Aerial drone view of buses trapped amongst anti-government protesters in Tsim Sha Tsui, between The Peninsula hotel (left) and Sheraton Kowloon (right) on 20 October 2019. Photo: May Tse

Hong Kong’s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests

  • The average room rate at three-star hotels fell 46 per cent to HK$446 (US$57) for the week that ended on October 27, according to data by accommodation platform WebBeds
  • Tourists and duty-free shoppers from mainland China led the exodus, with their number of room nights falling 24 per cent during the week
Topic |   Hong Kong protests

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Aerial drone view of buses trapped amongst anti-government protesters in Tsim Sha Tsui, between The Peninsula hotel (left) and Sheraton Kowloon (right) on 20 October 2019. Photo: May Tse
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Lam Ka-sing

Lam Ka-sing

Lam Ka-sing is a business reporter who covers property affairs and results. He joined the Post in 2017 and has a degree in international journalism from Hong Kong Baptist University.