02 Jan '12, 7am

Luxury hotels target Chinese customers: By Tania Lee BEIJING - The beginning of the recovery for China's hotel m...

Luxury hotels target Chinese customers: By Tania Lee BEIJING - The beginning of the recovery for China's hotel m...

By Tania Lee China Daily/Asia News Network Monday, Jan 02, 2012 BEIJING - The beginning of the recovery for China's hotel market began in 2010 and in 2011 demand increased further for rooms. Hotel executives still believe that China is a safe haven for luxury hotels, despite the occupancy rate for 2011 hovering at around 60 per cent. "We haven't felt the crisis that they are experiencing in the US and Europe," said Charlie Dang, general manager of Northern China for Starwood Hotels & Resorts Worldwide Inc, owner of nine hotel chains including the St. Regis, Sheraton, Westin and W brands. "The domestic economy is still very strong. Generally the second- and third-tier cities are growing rapidly and that helps our business." The American company opened 40 hotels on the mainland in the last five years. It currently has 92 hotels in operation and another 90 in the pipeline. Th...

Full article: http://www.asiaone.com/News/Latest%2BNews/Relax/Story/A1S...

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