Hong Kong needs more hotels to keep up with tourists, report says

Hong Kong could be a hotbed for hotel development after reports say that it needs to nearly double its supply of hotel rooms to accommodate a surge in Chinese travelers over the next decade. Last year, the number of visitors was up 16% over the previous year. Michael Li, executive director at the Federation of Hong Kong Hotel Owners, expects that the number of hotel rooms will rise to 76,000 by 2017; currently, there are about 68,300 rooms.

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