{"id":116597,"date":"2020-05-22T12:34:16","date_gmt":"2020-05-22T05:34:16","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-05-22T13:03:17","modified_gmt":"2020-05-22T06:03:17","slug":"hong-kongs-hotels-are-down-on-their-knees-as-two-in-three-rooms-sat-empty-in-asian-hospitality-industrys-first-quarter-slump","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong\u2019s hotels are down on their knees as two in three rooms sat empty in Asian hospitality industry\u2019s first-quarter slump"},"content":{"rendered":"


\nHong 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 cent in the city to HK$865 (US$111.6) during the first quarter, as an estimated two-thirds of rooms across the city sat empty, according to Colliers\u2019 Asia Hotel\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s hotels are down on their knees as two in three rooms sat empty in Asian hospitality industry\u2019s first-quarter slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong hotels were the biggest losers in Asia\u2019s hospitality industry in the first-quarter, as...<\/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-116597","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-ukB","jetpack-related-posts":[{"id":113443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hotels-target-staycations-as-the-citys-tourism-industry-endures-its-worst-slump-since-sars\/","url_meta":{"origin":116597,"position":0},"title":"Hong Kong hotels target staycations as the city\u2019s tourism industry endures its worst slump since Sars","date":"January 7, 2020","format":false,"excerpt":"\r Hong Kong\u2019s hotel operators are looking at news ways to beat seven months of downturn, including tapping the staycation market with hard to resist discount package deals.Far East Consortium International, which operates nine hotels comprising 2,867 hotel rooms in Hong Kong, is among those pursuing staycationers.\u201cWe felt the impact\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158281,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-hotel-brands-set-to-reshape-hong-kongs-hospitality-scene\/","url_meta":{"origin":116597,"position":1},"title":"Mainland Chinese hotel brands set to reshape Hong Kong\u2019s hospitality scene","date":"July 28, 2025","format":false,"excerpt":"\r Mainland Chinese hotel operators are expected to significantly increase their presence in Hong Kong\u2019s hotel industry, potentially replacing established brands in the coming years, according to analysts. Currently, Western and international operators dominate Hong Kong\u2019s hotel landscape, while Chinese ones have a minor presence. Among some of the more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-rosewood-aims-to-open-25-new-hotels-shrugging-off-recession-risk-as-pandemic-hit-sector-rebounds\/","url_meta":{"origin":116597,"position":2},"title":"Hong Kong\u2019s Rosewood aims to open 25 new hotels, shrugging off recession risk as pandemic-hit sector rebounds","date":"October 31, 2022","format":false,"excerpt":"\r The home-grown hospitality brand plans to open 25 hotels in the next eight years, even as the risk of a global recession that would crimp travel spending rises, according to its CEO.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s Rosewood aims to open 25 new hotels,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-chinachems-hotels-unit-brings-in-robots-to-beat-coronavirus-slump\/","url_meta":{"origin":116597,"position":3},"title":"Hong Kong developer Chinachem\u2019s hotels unit brings in robots to beat coronavirus slump","date":"April 8, 2020","format":false,"excerpt":"\r Hong Kong hotels operator L\u2019hotel Group has turned to robots amid a Covid-19 driven slump in the hospitality sector, with the aim of providing meals to guests and ensuring reduced interaction with staff.The company, which is wholly owned by property developer Chinachem Group, will have three artificial intelligence robots\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bts-bump-hong-kongs-hotels-set-for-bonanza-from-superstars-arirang-world-tour\/","url_meta":{"origin":116597,"position":4},"title":"BTS bump? Hong Kong\u2019s hotels set for bonanza from superstars\u2019 Arirang world tour","date":"August 12, 2026","format":false,"excerpt":"\r The arrival of BTS\u2019s world tour in Hong Kong next year is expected to be a sure-fire hit with the city\u2019s hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126946,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-real-estate-owners-seek-alternative-uses-for-retail-complexes-and-hotels-amid-tourism-slump\/","url_meta":{"origin":116597,"position":5},"title":"Hong Kong real estate owners seek alternative uses for retail complexes and hotels amid tourism slump","date":"June 7, 2022","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords and hotel owners, unable to bear the losses from an enduring tourism slump, apply to the Town Planning Board to convert their properties for alternative purposes such as cafes and housing.\r \r Source : South China Morning Post\r Read more...Hong Kong real estate owners seek\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\/116597"}],"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=116597"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}