Hong Kong’s Legacy Luxury Hotel Players Join Forces to Aid in Recovery
Hong Kong's legacy hotel companies are ditching competition for collaboration with one another, as daily arrivals to the city sank to below 100 visitors per day at the start of April.
Aside from lineage — their founders are real estate taipans who have invested billions of dollars in Hong Kong over the past century — the companies are all in the luxury hotel space, which usually isn't prone to rival chumminess. Joining forces is itself an achievement, said Peter Borer, chief operating officer of Hongkong & Shanghai Hotels that owns and operates Peninsula Hotels. Find another city in the world where local luxury brands are aligning in such a way, said Borer, who came up with the idea.