A slowdown in China’s economy is not holding back China’s domestic economy brands from executing their rapid growth strategies in 2012.
Hoteliers said the biggest players in their industry will continue to try to establish themselves with the use of various brands designed for different markets.
IHG, Denham, U.K., announced on Sunday that it has signed 20 letters of intent to manage hotels for its new brand for the Chinese market, Hualuxe.
Interstate China Hotels & Resorts, a joint venture between Interstate Hotels & Resorts, one of the largest independent U.S.-based global hotel management companies, and one of China"s leading hotel operators and developers, Jin Jiang International Hotels Company, recently won the management contract for the 514-room JC Mandarin Hotel.
With all the hotel growth in Asia, it"s hard to even fathom the question: what"s your favorite hotel?
Wyndham Hotel Group, LLC, the world’s largest hotel company based on number of hotels and part of Wyndham Worldwide Corporation, announced the signing of an agreement to manage the luxurious 565-room Wyndham Grand Xi’an South, a new property under construction in China’s Shaanxi province which will join Wyndham Hotels and Resorts® under the prestigious Wyndham Grand® Collection.
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The Chinese hotel market’s performance has remained positive year-to-November, with RevPAR growing 2.8% compared with the previous year, according to STR Global, the leading provider of market data to the hotel industry.
Several Asian hotel chains are ramping up their moves into the Chinese marketplace, pledging to build dozens of properties in the next five years as the country"s rapid urbanization, thriving middle class and growing popularity as an international destination make it one of the hottest markets for the hospitality industry.
After a building boom, hotel vacancy rates are soaring.
Several U.S. hotel chains are ramping up their push into China, pledging to build dozens of properties there in the next three years.
While the programs have been met with success thus far, according to company executives, more important is their abilities to capture part of the 274% projected increase in inbound Chinese travelers to the U.S. during the next five years.
While the programs have been met with success thus far, according to company executives, more important is their abilities to capture part of the 274% projected increase in inbound Chinese travelers to the U.S. during the next five years.
Rapid growth for China’s domestic hotel chains continued in the third quarter and is expected to accelerate into 2012, but shifts in business models have brands approaching growth differently.
Rapid growth for China’s domestic hotel chains continued in the third quarter and is expected to accelerate into 2012, but shifts in business models have brands approaching growth differently.
SHANGHAI - China"s hotel market is expected to overtake the United States to be the world"s largest from 2025, according to a report issued by InterContinental Hotels Group (IHG), the largest hotel company in the world by number of rooms.
Wyndham Hotel Group today announced its expansion in China with the signing of franchise agreements for five new construction hotels under the company’s Ramada brand.
The new skyscraper in Huaxi village, the 328-meter Longxi International Hotel, opened to guests on Saturday in Ji...
It’s not too often a hotel is in the position of saying occupancy DECLINED to 99% during a quarter, but that’s what China Lodging Group reported in its second quarter earnings earlier this month.
It’s not too often a hotel is in the position of saying occupancy DECLINED to 99% during a quarter, but that’s what China Lodging Group reported in its second quarter earnings earlier this month.
Growing travel demand within China is attracting property developers into the country, with up to 84,000 new rooms expected to open by the end of 2013.
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