The worst crisis since SARS has kept the industry’s eyes watchful on whether hotel chains will relocate their headquarters from Hong Kong. The two hotel openings this year may be seen as a show of confidence and may quell speculation that chains might leave the troubled city. Thus far, however, none has been known to move or contemplate a relocation.

The only exception is Caesars Entertainment in Asia, although this has Online Cigarettes Store USA nothing to do with a relocation but its decision not to pursue international development, including the casino license in Japan, according to an internal source. Caesars has let go a lot of people in both its Hong Kong and Tokyo offices as a result, retaining only a skeletal staff in Hong Kong as it has an integrated resort under construction in Incheon, South Korea, said the source. Skift wasn’t able to reach Caesars Entertainment in Asia for a comment at press time.

Blue chip hotel chains that have their headquarters in Hong Kong can be counted Newport 100s Box on two hands. Aside from Sun Hung Kai and New World, others with deep roots in the city include Shangri-La Hotels & Resorts, Jardine Matheson’s Mandarin Oriental Hotel Group, Great Eagle Holdings’ Langham Hospitality Group, Hongkong and Shanghai Hotels’ Peninsula Hotels, Wharf Holdings’ Wharf Hotels (Marco Polo/Niccolo), and Swire Properties’ Swire Hotels. there haven’t been any announcements on potential thoughts on moving their head offices away from Hong Kong,” said the source, on the condition of anonymity.

“Most companies still cling onto one of Hong Kong’s major advantages over Singapore — its proximity to the PRC (People’s Republic of China). Therefore, we may have to look at how China-dependent each of these hotel groups is, looking at their share of PRC revenue and where their upcoming new hotel projects will be. As a rising number of multinational firms is backing down from opposing Beijing in order to remain strong in the China market, moving the headquarters away might be a harmful strategy.”

Other advantages that point to companies sticking with Hong Kong are “a lack of bureaucracy,Cheap Newport 100s cigarettes easier capital outflow, Internet freedom, good infrastructure, international living standards, particularly for families and education (although China is not far behind), and then, of course, lower corporate income tax, no turnover tax as opposed to the PRC, and mostly lower-taxed salaries,” said the source.








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