After I realized of the closure earlier this yr, I used to be not shocked however contemplated how a lot power and sources had been invested within the venture so the venue may open earlier than the 2008 Beijing Olympics. It was private for me as I used to be the venture supervisor for the Kengo Kuma-designed resort within the coronary heart of the Sanlitun space in Beijing.
This isn’t an obituary of the demise of a business product, solely a mirrored image of the truth of the high-end hospitality market in mainland China. Hong Kong is not any exception to this problem. On the floor, the Hong Kong hospitality sector’s general common occupancy fee of round 80 per cent appears to point a wholesome restoration. Nonetheless, if we low cost the low-to-mid-end merchandise, luxurious lodges’ occupancy fee stands at about 54 per cent, that means they’re solely half-full.
Vacationer varieties are a lot and it will not be rational to imagine any technique can change the price range travellers’ habits. To really search for impactful fiscal features from the tourism sector, we have to focus our targets on the excessive spenders.
Hong Kong officers have to put a correct technique in place to draw the suitable spenders. Recreation-changing paradigms require deep market understanding, analysis, creativity and transparency. An entire and synergistic ecosystem is required, from the service sector to hospitality to retail to occasion planning, to draw worldly and cultivated travellers. Most of the items are in place, but the sum just isn’t better than its components in the mean time.
Drawback-solving begins with appropriately defining the issue, and step one in identification begins with communication. A lot of the luxurious chain lodges are run by skilled common managers who usually have the very best insights and instincts in addressing travellers’ wants and aspirations. We must always faucet their brains for inventive concepts and proposals. Such open dialogue and collaboration by itself could be the form of mega occasion we’d like probably the most.
Dennis Lee is a Hong Kong-born, America-licensed architect with years of design expertise within the US and China
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