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Alva To Yu-hung, director of consulting and research at DTZ Debenham Tie Leung, last week pointed out that in 2007, 1,208 new rooms would be completed - about 1,300 fewer ...
DTZ director for research Alva To Yu-hung said the average room occupancy rate for 2007 is expected to be 86 percent, down from about 88 percent in 2006.
After the government introduced cooling measures "market sentiment began to change," said Alva To Yu-hung, DTZ head of consulting, Greater China.
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