The global economy had an uneasy summer; the US debt ceiling fiasco followed by the downgrade of the US credit rating, coupled with the European debt crisis sent shock waves through global markets and raised concerns about the state of the global economy.
While uncertainty escalates, markets in the region remain largely unaffected for the time being.
Discussed in this update:
- Tourism trends for Hong Kong, Macau, PR China and Taiwan
- Individual Hotel Market Performances
- Basel III - The Long Road of Deleveraging
Click to view the Newsletter:
www.hvs.com/emails/quarterlynewsletter2011/HVSchina.pdf About the Authors 
Daniel J. Voellm is Managing Director of HVS Hong Kong, has provided advice in major markets across Asia-Pacific. Prior to heading the Hong Kong office, Dan was Vice President at HVS' global headquarters in New York conducting a wide range of appraisals, market studies and underwriting due diligence services. Dan 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 United States is complemented by an Honours Bachelor of Science Degree from Ecole hôtelière de Lausanne in Switzerland. Dan works closely with key institutional and private owners of hotel properties, financiers, developers and investors. Dan further advises on property and concept development and strategy. 
Cathy Luo is an analyst of HVS Hong Kong, working primarily on hotel consulting assignments including Market Studies and Feasibility Studies in the Asia Pacific region. Prior to joining HVS, Cathy worked in Revenue Management with Marriott Hotels in Dubai performing analysis and providing recommendations to support hotel strategy. Graduating with a an Honours Bachelor of Arts degree from Glion Institute of Higher Education and with previous working experiences in hotel operations, Cathy brings a comprehensive knowledge of the hospitality industry. Cathy has advised on projects in China, Singapore and Cambodia.www.hvs.com 
