The lobby of the Excelsior Hotel in Causeway Bay, which is closing after nearly 45 years in business. Photo: Dickson Lee

Hotel stays in Hong Kong to cost more as Excelsior’s closure will tighten supply by nearly 1,000 rooms

Occupancy rates of properties in Wan Chai and Causeway Bay will immediately surge by at least 6 per cent when the Excelsior closes in March, says Colliers

Topic |   Hong Kong property

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The lobby of the Excelsior Hotel in Causeway Bay, which is closing after nearly 45 years in business. Photo: Dickson Lee
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