SCMP | Hong Kong’s Loss-making Hotels Seek Complete Rates Exemption as Coronavirus Crushes Tourism Industry

SCMP | Hong Kong’s Loss-making Hotels Seek Complete Rates Exemption as Coronavirus Crushes Tourism Industry 1400 788 Dwyer Lynch & Co

Lam Ka-sing of South China Morning Post on Hong Kong’s beleaguered hotel owners are pressing the government to waive rates for the next three quarters up to March, pointing out that they are running at a loss because of the coronavirus outbreak that has seen tourist numbers to the city plummet nearly 100 per cent.

If they were to take into account the coronavirus, the honest truth is that the rateable value reduction should be 100 per cent – Yongki Hong, partner at surveying firm Dwyer Lynch & Co

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