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17-12-2019, 11:01 PM
Sun Hung Kai's Adam Kwok calls on HK govt to help struggling hotels
Tue, Dec 17, 2019 - 5:50 AM
.......He said hotel revenue for the company as a group had fallen by as much as 40 per cent in November and December due to the unrest. For the entire second half of 2019, hotel revenue is forecast to be down around 30 per cent.
At US$38 billion, the Kwok family is Hong Kong's wealthiest clan, according to a Bloomberg Billionaires Index ranking of Asia's richest families. Their business empire is among the most exposed to anti-government protests that threaten to upend the city's status as a global business hub.......
https://www.businesstimes.com.sg/real-es...ing-hotels
Tue, Dec 17, 2019 - 5:50 AM
.......He said hotel revenue for the company as a group had fallen by as much as 40 per cent in November and December due to the unrest. For the entire second half of 2019, hotel revenue is forecast to be down around 30 per cent.
At US$38 billion, the Kwok family is Hong Kong's wealthiest clan, according to a Bloomberg Billionaires Index ranking of Asia's richest families. Their business empire is among the most exposed to anti-government protests that threaten to upend the city's status as a global business hub.......
https://www.businesstimes.com.sg/real-es...ing-hotels