Around Asia's markets: Avian flu casts pall over HK hoteliers
Posted by webmaster on 12/12/05
Shares of Hong Kong's hotel owners are slumping amid concern that bird flu will drive away business, just as severe acute respiratory syndrome did two years ago...

Shares of Hong Kong's hotel owners are slumping amid concern that bird flu will drive away business, just as severe acute respiratory syndrome did two years ago. The stock price of Regal Hotels International, which operates five hotels in Hong Kong and two in Shanghai, has fallen 23 percent since two United Nations teams said in late June that an outbreak of bird flu in the western Chinese province of Qinghai might spread. Shares of Shangri-La Asia, the region's largest luxury-hotel operator, are down about 10 percent.

Read more at International Herald Tribune



 
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