Jul 02

hotels Beijing WangfujingThe Beijing Olympic Games are sparking fierce competition among hotel groups.

The US-based Hilton Hotels, which has five properties in China, hopes to have two more open by the end of July.
Marriott International has opened three hotels in the capital under the JW Marriott, Courtyard and Ritz-Carlton brands and increased its Beijing portfolio to seven. It is preparing to open two more, a Renaissance and a Marriott, in July.
InterContinental Hotels Group says eight more of its hotels will open this year in Beijing. The group already has nine hotels in Beijing.

Besides the new openings, many existing upscale hotels in Beijing, including New World Jing Guang Hotel, China World Hotel Beijing and Shangri-La Hotel Beijing, have redecorating and or expansion work scheduled for completion before the Games begin on August 8.

Lin Yuan, director of sales and marketing with Novotel Beijing Sanyuan said, ‘The Olympics is absolutely a golden opportunity, nobody would like to miss promoting themselves.’

There will be about 50,200 athletes, international workers, journalists, sponsors and their business clients who will be accommodated by 112 local hotels.

However, no hotel group is banking on just the Olympics. Sustainable economic growth is their goal.

hotels shangri la beijing The Beijing Tourism Bureau believes the number of overseas guests will grow at around 30 to 60% annually, rising to a peak in 2010, and the average occupancy rate will increase to more than 72% in 2009. A lot of hoteliers are praying that the Bureau’s projections come to fruition.
Source: China Daily


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author Gareth Powell, source www.chinaeconomicreview.com

Jun 27

hotels Marriott 1Marriott International plans to add 18 hotels in China, Hong Kong and Macau through 2012 with nine new ones to open in the mainland China starting as early as next year.

The new hotels will open between 2009 and 2012 in Nanjing, Shanghai, Tianjin, Huizhou, Suzhou and Beijing. It also said hotels under construction include properties in Shenzhen, Beijing, Hangzhou, Guangzhou, Macau and Hong Kong.

Ed Fuller, president and managing director of international lodging, added that deals to open hotels in addition to these have already been signed.

The 18 hotels will increase Marriott’s presence in China, Hong Kong and Macau to 59 hotels and extended-stay apartment buildings and 22,489 rooms.

hotels Marriott 2 1He said it is possible Marriott will have as many as 100 hotels in the area in the next five or six years.

Henry Lee, area vice president for China said the company’s five hotels in Beijing are 90%-booked for August. Three additional hotels set to open before the Olympics are 40% booked.

The company’s brands include the Ritz-Carlton, Renaissance and Courtyard hotels. The illustrations both come from the Marriott in Guangzhou.
Source: CNN Money


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author Gareth Powell, source www.chinaeconomicreview.com

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