Hoteliers Flock to Asia in Search of Faster Growth | nytimes.com
The global hotel business is in a deep funk, but that has not kept the industry from betting on the one region of the world where growth is strongest — Asia. Hardly a week goes by in the region without a hotel’s grand opening or announcement of expansion plans, despite a sharp downturn in the world’s major economies that has caused a plunge in occupancy and room rates across Asia, the United States and Europe.
