Checking Into China Hotels

After taking a massive hit during the Olympics and the global financial crisis, reports of China’s hotel industry making a comeback are rife. Most recently, Marriott International announced it would double its China operations within five years, according to the Washington Post.

"China is arguably the world's most compelling tourism market today," Marriott chief executive J.W. "Bill" Marriott Jr. said in a statement. "Within the next 10 years, China is expected to be the world's single largest source of international tourism and its number-one travel destination."
 
Marriott is a great example of a business taking a chance to push ahead at the right time. Though the occupancy numbers are rising, they aren’t yet near an ideal level.Continue reading...