August 8, 2016
Hong Kong’s hotels, under pressure to fill their rooms amid the city’s tourism slump, may become increasingly vocal in opposing the growth of Airbnb, said Denis Ma, Jones Lang Lasalle’s Hong Kong head of research. Mainland Chinese tourists, which make up almost 80 per cent of Hong Kong visitor arrivals, fell 8. 3 per cent in May to 4.45 million compared to the same month last year, according to tourism board figures. Hotel occupancy rates fell to 84 per cent in the first five months of the year, down from 85 per cent in the same period last year, the figures showed. Adding to the woes of hoteliers, by next year another 10,000 hotel rooms are scheduled to be added to Hong Kong’s current supply of 74,000, according to government figures….