The Greater China Update - 4Q 2012 | HVS
By Daniel J Voellm
As the world closely watched the political developments in the USA and China, the decrease in business travel over the summer holidays was followed by a slowdown in demand for the region in quarter three, with the exception of Hong Kong, supported by mainland China. Hong Kong received more than 13 million visitors – a record high −in quarter three of 2012, reflecting 17.7% year-on-year (YOY) growth. This was mainly driven by a record 9.
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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.