Hong Kong hotel converted to student housing as tourism slump persists

A 598-room hotel in Kwun Tong, Hong Kong, is being tendered for conversion into student dormitories, reflecting a structural shift in the city's real estate market as tourism remains depressed. The move follows the bank's foreclosure and signals a broader trend of adaptive reuse in a city once reliant on high visitor numbers. This development underscores the long-term impact of reduced travel demand on Hong Kong's property sector.