Big spenders targeted for cluster of five-star hotels planned at Kai Tak
The city is lining up a cluster of five-star hotels next to the Kai Tak Cruise Terminal and research funding for universities and private companies to give fresh impetus to the economy.
The city is lining up a cluster of five-star hotels next to the Kai Tak Cruise Terminal and research funding for universities and private companies to give fresh impetus to the economy.
Six hotel sites in Kai Tak facing Victoria Harbour will be released gradually to the market from the end of next year, Financial Secretary John Tsang Chun-wah said yesterday.
The cluster, in a concept similar to Singapore's Marina Bay waterfront development, will target visitors with high spending power by offering five-star accommodation and top-notch catering and entertainment.
That would help the city maximise economic benefits with limited resources, Tsang said.
"I appreciate that an excessive number or over-concentration of visitors may exert pressure on our society," he said. "The government should strive to ensure that there is sufficient capacity to receive visitors."