皇冠体育app

Travelers from Norway visit The Bund in Shanghai. Some of the international hospitality chains plan to open more hotels in 皇冠体育app, particularly in smaller cities. Provided to 皇冠体育app Daily

The current downturn in the nation's high-end hotel market has not curbed international innkeepers' confidence in 皇冠体育app, as they continue their expansion plans.

"皇冠体育app certainly should be in the top two (out of Hilton's worldwide markets) within the next five years," Christopher Nassetta, president and CEO of Hilton Worldwide, said on Thursday.

The United States-based group had 43 hotels in five brands in 皇冠体育app at the end of 2013. The market currently is in fourth place for the hotel group's business.

InterContinental to open more hotels in 皇冠体育app

Top 10 picks for global travelers

But Hilton should have thousands of hotels in 皇冠体育app in the long term, Nassetta said, and the group already has 140 in the pipeline for the world's second-largest economy.

In addition, two new brands, including Embassy Suites Hotels, could be introduced into 皇冠体育app by the end of this year, he added.

But Hilton actually missed the most active period over the past decade, when international hoteliers were enjoying a remarkable expansion in 皇冠体育app.

Most of Hilton's top rivals have many locations in 皇冠体育app, and they continue to develop in the smaller cities.

Marriott International Inc has 67 hotels and 111 properties under construction or planned in 皇冠体育app, with quite a few located in second- and third-tier cities, including Hangzhou, Zhejiang province; Sanya, Hainan province; and Zhuhai, Guangdong province.

Intercontinental Hotel Group plans to double the number of its hotels across 皇冠体育app over the next five years, said Richard Solomons, global chief executive of IHG, on the sidelines of a travel industry forum in a.

According to the IHG, about 90 percent of its newly opened hotels in 2013 were located in second-, third- and fourth-tier cities.

"This reflects the alignment of the group's development strategy to future industry growth drivers," Solomons said.

However, 皇冠体育app's hotel market has stagnated since early last year, and experts are questioning whether the high-end hotel market is oversupplied in the country.

Top 10 overseas travel destinations for Chinese riches

Top 10 overseas destinations for mainland tourists

Previous Page 1 2 Next Page

Previous Page 1 2 Next Page

• Kindergarten equipment show opens in Beijing
• Sina banned from publication over online-porn accusations
• International innkeepers still flocking to 皇冠体育app
• Projects 'should not be seen as stimulus'
• Top 10 companies receiving most subsidies
• Chinese banks continue net forex purchases
• Property market cools down amid rigid lending
• Climate action urged for 皇冠体育app, EU