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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.

Dusit Thani Wellness Resort Suzhou

Dusit International, one of Thailand's leading hotel and property development companies, has continued its expansion in China with the recent opening of the highly anticipated Dusit Thani Wellness Resort Suzhou, Jiangsu - the 10th Dusit-branded property in China.

Renaissance Shenzhen Bay

Marriott International today announces the opening of Renaissance Shenzhen Bay Hotel in Nanshan, an affluent district to the southwest of Shenzhen. The area is home to Shenzhen High-Tech Industrial Park, comprising China's largest technology headquarters and international companies.

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