Hong Kong - Ovolo Group's founder & CEO, Girish Jhunjhnuwala, has called on the Hong Kong Government for assistance for the local hospitality industry given the current economic downturn in the region.The situation in Hong Kong has hit been felt across all corners of the city including the retail, aviation and financial sectors, with the tourism industry being the hardest hit.

Ovolo Group has become one of Hong Kong's largest independent owner / operator hospitality companies, employing over 190 people in Hong Kong across head office, four hotels and five F&B venues, providing an estimated 100,000 business and leisure guests with effortless living experiences annually and serving approximately 165,000 diners and drinkers annually.

The company keeps in touch with the modern traveller through award-winning interior designs, detail-driven comforts and cutting-edge technology, all done in Ovolo Hotels' signature style. A proud Hong Kong brand, Ovolo Group remains a family-owned and privately-operated business with a charitable core.

In reaction to the current situation in Hong Kong, Girish said tourism has always been a vital pillar of the Hong Kong economy, with the city acting as a hub for business and leisure travellers from across the world.

"It's devastating to see the effect that the recent situation in our city has had on local businesses, particularly those of us in the hospitality industry. As reported by the SCMP, tourist arrivals YOY have fallen by 5% in July and an alarming 40% in August - the largest decline since the SARS outbreak in 2003. Group arrivals from the mainland have also dropped by 90% in the first 10 days of September."

"When our businesses weather tough times, those whom are hit the hardest are not the top-level executives but our team members - the employees working at the forefront of our organisations. It's those members of our society that are unfortunately the ones which are now facing reduced hours, reduced wages or in some cases even redundancies."

"With this in mind, it is imperative the Hong Kong Government and Hong Kong Monetary Authority both step in to lend a helping hand to local businesses who are struggling during these times - not only to ensure we reduce negative economic impact and avoid loss of wages or jobs, but to ultimately protect Hong Kong's status as a thriving tourism hub for years to come."

About Ovolo Hotels

The Ovolo Group was founded by entrepreneur Girish Jhunjhnuwala and first entered the real estate market in 2002; then further expanded into the hotel industry in 2010. Ovolo Hotels quickly became one of Hong Kong and Australia's most dynamic independent owner operated hospitality firms by providing guests with the best in effortless living across hotels and food and beverage outlets.

The Ovolo Group is a collection of contemporary hotels that keep you connected to the little luxuries you love, all effortlessly included. The company prides itself on being in touch with the modern traveller through award-winning interior designs, detail-driven comforts, complimentary value-added services like the mini bar and breakfast, with cutting-edge technology. Ovolo Hotels have been acknowledged for Hotel and Accommodation Excellence, receiving the accolade "Hotel Brand of the Year", at the 2019 and 2020 HM Awards.

A proud Hong Kong brand, Ovolo Group remains a family-owned and privately-operated business operating four hotels and three restaurants in Hong Kong, and eight hotels and seven restaurants across Australia in Sydney, Melbourne, Canberra, and Brisbane.

Ovolo also has the By Ovolo Collective within its portfolio of hotels, a distinctive collection of four hotels each one unique, each one special, the more guests explore, the more they'll find. These include Nishi Apartments in Canberra Australia, The Sheung Wan by Ovolo and The Aberdeen Harbour in Hong Kong, and Mamaka Kuta Beach in Bali Indonesia.

As of March 2021, Dash Living collaborated with Ovolo Hotels to launch two new generation of serviced rental solutions in Hong Kong. A total of 135 rooms and suites that form part of a new generation of serviced rental solutions for hyper-mobile millennials will be available for booking. The Aberdeen by Dash Living, soon-to-be converted from Mojo Nomad By Ovolo, offers 79 rooms ranging from studios to executive suites. The 56-room The Sheung Wan By Ovolo, only remaining under Ovolo's management for stays under 7 days, will offer units from studio, one bedroom, to family room options.

Ovolo acknowledges the Traditional Owners of the lands on which we are located. We recognise their continuing connection to land, waters, and culture, and pay our respects to their Elders past, present and emerging.

Visit www.ovolohotels.com.