The Greater China Update - 3Q 2012 | HVS
An HVS Quarterly Hotel Market Update | The knock-on effect of the global economic downturn has finally reached the region. Most regional markets are seeing a slowdown in visitor arrival growth, and occupancy levels are under pressure. Hong Kong received 11.1 million visitors in the second quarter of 2012, reflecting 15.4% year-onyear (YOY) growth. Visitor arrivals from mainland China rose by 24.5% YOY, totalling 7.
About HVS
HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.