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

  • 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

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