Resorts and hotels are already reporting occupancy rates of just 15 or 20 percent.
Senior Vice President Wolff said that room rates have remained low since last year, but occupancy rates have much improved.
L Hot and cold water provision as follows: at all times, in all bathrooms, regardless of occupancy rates.
Lomanno said the most important reason for dramatic changes in the forecast can be traced to better-than-previously-anticipated occupancy rates.
He said: "In terms of occupancy rates, several major cities, including Hong Kong, Bangkok and Singapore, are performing pretty well. Hotel business is gradually coming back. Room rates will naturally improve when the demand rises."
According to Smith Travel Research, in the week ending February 21st occupancy rates in luxury hotels were 17.5% down on the same period in 2008, and revenue per room was 27.5% lower.
His hotel, the Cheng Pao, is already a popular stop for Chinese tour groups, but he hopes a new influx will increase occupancy rates above the current 60 percent to 70 percent.
