Tag: China
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....
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...
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...
China’s Aggressive Approach to Hotel Acquisitions
NEW YORK—Decelerating industry fundamentals and weakness in forward-looking equity market prices for hotel-related companies hasn't kept Chinese companies from dominating the hotel investment landscape...
China Worries Currency on Shaky Ground
An exodus of capital in China is casting doubt on the country’s economic prospects and shaking global markets, The New York Times writes. Wealthy...