Originally Posted by
unagi1
Wow, wasn't so long ago you could get the Wharney for around US$125 a night. Haven't been to HKG for a couple of years though. Did they renovate it? Exch rate hasn't tanked that much to justify it I dont think.
I believe it's a consequence of rampant inflation because the HK$ is pegged to the US$. If the two floated freely, the HK$ price may be broadly the same, but you'd only be getting say 5 or 6 HK$ to the US$.