautious in valuating property.Prices fell 0.85 per cent to 394.8 last month, according to an index published by the Rating and Valuation Department\u2026","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":112318,"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":170682,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-strategy-for-hkic-to-prop-up-citys-office-market-seen-as-challenging\/","url_meta":{"origin":112318,"position":3},"title":"Hong Kong\u2019s strategy for HKIC to prop up city\u2019s office market seen as challenging","date":"March 3, 2026","format":false,"excerpt":"\r Hong Kong\u2019s government-backed investment fund is being redeployed to support the city\u2019s sluggish commercial property sector, signaling authorities\u2019 growing willingness to use public funds as a policy tool to steady office valuations and align real estate investment with the city\u2019s industrial ambitions. Attracting foreign institutions, however, might prove challenging.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-investors-turn-to-japans-hotels-as-funds-tourists-soar-to-record-high\/","url_meta":{"origin":112318,"position":4},"title":"Hong Kong investors turn to Japan\u2019s hotels as funds, tourists soar to record high","date":"October 6, 2024","format":false,"excerpt":"\r Japan\u2019s low interest rates and booming tourism are attracting investors like the Chiu family and Dorsett Hospitality International.\r \r Source : South China Morning Post\r Read more...Hong Kong investors turn to Japan\u2019s hotels as funds, tourists soar to record high","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158789,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-peninsula-hotels-sees-surge-in-bleisure-travellers\/","url_meta":{"origin":112318,"position":5},"title":"Hong Kong\u2019s Peninsula Hotels sees surge in \u2018bleisure\u2019 travellers","date":"August 6, 2025","format":false,"excerpt":"\r Hong Kong has welcomed a new wave of travellers combining business and leisure, who have revitalised the city\u2019s luxury hotel sector, according to Benjamin Vuchot, the executive director and CEO of Hong Kong and Shanghai Hotels (HSH), operator of The Peninsula Hotels. \u201cThe opportunity is primarily driven by business\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\/112318"}],"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=112318"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112318\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}