CBRE: Hong Kong Government Announces Umbrella Scheme for Mid-Tier Hotels Welcoming New Opportunities

According to the Wise Financial APP, Zheng Haiyan, Managing Director and Executive Director of the Valuation and Consulting Department of CBRE Hong Kong, stated that the "Urban School Plans" announced by the Hong Kong Development Bureau and the Hong Kong Education Bureau provide a structured response to long-standing issues of private interest in the market. Given the current hotel market conditions, the timing of the introduction of this measure is very appropriate. This plan brings new opportunities for mid-range and low-end hotels.