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HK unrest hurting revenue at Sun Hung Kai hotels

Published Mon, Nov 17, 2014 · 09:50 PM

Hong Kong

BILLIONAIRE Thomas Kwok said that Hong Kong's pro-democracy protests, which are entering an eighth week, have hurt revenue at Sun Hung Kai Properties Ltd's hotels and bookings for coming months are weaker than a year earlier.

The Ritz-Carlton's revenue was about 10 per cent below expectations for September and October, Mr Kwok, co-chairman, said after the company's annual meeting in Hong Kong on Nov 15. The firm's other hotels were down by about 5 to 10 per cent. "For the moment, the impact is mild, but we can see room booking orders f…

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Companies & Markets

Companies & Markets

HK unrest hurting revenue at Sun Hung Kai hotels

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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