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11Nov2014 Clipbook

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11Nov2014 Clipbook
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中國日報香港版 | 2014-05-31
報章 | P01 | Front Page | | By Kahon Chan

Survey: HK hotels among world’s dearest

Lawmaker says figures quoted in survey higher than actual rates
By Kahon Chan in Hong Kong kahon@chinadailyhk.com Hotels in Hong Kong have been ranked the most expensive in the Asia-Pacific region and the sixth dearest in the world, according to a new survey released on Friday.
Between May 1 and May 9 the Bloomberg news agency conducted an online survey of the rates of 10 fivestar, and 50 three-star hotels. The survey covered 106 cities during two periods; August 1-10, 2014, and February 1-10, 2015.
According to information published on hotel booking engine Expedia, the average rate in Hong Kong was
$242 (HK$1,876) a night. This makes it the world’s sixth most expensive city on Bloomberg’s list.
Geneva, Dubai and Kuwait City were the top three.
Shanghai, ranked joint 62nd with Berlin on the global ranking, was the most expensive on the mainland. Its average rate at $145, however, was considerably lower than Hong Kong’s. Shanghai was followed by Beijing at 70th, Shenzhen joint 72nd with Lima, Peru, Hangzhou at 80th and Guangzhou at
92nd.
Hong Kong was also the world’s fifth most expensive city for five-star hotels across the 106 cities surveyed. The average rate was $418 (HK$3,240) per night — considerably higher than $366 in New
York, $338 in Singapore and $230 in Shanghai.
Nikhil Bhalla, a lodging analyst at FBR & Co, told Bloomberg that the cost of real estate and availability of hotel rooms were two key factors in determining rates around the world.
Yiu Si-wing, a lawmaker representing the tourism sector, said the most important factor driving prices was how much guests were able to pay.
Hong Kong had a hotel occupancy rate of 90 percent over the first four months — compared to 87 percent in 2013.
However Yiu, also vice-chairman of China Travel Service, which manages four Metropark hotels in Hong
Kong, disputed the survey’s findings. He said the

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