Shangri-La has Mainland in mind!

| No TrackBacks
Luxury hotel Shangri-La is looking to expand in the Mainland region with 11 hotels to be opened there in the coming 3 years and 2 going to be open this year. Sales rose from last year but there was still a considerable loss. The main reason for that could be articulated to the fact that the Japanese hotels were closed for around a month following the Tsunami and earthquake over there. The company's sales on the mainland last year rose to US$844 million from US$713.2 million, and Hong Kong sales rose to US$260 million from US$221.6 million. That is one of the main reasons for expanding there in the region. Also in recent years there has been a surge in the domestic tourism market in the mainland with lots of internal tours being arranged and people not shy to spend the bucks in live in luxury. Also in China, it is a status symbol, when traveling and staying in a nice hotel, it is a nice way for them to show everyone they have the big bucks. We are seeing more hotels expanding in the region and this trend is set to continue in the whole region for many years to come.

Source: http://www.scmp.com

Image: Chrispitality 
Facebook Twitter Technorati Del.icio.us Diggit Furl Reddit Yahoo MyWeb Google StumbleUpon

No TrackBacks

TrackBack URL: http://www.keepclicking.asia/cgi-bin/mt/mt-tb.cgi/1255

Leave a comment

.Asia in Action

  • animefestival.asia
  • economistconferences.asia
  • hmv.asia
  • sunisland.asia
  • indesignlive.asia
  • siteground.asia
  • frappuccino.asia
  • isoi.asia
  • aoga.asia
  • clickz.asia
  • rydges.asia
  • maritimesecurity.asia
  • funnygames.asia
  • straytravel.asia
  • wordconf.asia
  • rtn.asia
  • retirecheap.asia
  • noqstore.asia
  • rentaguide.asia
  • birdies.asia
  • bangkokshirts.asia
  • sprg.asia
  • kmindex.asia
  • lvcasino.asia
  • blank.asia
  • scenting.asia
  • bling.asia
  • edpills.asia
  • intelligencesquared.asia
  • oneminute.asia
  • dmic.asia
  • malaysiahotel.asia
  • diritto.asia
  • refashion.asia
  • webpower.asia
  • site.asia
  • datamatics.asia
  • ella.asia
  • instantit.asia
  • tesol.asia
  • hometouch.asia
  • thehilt.asia
  • marketresearch.asia
  • enetiq.asia
  • asiatalent.asia
  • prda.asia
  • horseball.asia
  • barco.asia
  • entrepreneur-sme.asia
  • hotelsystems.asia
  • myvote.asia
  • t20cricket.asia
  • whirlpool.asia
  • dancepro.asia
  • pickyproofreader.asia
  • medelines.asia
  • watatawa.asia
  • earthalliance.asia
  • switchmedia.asia
  • drbar.asia