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China

China, with the largest population of the world, is in huge economic transformation due to the fastest-growing middle-class. Nowadays the number of middle-class people in China has reached 500 million and in 2020, this figure is expected to increase up to 1.75 billion. Declined growth in the real estate market and fixed asset investment has led to a notable change in the hotel industry. International luxury hotel chains are making more efforts to take advantage of the growing Chinese middle-class with luxury desires. Also, in these days, small luxury hotel or boutique hotel has gradually become popular in China, which is not as majestic and unified as large international chains, but draw consumers by their delicate and characteristic hotel culture. Indeed, hotel investors have become more sensitive to financial returns and thus have started to invest on select-service hotel products.

Beijing hotel performance expectations as Lunar New Year and Olympics intersect with the pandemic

Overlap between the Lunar New Year, 2022 Winter Olympic Games and the ongoing pandemic will create a conflicting mix of demand drivers for hoteliers in Beijing. With New Year celebrations typically driving travelers out of major metros, the Olympic Games pushing demand into the event center, and China’s zero-tolerance COVID-19 precautions overlaying both major events, February will be a month to remember for the Chinese capital.

Sanya Hello Kitty Resort

Keyestone Group, a Hong Kong-based conglomerate focused on the development and management of high-quality premier projects in the Greater China region, and Hyatt Hotels Corporation (NYSE:H), a leading global hospitality company, today announced plans for China's first Hello Kitty Hotel in Sanya, Hainan.

W Nanjing

Slated to open in 2025, the urban escape will bring thought-provoking design and innovative programming.

Shangri-La Shougang Park, Beijing

Shangri-La Shougang Park, Beijing, a new hotel where heartfelt hospitality meets century-old industrial heritage, officially opens today, just in time for the 2022 Beijing Winter Olympics. The hotel's design pairs Shougang's unique industrial landscape and cultural elements with Shangri-La's design aesthetics and sustainability concepts.

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