{"id":118383,"date":"2020-08-26T19:55:55","date_gmt":"2020-08-26T12:55:55","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-08-26T21:02:53","modified_gmt":"2020-08-26T14:02:53","slug":"sino-hotels-which-runs-the-conrad-hong-kong-posts-loss-as-occupancy-rate-falls-to-a-third-amid-coronavirus","status":"publish","type":"post","link":"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\/","title":{"rendered":"Sino Hotels, which runs the Conrad Hong Kong, posts loss as occupancy rate falls to a third amid coronavirus"},"content":{"rendered":"


\nBillionaire 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 hotels in the city including the Conrad Hong Kong in Admiralty, dropped to as little as 34 per cent as the pandemic crippled international travel. Average room rates plunged by 43 per cent in the year ended\u2026
\n
\nSource : South China Morning Post
\nRead more…Sino Hotels, which runs the Conrad Hong Kong, posts loss as occupancy rate falls to a third amid coronavirus<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire Robert Ng Chee Siong said his hotels saw their occupancy rates fall to 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-118383","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-uNp","jetpack-related-posts":[{"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":118383,"position":0},"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":119854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheap-rents-beckon-hong-kong-residents-as-serviced-apartment-operators-slash-rates-throw-in-freebies-to-boost-occupancy\/","url_meta":{"origin":118383,"position":1},"title":"Cheap rents beckon Hong Kong residents as serviced apartment operators slash rates, throw in freebies to boost occupancy","date":"January 26, 2021","format":false,"excerpt":"\r Residents and expatriates in the world\u2019s most expensive city now have a chance to make some big savings on rents.Hong Kong\u2019s embattled serviced apartment operators are slashing rents, in some cases, by as much as half, and offering sweeteners to boost occupancy rates that have been hit hard by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-co-living-operators-and-hotels-join-forces-to-give-vacant-rooms-a-new-lease-of-life-as-coronavirus-poses-existential-threat\/","url_meta":{"origin":118383,"position":2},"title":"Hong Kong\u2019s co-living operators and hotels join forces to give vacant rooms a new lease of life as coronavirus poses existential threat","date":"July 27, 2021","format":false,"excerpt":"\r The Covid-19 pandemic could sound the death knell for the co-living sector, as the concept of communal living, which involves sharing, interacting and building a community, seems to conflict with the prevailing social-distancing measures.\r\rIt was reported last year that some co-living operators in Hong Kong had to slash their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159387,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-the-peninsula-hong-kong-aims-to-stay-competitive-amid-shenzhen-rivalry\/","url_meta":{"origin":118383,"position":3},"title":"How The Peninsula Hong Kong aims to stay competitive amid Shenzhen rivalry","date":"August 17, 2025","format":false,"excerpt":"\r The Peninsula Hong Kong is focusing on luxury retail, fine dining and high-end services to attract both local and international guests amid a surge in new hotel openings in the city and competing lodging options in neighbouring Shenzhen. The Peninsula saw its occupancy rise by double digits year on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotel-stays-in-hong-kong-to-cost-more-as-excelsiors-closure-will-tighten-supply-by-nearly-1000-rooms\/","url_meta":{"origin":118383,"position":4},"title":"Hotel stays in Hong Kong to cost more as Excelsior\u2019s closure will tighten supply by nearly 1,000 rooms","date":"October 9, 2018","format":false,"excerpt":"\r Visitors to Hong Kong could end up paying more for hotels as the closure of the iconic Excelsior Hotel next March and rising tourist arrivals are expected to drive up occupancy and room rates in Asia\u2019s fastest growing market. Overall hotel occupancy in Wan Chai and Causeway Bay will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-hotels-st-regis-and-rosewood-eye-big-spenders-as-tourists-flock-to-hong-kong\/","url_meta":{"origin":118383,"position":5},"title":"Luxury hotels St Regis and Rosewood eye big spenders as tourists flock to Hong Kong","date":"April 13, 2019","format":false,"excerpt":"\r The opening of two upscale hotels in the city in the past month underscores the upbeat outlook for the sector, with the 542 additional rooms and suites expected to be easily absorbed as tourists flock to the city, analysts said.\r\rTourist arrivals rose to 12.4 million in the first two\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\/118383"}],"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=118383"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118383\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}