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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 the next 12 months is 323 with 72,323, up 10 percent YOY, while projects in the early planning stages total 396 with 101,583...

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 plan on developing, operating, and branding assets in the Chinese hotel market, which is currently in the midst of...

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 strong fundamentals of the hospitality industry and high prospects for stable returns, hotel assets and portfolios have been on...

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 percent to $38.45 so far this year. To read more, click here.

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 first half of 2016, RevPAR dropped by 0.7 percent from the same period in 2015. Read more here.