Among its 12 hotels, occupancy rates and rents at 10 hotels in 10 cities have recovered or even exceeded pre-epidemic levels, yet 2 hotels located at the airport have not reached the level of the epidemic.
The Zhitong Finance App learned that tourist consumption patterns changed after the epidemic. Luo Baowen, vice chairman and managing director of Regal Hotels (00078), said that out of 12 of its 12 hotels, the occupancy rates and rents of 10 hotels in the city have recovered or even exceeded pre-epidemic levels, but 2 hotels located at the airport have not reached the level of the epidemic. Luo Baowen pointed out that at present, international travelers have not fully returned, and that large-scale shows and conferences require reservations a few years in advance. He called for more events to be held as much as possible to attract more long-distance and high-end travelers.
The World Integration Forum will be held on March 25 at the Lihao Space City Hotel, bringing together 500 government representatives and green finance experts from around the world. Luo Baowen, founder of the School of Sustainable Science and Technology, who is also the organizer, said he hopes to continue holding this forum every year. Carbon neutrality is a process for the world, and he hopes to see every company's progress in carbon neutrality every year.
Hong Kong will implement the first phase of plastic control measures in April, including that the hotel industry will not distribute bottled water and disposable toiletries to guests. Luo Baowen said he is happy to see the Hong Kong government's plastic reduction policy. In the past, the hotel group used 3 million plastic bottles a year, believing that the policy would help reduce the impact on the environment. Currently, its fund invests in water purification technology companies, which not only has a high return, but can also reduce plastic bottles. Luo Baowen believes that travelers may need time to adapt, but eventually they will understand that measures help protect the environment.
Furthermore, Luo Baowen also said that its brand “Fuhui Hotels” is progressing well overseas. Many investors have reported interest in green hotel brands, believing that they can attract a new generation of business travelers who value technology and the environment. In the future, it will also cooperate with Hong Kong's carbon reduction policy through energy saving and electricity saving.