FlyerTalk Forums - View Single Post - HK Hyatt Regency To Close
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Old Oct 23, 2004 | 2:21 pm
  #5  
miki13331
 
Join Date: Sep 2002
Location: LAX, SIN
Posts: 474
Originally Posted by hawaiiansports
A spokeswoman for the owners had earlier said that the hotel had not benefited much from surging numbers of mainland visitors as people from over the border only comprised 10 per cent of its clientele.

She also said the growing supply of hotel rooms had put pressure on room rates.
i'm not sure what type of yields the owners of the property are looking for, but it was reported in the SCMP that this hotel is 100% occupied for weeks at a time. i have a friend who recently tried to make a reservation and was quoted HK$3,000 for a standard room, but there was a convention or something going on in HK at the time.
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