COVID-19: Hong Kong faces long recovery | Meetings-driven tourism hurting

What’s next for Hong Kong hotels? CBRE released a new report around the future of Hong Kong’s hotel industry. Key highlights include: •   Demand for hotels in Hong Kong has collapsed amid a standstill in regional travel owing to tight visa restrictions, significantly reduced air traffic and risk aversion by travelers – adding to pressure on a market already impacted by local sociopolitical unrest over the course of 2019. •   While June saw some signs of optimism following the re-opening of theme parks and discussions about creating travel bubbles with other regional markets to facilitate business and leisure travel, a…
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