Alva Hotel by Royal in Sha Tin has been built at the cost of about HK$2.8 billion. Photo: Xiaomei Chen

Sun Hung Kai Properties, Hong Kong’s largest developer, says situation ‘Sars-like’ with hotels revenue down by 50 per cent

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Revenue per available room dropped by 40 per cent to 50 per cent year on year in November and December
As Alva Hotel by Royal is launched in Sha Tin, team already under pressure, executive director says

Topic | Hong Kong property

Lam Ka-sing

Published: 7:00am, 16 Dec, 2019

Updated: 7:00am, 16 Dec, 2019

Alva Hotel by Royal in Sha Tin has been built at the cost of about HK$2.8 billion. Photo: Xiaomei Chen

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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.