Hong Kong Hotels and the impact of COVID-19
Tuesday, 31st March 2020
Source : Gloria Chang - Horwath HTL Hong Kong

This sentiment survey was specially designed to examine the impact of the COVID-19 pandemic on the outlook for the Hong Kong hotel market.

In addition, the overall Hong Kong hotel market performance in 2019 was included to review the impact of the social campaign to the industry.

Sentiment Survey key takeways:

The survey was open from 6th – 20th March, received 58 responses from our valuable hotel partners, with the following key takeaways:

  • Over 90% respondents expect that the impact of COVID-19 will last for 3 months and more till H2 2020.
  • Around 60% of respondents believe that the impact on Occupancy is expected to fall down by 60%, more severe than that of ADR (43% respondents).
  • Hoteliers in Hong Kong are overwhelmingly pessimistic about all market segments, expecting poor performance versus H1 2019.

Download the full PDF

Gloria Chang is Executive Director of Horwath HTL Hong Kong. Since 1995, Gloria has developed an extensive consultancy base specialised in the hospitality and leisure industry with a specific focus on hotel developments.

Formerly a Senior Consultant with hospitality/real estate and corporate finance consulting practices including PKF Consulting Ltd., Arthur Andersen and PriceWaterhouseCoopers, Gloria was principally responsible for various studies on hotel and real estate property developments in Asia-Pacific.

 Latest News  (Click title to read article)

 Latest Articles  (Click title to read)

 Most Read Articles  (Click title to read)

~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2021 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy