1. Accounting Assignment Presentation Chan Wan Choi, Scott Hui Sai Wa, Ace Lam Yiu Chun, Vincent Wong Chun Wa, Gordon

2. 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:

3. began in 1971 listed on 17th June, 1993 organized into three major businesses hotel operation hotel management property rentals Shangri-La Hotels and Resorts

4. Sino Hotels (Holdings) Limited began in