Huckestein worked with Hilton co-chairman Barron Hilton for 35 years and was most recently the chief executive of Hilton's Conrad Hotels and the president of the Hilton Global Alliance.

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There will also be new hotels from Raffles, Conrad, Hilton, Sheraton, Swissotel and St Regis.

ECONOMIST: Macau is only the start: all Asia is coming out to play