Protesters vandalise Sun Hung Kai Properties’ New Town Plaza in Sha Tin, on September 22, 2019. Photo: Sam Tsang

Sun Hung Kai offers relief for struggling retailers, plans to waive rents on days shopping centres are closed due to protests

  • At least eight of SHKP’s malls have had to remain shut for days, including World Trade Centre in Causeway Bay and New Town Plaza in Sha Tin
  • Hang Lung Properties also says that it has cut rents for tenants
Topic |   Hong Kong property

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Protesters vandalise Sun Hung Kai Properties’ New Town Plaza in Sha Tin, on September 22, 2019. Photo: Sam Tsang
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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
Topic |   Hong Kong protests

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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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