Destinations Asia

Major Hotel Chains Positioned Well For Changes In China

Excerpt from The Street

Dec 05, 2013 11:00 am

Skift Take

The trends definitely look favorable for major hotel chains, with their huge investments and pipelines in China. That being said, China poses many risks, as well, because of the authoritarian regime.

— Dennis Schaal

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 / Flickr.com

An executive studio at Marriott Hotel China Guangzhou. / Flickr.com


Shareholders of Marriott InternationalWyndham Worldwide, Intercontinental Hotels Group, and Starwood Hotels and Resorts can sleep better at night given the economic reforms and urbanization taking place in China.

The ruling Communist Party is moving to open the Chinese economy more to meet market demand. Combined with the perpetual urbanization in the world’s most populous country, as covered in another TheStreet article, this should greatly increase the demand for hotels from both business and pleasure travelers. All four hotel chains have significant growth expansion plans for China and the rest of Asia.

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