HVS Hong Kong presents: The Greater China Update - 1st Quarter 2013

Hong Kong visitor arrivals were driven by mainland Chinese visitors, while greater China faces a headwind.


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Daniel J Voellm, Managing Partner HVS Asia-Pacific, is based in Hong Kong and has provided advice in all major markets across 23 countries and territories in the region. Daniel Voellm started his career at HVS in the New York office; as Vice President at the global headquarters, he conducted a wide range of appraisals and market studies as well as underwriting due diligence services in 22 US states and in Canada. Daniel brings a strong understanding of the hospitality industry to HVS. His experience in hotel and food and beverage operations in Germany, Switzerland, England and the USA is complemented by an Honours Bachelor of Science degree from Ecole Hôtelière de Lausanne in Switzerland. Daniel works closely with key institutional and private owners of hotel properties, financiers, developers and investors, and has gained a strong understanding of their investment requirements and approaches to assessing the market value of investment properties. Daniel further advises on property and concept development and strategy. For more information please contact, [email protected]


  1. Martin HawthornthwaiteApril 8, 2013

    Does the Macau figures include the new casino hotel developments on Cotai?

    • None of the new resorts (Galaxy with BYT, Okura and Galaxy; Sands China Site 5 and 6: Conrad, Sheraton and Holiday Inn Cotai Central) is included in the data as yet. Note that a large share of their inventory is contracted out through the casino operation. Only a relatively small share of casino hotel inventory is sold directly to the public. As a result, the new supply has been absorbed into the market without significant impact.

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