While the first quarter showed drops in ADR and RevPAR for China Lodging Group’s hotels, the company is unwavering in its commitment to grow through franchising and manachising.
Over 160 Asian hotel industry professionals attended a summit and 90 percent of attendees predicted that hotel bookings from online sources will grow by more than 20 percent in the coming two years.
London is in the midst of a property boom and looks set to become one of the world’s leading hotel markets, as strong growth in leisure demand turns the capital city into an increasingly popular tourist destination.
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