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PRESS DIGEST – Hong Kong – Aug 18
Reuters Tough times are plaguing local hotels, as even upscale Hongkong and Shanghai Hotels, which operates The Peninsula Hong Kong, saw its average room rate slump 15 percent in the second quarter to a four-year low at HK$4,436. Its occupancy rate slid one … Hongkong and Shanghai Hotels, owner of Peninsula chain, rings up 10 per cent …South China Morning Post (subscription)
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