The region's business travellers are increasingly heading to Singapore rather than Hong Kong as the mainland economy slows and opportunities open up in Southeast Asia.Wednesday, 15 August, 2012, 11:15pm
A consortium led by global asset manager Fidelity has invested US$50 million in Pod Inns, a mainland budget hotel chain.
The move reflects global funds' renewed interest in China's slowing hospitality sector.
Hangzhou-based Pod Inns will use the funds and millions of yuan in banking loans to expand nationwide.4 Jun 2012 - 12:00am
Accor, the largest international hotel operator in the Asia-Pacific region, aims to have 400 hotels on the mainland by 2015, more than three times its current portfolio, as it steps up efforts to explore the fast-growing domestic tourism sector.1 Mar 2012 - 12:00am
As our lives become more intertwined with technology, hoteliers are seeking new ways to incorporate hi-tech wizardry and redefine the experience.21 Dec 2011 - 12:00am
The future for the serviced apartment market in Nanjing looks promising due to the improved transport infrastructure and new development projects, according to Jason Low, general manager of Fraser Suites Nanjing.20 Sep 2011 - 12:00am
Serenity Bay is a sprawling resort complex that includes high-rise luxurious apartments, the International Yacht Club and Marina, an art gallery and music hall, and the sleekly designed InterContinental Sanya Resort.
The InterContinental Sanya is relatively new, having opened only last summer.28 Jun 2011 - 12:00am
It is boom time for the luxury hotel industry in Beijing with the Olympics only nine months away. Among the international hotel chains, which have opened since last year, or plan to in coming months, are the Regent, Sofitel Wanda, Hyatt International, Four Seasons, Mandarin Oriental, Renaissance, Marriott and The Ritz-Carlton Beijing, Financial Street.30 Nov 2007 - 12:00am
Minneapolis-based Carlson Hotels Worldwide, which runs nine hotels under Regent and Radisson banners in the mainland, has joined forces with a US$1 billion private equity fund to expand in that market.
The company plans to add 10 hotels in the nation annually in the next five years, according to the firm's newly appointed Asia-Pacific president, Martin Rinck.11 Oct 2007 - 12:00am
An investment group is building up an affordable, hip hotel chain on the mainland to cater for mid-class domestic corporate travellers, although most developers there are fascinated by luxury five-star hotel projects.27 Jun 2007 - 12:00am
Cathay Pacific Holidays' Value Hanoi Package includes two nights' accommodation at the Sofitel Plaza Hanoi (accorhotels-asia.com/3553) and round-trip, economy-class flights for HK$3,499 per person, twin-share.13 Jun 2007 - 12:00am
Accor, a European hotelier with more than 4,000 properties worldwide, is targeting 120 Ibis-branded economy hotels under development in the mainland by 2010, up from the seven properties currently in operation, Asia-Pacific managing director Michael Issenberg said.9 May 2007 - 12:00am
Hong Kong-listed Coastal Greenland, a small mainland developer, is expanding into the lucrative hospitality business, planning to have a portfolio of 11 hotels in the country within three years, according to a source.2 May 2007 - 12:00am
Four Seasons Place to charge 10pc more amid growing interest in serving high end of serviced apartment sector
Four Seasons Place in Central, boasting the most expensive serviced apartments in Hong Kong, expects its rents to continue to rise at least 10 per cent this year because of the robust market and the limited supply of luxury serviced accommodation.7 Mar 2007 - 12:00am
HOTEL ROOMS BEING converted into serviced apartments or leased on a monthly basis to long-staying guests has now become a trend in the hospitality industry.
The concept was introduced about seven years ago by hotel owners and operators looking to broaden their customer base and diversify their source of income.12 Jul 2006 - 12:00am
Hotel operators plan to provide more low-cost accommodation to cater for the growth in economy and business travellers
Hotel operators, both international and home-grown, and institutional investors are targeting China's economy hotel sector as budget travellers begin to crisscross the country.21 Jun 2006 - 12:00am