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Exclusive | The Peninsula sees recovery for luxury hotels as CEO fixes ‘negative perception’

by Robert Van Pash (Editor)
March 25, 2024
in Travel Trade
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Exclusive | The Peninsula sees recovery for luxury hotels as CEO fixes ‘negative perception’
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Hong Kong’s hospitality sector is likely to face more challenges ahead as tourist arrivals struggle to return to pre-pandemic levels, delaying a recovery in occupancy and tourism spending, according to Hong Kong and Shanghai Hotels (HSH), which owns The Peninsula hotels.

“International travellers from the US and Europe to Hong Kong and mainland China are low,” Clement Kwok, managing director and CEO of HSH, said in an interview. “There is still a negative perception in those markets about Hong Kong. We are trying to overcome it, so that people will come back to Hong Kong and experience all of the good things it has to offer. That will take some time.”

Trade wars, economic crises and geopolitical conflicts would not be good for international travel business, he said in general, issues that have plagued US-China ties in recent years and hurt Hong Kong for its role as a “superconnector” and regional financial hub.

The city’s tourism-rebound-say-analysts?module=inline&pgtype=article” data-qa=”BaseLink-renderAnchor-StyledAnchor”>hotel industry enjoyed some recovery last year…

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