Jun.25 — Sonia Cheng, chief executive officer of Rosewood Hotel Group, discusses how the coronavirus outbreak has been affecting her business. The company operates hotels and resorts in North America, Mexico, the Caribbean/Atlantic, Europe, the Middle East and Asia. Cheng speaks with David Ingles on “Bloomberg Markets: Asia.”
In This Story: Caribbean
The Caribbean is a region of the Americas that comprises the Caribbean Sea, its surrounding coasts, and its islands. The region lies southeast of the Gulf of Mexico and of the North American mainland, east of Central America, and north of South America.
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
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In This Story: Mexico
Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.
Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.
Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.
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