"Travel Accommodation in China" Published
Sales of travel accommodation recorded lower growth of 7% in current terms in China in 2013, owing to the relatively-unfavourable economic environment and a cut in government expenditure on business travel. Hotels, especially high-end star-rated ones, were seriously negatively influenced by these conditions, which resulted in a sharp decline in occupancy. On the contrary, chained budget hotels continued with aggressive expansion in terms of outlets under strong support from franchising and maintained comparatively-high occupancy rates, thanks to their attractive prices....
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