Article: HK Hotel Occupancy Plummets in July

Figures from the Hong Kong Tourist Association (HKTA) showed that hotel occupancy plummeted to 58 percent in July from its year-ago level of 87 percent, the local press reported today.

And the decline seemed to forecast a worse hotel occupancy this

year than last year, said HKTA Chairman Lo Yuk-sui. He blamed the disappointing hotel take-up on the monetary turmoil in Southeast Asia which resulted in a decline in tourist arrivals from ...

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