{"id":113078,"date":"2019-12-16T06:00:10","date_gmt":"2019-12-15T23:00:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-hong-kongs-largest-developer-says-situation-sars-like-with-hotels-revenue-down-by-50-per-cent\/"},"modified":"2019-12-16T07:05:29","modified_gmt":"2019-12-16T00:05:29","slug":"sun-hung-kai-properties-hong-kongs-largest-developer-says-situation-sars-like-with-hotels-revenue-down-by-50-per-cent","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-hong-kongs-largest-developer-says-situation-sars-like-with-hotels-revenue-down-by-50-per-cent\/","title":{"rendered":"Sun Hung Kai Properties, Hong Kong\u2019s largest developer, says situation \u2018Sars-like\u2019 with hotels revenue down by 50 per cent"},"content":{"rendered":"


\nSun Hung Kai Properties, Hong Kong\u2019s biggest developer by value, said revenue at its hotels division had plummeted by up to half in November and December, as the city\u2019s tourism industry struggled to stay afloat amid seven months of anti-government protests and the US-China trade war.Revenue per available room dropped in these two months by 40 per cent to 50 per cent year on year, Adam Kwok, the company\u2019s executive director, said on the sidelines of the launch of Alva Hotel by Royal in Sha Tin\u2026
\n
\nSource : South China Morning Post
\nRead more…Sun Hung Kai Properties, Hong Kong\u2019s largest developer, says situation \u2018Sars-like\u2019 with hotels revenue down by 50 per cent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by value, said revenue at its hotels...<\/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-113078","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-tpQ","jetpack-related-posts":[{"id":81195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sun-hung-kai-properties-records-36pc-interim-profit-jump\/","url_meta":{"origin":113078,"position":0},"title":"Hong Kong\u2019s Sun Hung Kai Properties records 36pc interim profit jump","date":"February 27, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s second-largest developer by market capitalisation, reported a 36.7 per cent jump in first-half underlying profits on Tuesday, driven by upward spiral in home prices and strong sales. Underlying profit, excluding revaluation gains on investment properties, climbed to HK$19.97 billion for the July to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-posts-31-2-per-cent-drop-in-interim-profit-as-it-adopts-new-accounting-standard\/","url_meta":{"origin":113078,"position":1},"title":"Sun Hung Kai Properties posts 31.2 per cent drop in interim profit as it adopts new accounting standard","date":"February 27, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by market value, reported a 31.2 per cent fall in underlying profit for the six months to December because of a change in accounting policy, it said in a filing to the Hong Kong stock exchange on Wednesday.The company said that\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":113078,"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":124076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-replaces-new-world-development-as-hong-kongs-biggest-developer-by-sales\/","url_meta":{"origin":113078,"position":3},"title":"Sun Hung Kai Properties replaces New World Development as Hong Kong\u2019s biggest developer by sales","date":"January 4, 2022","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) has replaced New World Development as the biggest seller of new homes in Hong Kong after the latter had to tear down and rebuild hundreds of flats under construction in Tai Wai.Chaired by Raymond Kwok Ping-luen, SHKP recorded sales of HK$29.65 billion (US$3.8 billion)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-hong-kongs-bellwether-developer-posts-36-jump-in-first-half-net-profit\/","url_meta":{"origin":113078,"position":4},"title":"SHKP, Hong Kong\u2019s bellwether developer, posts 36% jump in first-half net profit","date":"February 26, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s largest developer by market capitalisation, reported a 36.2 per cent year-on-year jump in first-half net profit to HK$10.25 billion (US$1.3 billion). Revenue rose 32 per cent to HK$52.7 billion for the six months ended December from a year earlier, while operating income\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-reports-57pc-increase-in-first-half-core-profit-on-strong-home-sales\/","url_meta":{"origin":113078,"position":5},"title":"Sun Hung Kai reports 57pc increase in first half core profit on strong home sales","date":"February 28, 2017","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest property developer by market capitalisation, on Tuesday reported a 57 per cent increase in first-half underlying net profit, driven by strong home sales in Hong Kong. The developer, which has a diversified portfolio of flats, retail and office space in both Hong\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\/113078"}],"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=113078"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113078\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}