Lodging market in Asia and North America

spot, store, airlines, audio and visual equipments, beverage, cable tv, café, cinema, confectionery, confectionery products, consumer goods, cosmetic, department store, department stores, entertainment, fast food, fast-food, financial service, hotel, hotels, jewellery, leather goods, leisure, life insurance, logistics, luxury, merchandising, mortgage, restaurant, restaurant, restaurants, restaurants, rice, shipping, shoes, sports wear, sportswear, tourism, trading, visual equipments, wall,

10 the wharf holdings limited annual report 2004 harbour city 11 8 4 million square feet of prime office retail serviced apartment hotel and club space in heart tsim sha tsui waterfront 12 business review property estates operating profit 2003 hk m gateway i & ii 526 556 other towers 249 264 842 768 120 110 252 105 1 989 803 gross revenue 628 643 317 338 193 032 186 730 533 3 061 2 732 balance sheet extract as at december 31 properties 41 820 net current liabilities 453 non 278 assets before debts 40 089 throughout market was strongly driven by economic growth pearl river delta prd swift recovery hong kong across most commercial districts keen demand from insurance