Hong Kong Hotels Slash Rates

• The South China Morning Post painted a picture in Hong Kong of hotels slashing rates to fill rooms now that quarantine stays are gone.
• Accor announced the signing of a management agreement for a new dual-branded hotel in Thailand’s capital.
• A new $35 million hotel on Kaikoura’s waterfront has launched. The four-story, 120-room hotel in the New Zealand town has a restaurant and art gallery open to the public, located on the town’s esplanade.

The South China Morning Post painted a picture in Hong Kong of hotels slashing rates to fill rooms now that quarantine stays are gone. SCMP said hotels are trying to get guests away from serviced apartments and the leasing market. Despite some positive steps, most believe the only way for the hotels to do well will be […]