{"id":115290,"date":"2020-03-31T12:00:14","date_gmt":"2020-03-31T05:00:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-can-forget-about-v-shaped-recovery-as-coronavirus-brings-new-norm-to-industry\/"},"modified":"2020-03-31T12:12:41","modified_gmt":"2020-03-31T05:12:41","slug":"hong-kong-hoteliers-can-forget-about-v-shaped-recovery-as-coronavirus-brings-new-norm-to-industry","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-can-forget-about-v-shaped-recovery-as-coronavirus-brings-new-norm-to-industry\/","title":{"rendered":"Hong Kong hoteliers can forget about V-shaped recovery as coronavirus brings new norm to industry"},"content":{"rendered":"


\nThe 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 earlier, according to the latest data from the Hong Kong Tourism Board, with mainland Chinese arrivals shrinking by 54.2 per cent.The number of non-mainland visitors also declined, by 46 per cent year on\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong hoteliers can forget about V-shaped recovery as coronavirus brings new norm to industry<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The onslaught of social unrest and coronavirus pandemic have changed the travel patterns in Hong...<\/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-115290","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-tZw","jetpack-related-posts":[{"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":115290,"position":0},"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":118853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-cautious-about-openings-even-as-third-coronavirus-wave-eases-and-staycations-rise-during-golden-week\/","url_meta":{"origin":115290,"position":1},"title":"Hong Kong hoteliers cautious about openings even as third coronavirus wave eases and staycations rise during \u2018golden week\u2019","date":"October 7, 2020","format":false,"excerpt":"\r Hong Kong\u2019s third coronavirus wave might have eased and local demand might have risen during the recent public holiday, but the city\u2019s hotel operators are not taking any chances and remain cautious in what is still a challenging market.Some have opened their properties after delays, while others have postponed\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":115290,"position":2},"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":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":115290,"position":3},"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":115290,"position":4},"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":171350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-buyers-fuel-93-per-cent-surge-in-hong-kong-property-deal-value\/","url_meta":{"origin":115290,"position":5},"title":"Mainland Chinese buyers fuel 93 per cent surge in Hong Kong property deal value","date":"April 15, 2026","format":false,"excerpt":"\r Mainland buyers are playing an increasingly prominent role in Hong Kong\u2019s housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners. Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary\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\/115290"}],"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=115290"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115290\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}