News Snapshot:
These are uncertain times for the Jumbo Floating Restaurant, the neon-drenched tourist attraction that’s been a fixture in Hong Kong’s Aberdeen harbour for almost 50 years. News that the restaurant was in trouble surfaced in March 2020 , when it announced it would close its doors until further notice. The coronavirus outbreak, which has battered the hospitality and tourism industries, had snared another victim. Since then the world’s largest floating restaurant has racked up jumbo losses, reportedly in excess of HK$100 million (US$12.7 million), forcing the parent company Aberdeen Restaurant Enterprises to announce this week that it was unable to...
