Peninsula Hotels operator slips back to net loss, hit by 'weak' Hong Kong

Reported detention of Myanmar partner 'nothing to do with' Yangon hotel, exiting CEO Kwok says

20240807 Peninsula hotel

The Peninsula Hotel in Hong Kong. The luxury group has struggled to maintain earnings momentum. (Photo by Ken Kobayashi)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- The operator of the upscale Peninsula Hotels chain said Wednesday that the company is once again losing money after a brief rebound from COVID-19, hit by sluggish markets at home and abroad.

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