Of Hong Kong's 12 hotels, 10 city hotels have performed well. Some room rates and occupancy rates have surpassed pre-pandemic levels, but there is still room for growth in the business of 2 airport hotels.
According to the Zhitong Finance app, Luo Baowen, vice chairman and managing director of Regal Hotels (00078), said that out of 12 hotels in Hong Kong, 10 city hotels have performed well. Some room prices and occupancy rates have surpassed pre-pandemic levels, but there is still room for growth in the business of the 2 airport hotels.
According to information, Regal Airport Hotel will hold a Christmas market from December 24 to 26. At that time, there will be a number of specialty stalls on the ground floor of the hotel, including wine, pet clothes, and Khemist natural essential oil products, as well as magic perfume candles and bouillon booths, filling the festive atmosphere.
In addition, the hotel will host a number of free events for families on Saturdays, Sundays, and public holidays, including a Christmas house self-painting event, a gingerbread man cooking class, and a Christmas children's dance class. The Christmas bartending experience presented by Huan'an Bar and Grill is suitable for adults, and is also free of charge.
Luo Baowen pointed out that the Christmas hotel room rental is ideal, and the new year is also quite optimistic. She also pointed out that at present, many large-scale events have returned to Hong Kong, driving business travelers to Hong Kong, hoping to boost the rise in airport hotels and exhibition-related businesses.
The Secretary for Culture and Tourism, Yeung Yun-hung, said that the number of visitors to Hong Kong in the first 11 months of this year has exceeded 30 million. From now until the Lunar New Year, the Hong Kong Government and the Hong Kong Tourism Board will host a number of events, including the Hong Kong Winter Festival, which has already appeared, and will also host 8 winter fireworks over Victoria Harbour, New Year's Eve fireworks, Lunar New Year fireworks and a float parade.
Luo Baowen also said that he is optimistic that trade cooperation between China and the Middle East continues to expand, as well as Saudi Arabia's huge investment in large-scale tourism projects, the local airport hotel and exhibition business will benefit.