Hot Spot
Country

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.

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Wyndham Hotels & Resorts Reacquires Direct Franchising Rights For The Days Inn Brand In China

PARSIPPANY, N.J. -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced that it has reacquired exclusive direct franchising rights for its Days Inn brand for the People's Republic of China.The Days Inn portfolio in China consists of more than 70 economy, midscale and upscale hotels encompassing more than 12,500 rooms.

Novotel Opens in Haikou, China

AccorHotels has expanded its midscale Novotel brand to Haikou, the capital city of Hainan province.Located on Xinbu Island, a newly developed area in the northeast part of Haikou city, the 141-room Novotel Haikou Xinbudao is ...

Asia Pacific's Construction Pipeline, Excluding China, Continues in a Topping Out Formation

According to a recent report from analysts at Lodging Econometrics (LE), Asia Pacific's total construction pipeline, excluding China, remains near its high with 1,738 projects/367,886 rooms. Projects currently under construction stand at 943 projects/211,361 rooms and projects scheduled to start construction in the next 12 months are at 389 projects/77,390 rooms.