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What’s driving up the shares of these two hotel giants?

In print this week

What’s driving up the shares of these two hotel giants?

Goola Warden Published on Fri, Jun 30, 2017 / 11:48 AM GMT+8

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SINGAPORE (June 30): Mandarin Oriental International has seen its shares jump 38% over the past month after the company said on June 5 it was undertaking a strategic review of its hotel The Excelsior Hong Kong.

It is worth keeping in mind that Mandarin Oriental is operating in a challenging sector.

The company’s flagship property, Mandarin Oriental Hong Kong, was affected by a decline in visitor arrivals to the city as well as softening demand from the corporate sector.