Tourism decline that guesats decrease, the case of request to build hotel decrease 80%

Investors see through lightly with industry: rent will drop for long time

news (reporter Yan Lundu) Hong Kong's tourism industry into the winter, coupled with local people anti mainland visitors, the hotel industry has been the most direct impact, even Peninsula Hotel and other luxury hotel occupancy and room rates are affected. Our statistics, the first quarter of this year, only two involved in your hotel room 152, the annual plunge Bacheng, the high comparison with 2014 fell 95% greater, reflecting investors Air Eau hotel industry outlook, do not want to invest money , the industry is expected to rent the hotel "with an exhaust down."

Tourism of winter depression, Grand Hotel (0045) The Peninsula Hong Kong last year's fourth quarter room occupancy rate of 78%, down one percentage point, the average rent 5,088 yuan, down 7%; RevPAR $3,963, was down 8%. Federation of Hong Kong Hotel Owners Executive Director Michael Li interview with this reporter admitted that in February this year about 15% of hotel rent-year plunge, the individual three or four star hotels even reached two to three percent decline, coupled with the early years many hotels gradually completed, so that the industry outlook is more pale Air, deterred investors can understand.

2 application relates to the first quarter only 152 rooms

Our statistics, in the first quarter TPB received only two hotel applications, involving 152 rooms, compared with the first quarter last year to apply for about 3 773 rooms, fell Bacheng. Compared with the first quarter of 2014 Ruoguo high, because at that time the hotel industry is still booming development period, the first quarter of the hotel actually apply for up to eight, involving 3,037 rooms, and today's "desolate" is quite different, and then compare this year to apply for a full hotel fell 95%.

Seoul Lee said investors judge the hotel industry outlook relates to a number of factors, including tourism data, the Hong Kong Government has no measures to stimulate the industry, currentlyMarket supply of hotel rooms, etc., and the hotel belongs to a long-term investment projects, investors are more cautious also be appreciated.

This year the market is almost overwhelmingly bearish on retail and tourism prospects. Lee in Seoul said the global economy slip, to bring the most direct impact on the local tourism industry, especially around the exchange rate difference, the Hong Kong dollar following the stronger dollar, relatively speaking, in other parts of the exchange rate becomes more interesting to Hong Kong, Hong Kong's competitiveness also therefore weakened. Moreover, many more relaxing mainland tourist visa, many tourists are diverted to travel to other parts.

In addition, according to government data, in Hong Kong late last year a total of about 74,000 hotel rooms, two years more will rise to 84,000 rooms, but last year's overall hotel occupancy rate was only 86%, compared with 90% in 2014, down 4 points, Lee Seoul, said in February this year the occupancy rate only about 80%, dropped by 6 percentage points, the industry into oversupply.

Demonstrations riots image of Hong Kong

Lee said Seoul has learned some five-star hotel room rates dropped by about 15% to 10%, three or four stars hotel more pronounced decline, reaching 20-30%, overall pull even decreased. Since the completion of the hotel after another, he predicted that this year the hotel rents will continue to decline. Secondly, in recent years, Hong Kong more than demonstrations riots have affected the image of Hong Kong, and then hit the local tourism industry. Various factors have made investors no longer invest in the hotel industry.

Retrieve information, last year, only a total of 14 hotel applications, involving 2,276 rooms, deduct case to withdraw the application and rejected, the annual approval of the application for hotel rooms for about 1,711 rooms. And before that in 2014, when the good performance of tourism, hotel throughout the year to apply for up to 31, involving 8,959 rooms, deduct case to withdraw the application and rejected, approved construction of 6,688 hotel rooms between. In other words, last year the hotel has annual number of applications plunged 75%.

Last year, five hotels for withdrawal

It is worth mentioning that in the past two years, a total of eight hotels withdrawn applications, involving 1,780 units, of which there are five withdrawn by the applicant are in place last year, involving 1,581 rooms, compared with 2014, 3 single only 199 the number of housing surge. The largest were withdrawn by the applicant, the application for the construction of two 2014 Hopewell Centre, Wanchai business and hotel integrated projects, involving about 1,024 rooms, to withdraw the application in 2015.

28hse - No.1 HK Property Portal Squarefoot - HK Premium Property Portal