Accounting Accounting Assignment Assignment PresentationPresentation

Chan Wan Choi, ScottChan Wan Choi, Scott

Hui Sai Wa, AceHui Sai Wa, Ace

Lam Yiu Chun, VincentLam Yiu Chun, Vincent

Wong Chun Wa, GordonWong Chun Wa, Gordon

Introduction

Tourism is one of the main development industry in Hong Kong.

With the new policies offer from government for attracting tourists, we expect that the amount of tourists coming to Hong Kong in future will expand.

Reference: In October 2004, the Average Hotel Occupancy Rate is 89% where in September 2004, the rate is only 84%, it showed a graduate increase for the demand of hotel.

Reasons why we chose the hotel industry:

began in 1971

listed on 17th June, 1993

organized into three major businesses

hotel operation

hotel management

property rentals

Shangri-La Hotels and Resorts

Sino Hotels (Holdings) Limited

began in