Guest house rates hit 5-year high as tourists flock to Hong Kong for Christmas

Tourists planning to spend Christmas in Hong Kong have fuelled a surge in guest house bookings since October, driving occupancy and room rates to their strongest levels in five years. But those arriving without reservations may end up paying double the price, according to an industry leader. David Leung Tai-wai also told the Post that the government’s push to promote the “mega-event” economy risked wasting public funds if officials failed to equally promote affordable lodging. The founder and...