Hong Kong will build 35 hotels in five years, Hong Kong's Secretary for Housing, Planning and Lands Michael Suen told the Legislative Council Wednesday.
According to the Hong Kong Tourism Board's (HKTB) "Hotel SupplySituation as at September 2004," 35 hotels will be completed in the coming five years with a total of 14,973 rooms.
He went on to say that HKTB classifies the hotels in Hong Kong into "high tariff A," "high tariff B" and "medium tariff" based ontheir facilities, location, staff to room ratio, achieved room rate and business mix. More than half of the new hotels will be expected to be medium tariff ones, he said.
All along, the Hong Kong Special Administrative Region government has been business-friendly to facilitate the development of the hotel industry, he noted.
Source: Xinhua