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
Topic |   Hong Kong property

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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

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.