Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFPProtests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP
Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP
Business /  Companies

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
Topic |   Hong Kong protests
Cheryl Arcibal
Cheryl Arcibal

Updated: 11:06am, 14 Oct, 2019

Why you can trust SCMP
Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFPProtests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP
Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP
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