HOTEL stocks again traded sluggishly in the past week following the impasse in political talks.
The only event which could have pulled the sector out of its doldrums was the 2000 Olympic Games as Hong Kong tourism stood to benefit from the Games being awarded to China.
The victory for Sydney has left hotel stocks to continue with their lacklustre performance.
While the increase in arrivals to the territory had boosted tourism, the recent trend of pulling down hotels to redevelop the sites into commercial buildings had raised concern within the hotel industry.
However, existing hotels are expected to benefit from the smaller number of competing rooms in the territory.
Shangri-La Asia, which stood to benefit from the Olympic Games through its properties in China, rose 1.56 per cent to $6.50.
