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China’s Pipeline Is Steady

PORTSMOUTH, NH—Analysts at Lodging Econometrics (LE) reported that projects in the China construction pipeline total 2,441 with 534,285 total rooms, down just seven projects year-over-year (YOY). Projects currently under construction total 1,722 with 360,379 rooms, down 4 percent by projects YOY. The number of projects scheduled to start construction in ...

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Shimao and Starwood Capital Group’s Joint Venture

A leading Chinese property developer and operator has partnered with Starwood Capital Group to launch a joint hotel venture in China. The developer, Shimao Property Holdings, will own 51 percent of the venture, with Starwood owning 49 percent. The partners ...

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Why Chinese Investors Are Enticed by U.S. Hotels

Why Chinese Investors Are Enticed by U.S. Hotels

In the last five years, Chinese investors have poured billions of dollars into the U.S. real estate market. Amid concerns over economic uncertainty and a weakening currency, many Chinese investors continue to look overseas to diversify their portfolios. Given the ...

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Chinese Hospitality Growth Slows

China’s crackdown on wasteful spending and corruption has put a major strain on its hospitality industry, with slow economic growth only intensifying that effect. Shanghai-based China Lodging Group is the only Chinese hotelier to post gains in 2016, rising 23 ...

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Excess Rooms Push Rate Drops in China

China’s excess in supply has forced owners to reduce rates to attract customers. As many as four in 10 rooms in China have been empty as of late due to a proliferation of hotel chains, reports The Wall Street Journal. In the ...

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Preferred Hotels Joins Forces with UnionPay International

Preferred Hotels Joins Forces with UnionPay International

CHICAGO—Today, Preferred Hotels & Resorts entered into a global partnership with UnionPay International as part of its continuous campaign to court the booming Chinese outbound market by making it easier for travelers to consume the independent hotel experience. Effective through ...

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