Hong Kong’s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests

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Hong Kong’s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests
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HONG KONG — Investments in new hotels grounded to a halt in Hong Kong, as valuations fell 10 per cent amid record vacancy rates caused by business travellers and tourists who are avoiding the city’s anti-government protests.

 

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