Chow Tai Fook family office plans to ride travel recovery wave

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The story "Chow Tai Fook family office plans to ride travel recovery wave" was covered 2 months ago by AsianInvestor, a news publisher based in Hong Kong.

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AsianInvestor 2 mo ago

Chow Tai Fook family office plans to ride travel recovery wave - AsianInvestor

Quick Summary:

Hong Kong-based Chow Tai Fook Enterprises aims to ride a recovery in the hospitality and retail sector in 2023 and is also keeping an eye on quality private equity and Chinese equities exposure.

Lau said he believed there would be a shift from business travel to leisure travel in 2023, noting that the remote collaboration style people had become accustomed to during the pandemic could remain for longer, ultimately depressing business travel for longer.

They were seeing room rates as well as occupancy rates 40-50% higher than in 2019, Lau noted.“This revenge travel is going to stay.