The lobby of The Peninsula hotel in Tsim Sha Tsui in Hong Kong on 19 February 2020. Photo: Nora Tam The lobby of The Peninsula hotel in Tsim Sha Tsui in Hong Kong on 19 February 2020. Photo: Nora Tam
The lobby of The Peninsula hotel in Tsim Sha Tsui in Hong Kong on 19 February 2020. Photo: Nora Tam

Hong Kong’s hotels are down on their knees as two in three rooms sat empty in Asian hospitality industry’s first-quarter slump

  • Average nightly room rate across all categories of hotels plunged 41.5 per cent in Hong Kong to HK$865 (US$111.6) during the first quarter
  • Hong Kong’s percentage slump topped Shanghai’s 15 per cent drop to 514 yuan, and Osaka’s 13.3 per cent decline to Ұ11,951 in third place in the same period

Topic |   Luxury Hotels
The lobby of The Peninsula hotel in Tsim Sha Tsui in Hong Kong on 19 February 2020. Photo: Nora Tam The lobby of The Peninsula hotel in Tsim Sha Tsui in Hong Kong on 19 February 2020. Photo: Nora Tam
The lobby of The Peninsula hotel in Tsim Sha Tsui in Hong Kong on 19 February 2020. Photo: Nora Tam
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