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Impact of Hong Kong protests.
Wednesday, 26th November 2014
Source : HVS

Sun Hung Kai Properties Ltd reported that revenues for 16 of their properties are on an average 5% - 10% below expectations for September and October.

While the impact of these protests is mild at present, bookings have declined in the subsequent months as compared to last year.

On 17 November, a court order that the police carried out to clear out a small part of a pro-democracy protest site, met with no resistance from the protesters.

Although, the long drawn protests have had an adverse impact on the tourism industry, this finally appears to be coming to a close.

www.hvs.com 

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