This is according to report from STR Global, a provider of market information to the hotel industry.
"Hong Kong, as a financial centre and hub for conferences and events, is a strategic gateway for conducting business with China and the rest of the world", said Elizabeth Randall Winkle, managing director at STR Global.
The Crowne Plaza Hong Kong Kowloon East is the latest property to open on the island. The 359-room property welcomed guests from the end of September and features a 1,000 sqm ballroom that caters for up to 1,000 people.
Visit C&IT's Hong Kong Destination Guide here
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