Hong Kong Rents Suffer Amid Protests

Hong Kong Rents Suffer Amid Protests

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of ongoing anti-government protests in Hong Kong on retail and office rents. Analysts predict significant drops in rents due to decreased retailer interest and luxury brands like Prada and LVMH scaling down operations. The protests have led to large demonstrations in shopping areas and a decline in tourism, further affecting retail rents. Retailers are expected to be cautious in expanding their operations in Hong Kong.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage drop in retail rents is forecasted by analysts due to the protests in Hong Kong?

20%

15%

10%

5%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which luxury brand decided not to renew their lease in Causeway Bay?

Gucci

Hermès

Prada

Chanel

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did LVMH reportedly take in response to the protests?

Opened a new store

Expanded their existing store

Closed their store in Times Square

Increased their marketing budget

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Besides protests, what other factor is contributing to the decline in retail rents in Hong Kong?

Decrease in tourist numbers

Rise in tourism

Government subsidies

Increase in local population

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are retailers expected to approach their operations in Hong Kong moving forward?

Completely withdraw

Cautiously expand

Maintain current operations

Aggressively expand