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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Suite Living at The Sukhothai Shanghai

The Sukhothai Shanghai, a contemporary lifestyle hotel under The Sukhothai Hotels & Resorts of HKR International, unveils its Premier Suite and two signature suites, The Loft and The Attic, taking the brand's hallmark hospitality ...

Ctrip signs China-focused Distribution Agreement with Millennium Hotels and Resorts

SINGAPORE - Ctrip.com International, Ltd. (Nasdaq: CTRP), one of China's largest integrated travel services companies ("Ctrip"), today signed an agreement with upscale global hoteliers Millennium Hotels and Resorts (MHR) to develop a global distribution strategy promoting MHR properties to Ctrip's 300 million strong customer base.

Hyatt And Homeinns Enter Into Strategic Joint Venture To Expand Footprint Across China

CHICAGO / SHANGHAI, CHINA -- Hyatt Hotels Corporation (NYSE: H) and BTG Hotels (Group) Co., Ltd. (Shanghai Stock Exchange: 600258) announced today affiliates of Hyatt and Homeinns Hotel Group (affiliated with BTG Hotels which is also named BTG Homeinns Hotels Group) have entered a strategic joint venture to create a new hospitality brand.