InterContinental's Tsim Sha Tsui hotel was sold for US$938 million as part of the group's new asset-light strategy. Photo: SCMP Pictures
InterContinental's Tsim Sha Tsui hotel was sold for US$938 million as part of the group's new asset-light strategy. Photo: SCMP Pictures

new | Mainland Chinese tourist boom fuels hotel expansion plans

Midscale brands tap fast-growing middle class as China's hotel market to surpass US by 2025

InterContinental's Tsim Sha Tsui hotel was sold for US$938 million as part of the group's new asset-light strategy. Photo: SCMP Pictures
InterContinental's Tsim Sha Tsui hotel was sold for US$938 million as part of the group's new asset-light strategy. Photo: SCMP Pictures
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