Hot Spot
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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.

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In the News

Wanda Vista Beijing Grand Opening

Wanda Vista Beijing (formerly Sofitel Wanda Beijing) officially opened on January 1, 2018, as the 19th Wanda Vista branded hotel.Wanda Vista Beijing strives to deliver an unrivaled experience to guests. This experience reflects ...

WeWork signs largest single grade A office leasing deal in Shanghai in 2017.

Real estate consultancy JLL acted on behalf of WeWork in this transaction, which is also the largest single Grade A office leasing deal in Shanghai's core CBD this year.*"The fact that a co-working operator signed on Shanghai's biggest single premium office this year is not surprising, considering the rising demand for flexible workspace in the region, and the appeal of these innovative office strategies to a growing number of large corporations," says Eddie Ng, Managing Director of Shanghai & East China, JLL.

Beijing's 20 best hotels

cnn.com

Beijing's 20 best hotels(CNN) - As Beijing marches ahead in the global power stakes, its armory of world-class hotels strengthens year on year, if not month on month. It's not all flashy five-star high-rises either; the city's timeworn alleyways are home to secluded boutique boltholes and restored courtyard residences fit for an emperor.