Regal Hotels International (0078) expects double-digit growth in room rates this half, with its Kowloon City property gaining from the new Kai Tak Cruise Terminal.儲存 Set on nearby Sa Po Road, Regal Oriental Hotel will benefit as more high-end tourists arrive, chairman Lo Yuk-sui said after the annual general meeting. Executive director Lo Po-man said Regal's six local hotels had an average occupancy rate of more than 90percent in the first half, despite ongoing renovation work, with Regal Airport Hotel seeing 新蒲崗迷你倉s much as 10percent growth in occupancy on-year. ``We expect room rates [in the second half] to grow by double digits, and outperform the same period last year,'' executive director Donald Fan Tung said. Lo said the group plans to sell its 338-room hotel on Merlin Street, Fortress Hill, and a 248-room one at Bonham Strand, Sheung Wan, to Regal Real Estate Investment Trust (1881). Fan said the group may submit a tender for the historic Murray Building site in Central earmarked for hotel development. KAREN CHIU mini storage
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