Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP
Hotel revenues could halve, warns S&P, as conference participants, tourists give protest-hit Hong Kong a miss
- The rates hotels offer to host meetings, conferences and exhibitions are down by more than a quarter as events are cancelled or postponed
- In some cases, occupancy of hotels in protest-hit areas has fallen to 20 per cent, according to hoteliers and industry observers
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Hong Kong protests
Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP