Save The Economy by Rental Deferral?

The PolyU DBA Alumni Association Limited (“DBAAA”) has today announced the results of its research coupled with an online survey related to the HKSAR Government’s “Temporary Protection Measures for Business Tenants (COVID-19 Pandemic)”. Referring to the findings, DBAAA supports HKSAR Government not to extend the rental deferral plan when the interest rate is anticipated to be going up.

According to recent studies in similar relieve measures adopted by many other countries, tenants of viable business can be benefited by enabling them to survive during short term financial crisis of the Pandemic. However, if the rescue measures are extended beyond their originally planned expiry, it would inevitably create inefficiencies in the property market in the long run. Support to tenants of little realistic chance of recovery may impede the allocation of resources to healthy tenants and restrict productivity growth. It could discourage new entries and reduce competitiveness of more efficient tenants. Many studies revealed that market adjusted and responded much quicker than expected. Landlords were willing to provide substantive relieve to their loyal tenants who needed it desperately during challenging time. In actual fact, it was the low interest rate which explained higher business survival rather than loan forbearance.

The survey aims to understand how DBAAA members and their peers react to the business rental moratorium introduced by the HKSAR Government. Over 90 valid responses were received. The key findings are outlined below:

1. More than 80% of the respondents’ business has been suffering in the past 6 months.

2. Only 5.6% of the respondents indicated that the business rental moratorium would very much achieve its objectives while 45.6% of them said that it would only to a certain extent. In fact, around 40% of the respondents are losing confidence in Hong Kong in different aspects due to the business rental moratorium, “macroeconomic environment” being the most while “tax and cost competitiveness” being the least.

3. Only a minor proportion of around a quarter of the respondents consider the “3-month period” and the “specified sectors” as appropriate. 18.9% of the respondents consider the “3-month period” to be either too long or too short. Around one third of the respondents made no comment.

4. The introduction of the “exemption (landlord and tenant renegotiate lease)” and the “deferral of rates” induced around 40% of the respondents to support the business rental moratorium. The “Interest-free rental advancement” is even less effective. More than 30% of the respondents indicated that these relieves didn’t change their view on the business rental moratorium.

5. Around half of the respondents believed the business rental moratorium would achieve its objectives. However, there was more than one third of the respondents who thought it won’t work.

6. Only a minor proportion of the respondents would take drastic actions on their leasing arrangement. There were more than 40% of the respondents who would increase their investment in commercial properties due to the business rental moratorium.

In order to prevent massive bankruptcies and serious unemployment, the HKSAR Government introduced the business rental moratorium, which should be welcome by SME tenants who have less bargaining power. Having said that, the rental deferral plan is not considered effective mainly because landlords and tenants have already started to renegotiate rent at a much earlier time. It also explains why the adverse impact on the productivity of the commercial property market is not expected to be severe. However, when interest rate is anticipated to be going up, it is not advisable to extend the rental deferral, which would inevitably pose serious threats to the property market and the banking sector and therefore on Hong Kong’s economic stability. Instead, policymakers can entrust the market which would adjust by itself efficiently.

Professor Wilson Tong, PolyU DBA Program Director and Honorary Advisor to this study commented that the rental moratorium is effectively a shift of the business risk from the tenant to the landlord, who may pass it onto the banker. However, relative to the market which is supposed to possess more information, it would be very difficult for the Government to tell who is more capable to bear the risk. It is at the time when the market is not efficient and distortion cannot be self-corrected, then Government should intervene to reduce the ripple effect. The rental moratorium can be viewed as a debt restructuring which help business tenants buy time to avoid massive bankruptcies and layoff.

“The survey results echo a general belief that the market responds in a much quicker and effective way. For example, landlords are willing to reduce the rent for trustworthy tenants to help them go through the difficult moment, which render the mandatory rental deferral relieve measures in-operative. Having said that, the HKSAR Government sent a strong message to the market that the whole community needs to be more accommodating in order to overcome the economic downturn brought by the Pandemic”, said Dr Danny Po, the Honorary Treasurer of DBAAA and the Convener of this study.

We also want to draw the HKSAR Government’s attention to some possible side effects of the rental moratorium. For example, landlords might consider charging a premium on the rental in the future lease renewals in the anticipation that legislative measures could hinder their exercising of legal rights, e.g., early lease termination. Furthermore, the longer the non-viable companies linger, the more financial loss the business owners bear. Deferring rental for three months may give SME owners a false hope that business will come back very soon. SME owners are usually less sophisticated to project the unknown and be decisive enough in cutting loss.

“We would like to draw the HKSAR Government’s attention to the fact that the Fed’s aggressive and continuous rates hikes could turn out to be sharply amid serious inflation and interest rate hedging activities. Very likely, the struggling business tenants may experience possible jeopardy in the nearest future. We support a firm pledge of the Government’s decision that no extension of the Measures beyond the original 3-month period.” said Dr Derek Chung, Chairman of DBAAA.

Mini-survey on the Temporary Protection Measures for Business Tenants (COVID-19 Pandemic):

The PolyU DBA Alumni Association Limited was established in 2000 to build and maintain a network among PolyU Doctor of Business Administration (“DBA”) graduates, and to encourage and sustain professional development of the Association’s members. DBAAA members are connected to an alumni network of PolyU DBA students spanning 25 years. Thus, DBAAA forms an extensive network of associates from diverse backgrounds, fields and locations. Currently, DBAAA has over 190 members.

The PolyU DBA places an emphasis on developing scholar-leaders, with a distinct focus on cross-disciplinary academic research that has real-world applications. It is widely recognised as one of the highest academic achievements for senior managers. The programme was launched in 1996. Graduates include prominent members of the business community, many of whom belong to DBAAA.

Media enquiry

Strategic Public Relations Group
Brenda Chan
Tel: +852 2527 0490

The PolyU DBA Alumni Association Limited
Dr Danny Po

Topic: Press release summary

Maybach Rental With Driver At London Business Travel

Who is expensive enough to take a ride on Maybach? If you are raising your hands, then London Business Travel will help you have a luxurious ride. Cars do not fly, but the Maybach will make you feel as though you are flying far above the earth. Unparalleled luxury, meticulous attention to detail, and maximum comfort, this is exactly what you and your loved ones deserve. We, at London Business travel, are glad to help you have a calm holiday or business trip with our Mercedes maybach rental service.

Maybach- What It Is?

This luxury label blends the precision of the Mercedes-Benz S-Class with the exclusivity of Maybach. Mercedes-Maybach is a marriage of technological prowess and one-of-a-kind design. This offers an atmosphere that is equally suitable for travel, business, and relaxation. Plenty of extra alternatives will make you forget you’re in a car.

By The Way, How Does The London Business Travel Aid You?

We are one of the leading trip planners in the world with several services like transports for business, leisure, and even wedding, providing private jets, hotels, etc. Our only goal is to make your ride happier and soulful. We also need you to have your space with your loved one, so say bye to the driver seat as we have experienced drivers for your ride. Even if you’re at the last minute, our staff will drop you at the exact time via our fabulous Maybach.

Why Especially Maybach?

The interior offers automated shades for the rear and side windows, coasters with heating and cooling, drinking water, electric massage with the impression of hot stones, and heated door armrests to help you relax. Our careful drivers are always willing to assist with luggage. In addition, if it rains, they will always open an umbrella over you as you exit the car.

Would you like to take a trip? Then rush out to our website and enter your pick-up address. Happy Maybach!


Global RV Rental Company, Outdoorsy, Expands Business with Financial Arm Lead Bank

Outdoorsy Financial Services will support the growing community of RV owners with refinancing services, RV purchase loans, and future offerings

KANSAS CITY, Mo.Oct. 18, 2021PRLogOutdoorsy, the most-trusted global online RV rental and outdoor travel marketplace, announced the launch of its financial services arm through a new partnership with Lead Bank to bring innovative RV-focused lending solutions to the U.S., making a deeper push into offering financial services that support RV, motorhome, trailer, and overland vehicle owners. The partnership between Outdoorsy and Lead Bank kicks off with the launch of an RV loan financing product to help eligible owners take advantage of competitive interest rates.

“Most RV owners never refinance their loans and don’t take advantage of the low-interest rates available in the market. This product helps Outdoorsy owners save hundreds of dollars a month,” said Outdoorsy’s Co-founder and CEO Jeff Cavins. “We’re excited to help put more money in the pockets of RV owners while also enabling them to earn extra income by listing their RVs for rent on Outdoorsy.”

In a recent survey, Outdoorsy found the majority of new and existing RV owners rarely compare interest rates when shopping for a loan. In fact, 90 percent of RV owners never shop around when getting a loan on their RV purchase, with many RV owners locking into loans with interest rates hovering anywhere from 6 to 12 percent. Unlike traditional RV lenders, Outdoorsy’s proprietary data on RV ownership and usage — including monetization opportunity through its Outdoorsy marketplace — allows it to provide unique credit products that Outdoorsy owners and other RV owners won’t find elsewhere.

Outdoorsy’s VP of Product Anish Bhatt is leading the product launch. Bhatt joined the Outdoorsy executive team in April 2021 to oversee Outdoorsy’s partnership with Lead Bank as well as leading a full range of services and tools that help owners manage, promote, and grow their listings. Prior to Outdoorsy, Bhatt worked on the product teams at Apple, Google, and Square, where he helped lead the launch of pivotal fintech consumer products, Apple Pay Cash and Square Capital. The company is partnering with Kansas City, Missouri-based Lead Bank to underwrite the loans and offer industry-low interest rates. In Q2 of 2021, RVIA reported the RV industry had set a new record for RV shipments with 151,760 RVs shipped. With the influx of interest in RV ownership and the massive backorder of RVs expected to hit the market in the next 8 to 10 months, Outdoorsy sees a sizable target market for this service.

“Partnering with Outdoorsy and offering our competitive Banking as a Service (BaaS) solution to this RV-lending fintech ultimately gives more communities access to enjoy the great outdoors,” said Melissa Beltrame, CMO of Lead Bank. “Lead Bank continues to imagine how traditional community banks can serve new companies with compliant and innovative lending products, resulting in a win for the bank, a win for the company, and a win for the borrower. BaaS solutions enable companies like Outdoorsy to be able to offer their unique service at scale, and we are truly excited to be a part of this endeavor.” In addition to RV loan financing, Outdoorsy soon plans to team with RV dealerships to provide additional loan financing options for consumers looking to purchase RVs and other financing and banking initiatives to help RV owners upgrade their vehicles, build out their rental businesses, and offer financial incentives for optimal RV owners operating their rental businesses on Outdoorsy.

To apply for a new RV loan or to learn more about what refinancing options are available to you, RV owners can visit (…)loans (…).

About Lead Bank

Lead Bank is a community-minded, independent commercial bank recognized for its innovative approach to community banking and unique banking solutions that allows real people, real businesses, and their communities to thrive. Serving communities with treasury management and lending services, consumer client products, digital consumer banking, and innovative financial technology services, Lead Bank is the first choice for those looking for a future banking partner. Headquartered in Kansas City, Missouri, yet serving clients digitally throughout the United States, Lead Bank is known for being a small business advocate, having outstanding client service, and creating financial pathways for those, who in the past, have been financially unhealthy. 2020 member of the Global Alliance for Banking on Values (GABV), an international network of banking leaders worldwide committed to advancing positive change in the banking sector. For additional information, call (816) 220.8600 or visit (

Vacation Rental Startup, Snackt, Launches Nationwide

 Hosts of rental properties on platforms like Airbnb, Vrbo and can now have snack boxes delivered to each of their guests without lifting a finger. All hosts have to do is sign up and add their property and upcoming guest information. Snackt will then deliver delicious goodies to each of their guests. No more grocery store runs or needing to remember to lay out the right amount of snacks prior to a guest arrival.

This type of service exceeds expectations and is greatly appreciated by guests. In fact, guests who receive snacks have a much higher likelihood of leaving a review and giving their hosts that coveted 5 star. The importance of reviews on platforms like Airbnb cannot be overstated.

“As fellow Airbnb hosts and frequent guests of other vacation rentals, we noticed that guests commonly mention snacks in their review and messages to hosts,” Co-Founder and CEO, Aaron Gadowski said. “It’s a seemingly simple gesture that hosts can do to make guest stays much more memorable.”

The vacation rental industry is continuously growing. There are over 4 million hosts on Airbnb alone ( It’s now more important than ever for rental hosts to stand out from the crowd to get more reviews and ensure their listings appear in searches. Snackt provides a great way for hosts to connect with guests and bolster their reviews in the process.

“We like to say we create moments of wow, which is any time guest expectations are exceeded,” said Gadowski. “The guest has a positive memorable experience and the host receives a 5 star review – it’s a win-win.”

Snackt is now delivering delicious snack boxes to property rentals across the lower 48 states. You can find them at


Aaron Gadowski




  • Food & Beverage